Cardano Price May Retest $1.87 Resistance Level

Cardano Price May Retest $1.87 Resistance Level

ADA Price Analysis – May 11

When the bulls increase their momentum, the resistance level of $1.87 will be penetrated and the price may increase to the resistance level of $2.08 which may extend to $2.45 level. Should the sellers interrupt the bulls’ pressure and gain enough momentum, ADA/USD may decline to $1.64, $1.46 and $1.23.

ADA/USD Market

Key Levels:

Resistance levels: $1.87, $2.08, $2.45

Support levels: $1.64, $1.46, $1.23

ADA/USD Long-term Trend: Bullish

Cardano is bullish on daily chart. Cardano followed the bullish pattern (Head and Shoulder) formed two weeks ago. The price soared to the resistance level at $1.87 after it breaks up the former resistance levels of $1.46 and $1.64. On May 10, the coin pulls back at the resistance level of $1.87 to retest the $1.64 level. Today, the bulls are dominating the market, which means the price may increase further.

ADAUSD Daily chart, <May 11

Cardano continue its trading above the 9 periods EMA and 21 periods EMA at a distance to the EMAs. When the bulls increase their momentum, the resistance level of $1.87 will be penetrated and the price may increase to the resistance level of $2.08 which may extend to $2.45 level. Should the sellers interrupt the bulls’ pressure and gain enough momentum, ADA/USD may decline to $1.64, $1.46 and $1.23. The technical indicator Relative Strength Index period 14 is at 75 levels with the signal line pointing upside which indicates a bullish signal.

ADA/USD Medium-term Trend: Bullish

Cardano is on the bullish movement on 4-hour chart. ADA approaches the high level of $1.87 last week. The breakup of the level is prevented by the pressure of the bears. The price pulled back to retest the support level of $1.46. The bulls defends the $1.46 level and the price is currently increasing towards the $1.87 for second touch.

ADAUSD 4-hour chart, May 11

The price is trading above the 9 periods EMA and 21 periods EMA while the two EMAs are close to each other indicating low market volatility. The relative strength index period 14 is at 60 levels and the signal line pointing up to indicate buy signal.

You can purchase crypto coins here: Buy coins

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Reveals Details on Highly-Anticipated Alonzo Upgrade

Cardano Reveals Details on Highly-Anticipated Alonzo Upgrade

Cardano (ADA) recently released more information on its native programming language, Plutus, which network users can use to write smart contracts after the highly-anticipated Alonzo upgrade falls through.

According to a blog post explanation by IOHK, the host company of Cardano, the Plutus contracts have parts that operate both on-chain and off-chain. The post also notes that both parts of Plutus (on-chain and off-chain) are written in the Haskell programming language but are compiled by Plutus, which creates the framework for smart contracts on Cardano.

Like Bitcoin (BTC), Cardano operates using the UTXO (unspent transaction output) model, where the inputs are unspent outputs from older transactions. However, the network has built upon this system to create an extended UTXO model (EUTXO), which has features not seen in other accounting models.

The Extended Unspent Transaction Output (EUTXO)
The EUTXO model allows for the validity of transactions to get checked off-chain before the transaction is uploaded to the blockchain. This operation beats that of Ethereum Layer 1, which carries out all transactions on-chain. Another unique feature is that the costs of transactions on the EUTXO get determined off-chain, which is a step better than on-chain costs determination.

That said, the network will use Plutus Core to determine the parameters for EUTXO transactions and the compilation of code developed for smart contracts. Meanwhile, a Plutus Application Framework (PAF) will serve as an access provider to services and applications running on the network, coupled with web browser interoperability.

Cardano added that:

“Applications written on top of the PAF automatically provide an HTTP and WebSocket interface that can be used to interact with the application from the web browser.”

Cardano launched a native token upgrade, Mary, in February to enable users to create customized tokens and implement transactions with them. Plutus will expand the capability base of the current token by improving minting policies, which will be beneficial for NFTs.

 

You can purchase crypto coins here: Buy Coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price Is Awaiting a Breakout

Cardano Price Is Awaiting a Breakout

ADA Price Analysis – April 06

Should the bulls are able to break up the price above $1.23 level, the resistance at $1.46 and $1.68 will be the target. Failure to break up the $1.23 level by the bulls may lead to the breakdown of $1.11 support level and the Cardano price may reduce to $0.98 and $0.83.

ADA/USD Market
Key Levels:

Resistance levels: $1.23, $1.46, $1.68

Support levels: $1.11, $0.98, $0.83

ADA/USD Long-term Trend: Ranging

ADA/USD is on the ranging movement on the daily chart outlook. Cardano was under the control of the bulls two weeks ago, the bears opposed the price increase and it was pushed down to $1.11 support level. The bears could not break down the $1.11 level. The bulls’ momentum is weak and could not break up the resistance level at $1.23. The price has been ranging withn the price levels of $1.23 and $1.11.

ADAUSD Daily chart, April 06

The two EMAs are close to each other and the crypto is trading over and around the 9 periods EMA and 21 periods EMA at moment as a sign of ranging movement. Should the bulls are able to break up the price above $1.23 level, the resistance at $1.46 and $1.68 will be the target. Failure to break up the $1.23 level by the bulls may lead to the breakdown of $1.11 support level and the Cardano price may reduce to $0.98 and $0.83. The relative strength index period 14 is flat at 50 levels to indicate ranging market signal.

ADA/USD Medium-term Trend: Ranging

On 4-hour chart, Cardano is ranging. Cardano could not continue to increase in price as the bears defends the resistance level of $1.23. The price tested the $1.11 level but unable to penetrate the level. The coin started ranging movement within $1.23 and $1.11.

ADAUSD 4-hour chart, April 06

The two EMAs are interlocked to each other which indicate that consolidation is in progress in Cardano market. The price is trading around and over the 9 periods EMA and 21 periods EMA as a sign of consolidation. However, the relative strength index period 14 is above 50 levels and the signal line is not exhibiting specific price direction.

 

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price: Bullish Pressure at $1.23 Resistance Level, Price Increase Envisaged

Cardano Price: Bullish Pressure at $1.23 Resistance Level, Price Increase Envisaged

ADA Price Analysis – March 30

When the bulls are able to push up the price above $1.23 level, the resistance at $1.46 and $1.68 will be the target. Inability to break up the $1.23 level by the bulls may result to further price consolidation. The support levels below current price are found at $1.11, $0.98, and$0.83

ADA/USD Market
Key Levels:

Resistance levels: $1.23, $1.46, $1.68

Support levels: $1.11, $0.98, $0.83

ADA/USD Long-term Trend: Bullish

ADA/USD is bullish on the daily chart outlook. Last week, the price direction was towards south; that is, it was bearish. The price changed direction when the price hits a support level at $0.98. Daily strong bullish candles are produced and Cardano increases to $1.23 resistance level. Cardano price experience a partial breakout at the $1.23 level but has no pressure to sustain the breakout. The price is currently consolidating around $1.23 level.

ADAUSD Daily chart, March 30

The crypto is trading above the 9 periods EMA and 21 periods EMA at moment as a sign of bullish movement. When the bulls are able to push up the price above $1.23 level, the resistance at $1.46 and $1.68 will be the target. Inability to break up the $1.23 level by the bulls may result to further price consolidation. The support levels below current price are found at $1.11, $0.98, and$0.83. The relative strength index period 14 is flat at 50 levels to indicate ranging market signal.

ADA/USD Medium-term Trend: Bullish

Cardano is bullish on 4-hour chart. The coin bounces from the support level at $1.11 to the resistance level at $1.22. Cardano has being consolidating around $1.23 level. At the moment, the bulls are exerting pressure to break up $1.23 price level.

ADAUSD 4-hour chart, March 30

The two EMAs are close to each other which indicate low momentum in the Cardano market.  The price is trading above the 9 periods EMA and 21 periods EMA as a sign of bullish movement. However, the relative strength index period 14 is above 40 levels and the signal line pointing towards north as a bullish signal.

 

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano is Recording Overwhelming Demand: Charles Hoskinson

Cardano is Recording Overwhelming Demand: Charles Hoskinson

Charles Hoskinson, the founder of Cardano (ADA), recently announced that the company is witnessing “overwhelming demand” despite it still being in the second phase of its Goguen upgrade.

Hoskinson noted that Cardano does not have the programmability facility at the moment, nor the smart contracts needed to meet the demand, but that didn’t stop companies from subscribing to it. Already, several applications are using Cardano’s metadata features.

The founder and CEO of Cardano noted that “at the moment our company has no more capacity to serve the flow that comes to Cardano.”

In a previous report, we quoted Hoskinson saying that over 100 companies could migrate from Ethereum to Cardano, despite Cardano’s current inability to cater to the clients.

The influx of clients spiked significantly following Cardano’s successful launch of the Mary hard fork at the start of this month. The upgrade effectively turned the company into a multi-asset network ecosystem.

Meanwhile, Charles Hoskinson is actively working with several African governments to attract millions of users to its database. IOHK, the host company behind Cardano, has collaborated with several African countries to get its citizens to create digital identities.

Hoskinson Comes with Proof for Critics
Hoskinson recently broadcasted a map of Cardano’s ecosystem via Twitter to shut critics who labeled the company a “ghost chain.”

Charles Hoskinson. Source: Google

Speaking about the DeFi ecosystem, the CEO noted that the company “has to listen to what people are saying,” referring to dApps that function as speculation vehicles alone, like NFTs, without providing any sustainable use cases for the cryptocurrency community.

He added that “most dApps are currently centralized by a small group of actors who control the changes in the protocols.”

Meanwhile, Cardano plans to provide complete decentralization for the protocol by enabling block-creation by pool operators by the end of this month.

 

You can purchase crypto coins here: Buy Coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Records Bullish Spike Following Coinbase Listing

Cardano Records Bullish Spike Following Coinbase Listing

Cardano (ADA) has come into the spotlight following Coinbase’s announcement that it plans on listing the cryptocurrency on its retail platform, which triggered a +30% spike in the cryptocurrency.

Before the news release, ADA had been trading in a sideways momentum for more than two weeks.

That said, the third-largest cryptocurrency will become one of the many beneficiaries of the “Coinbase Effect,” which has caused traders to be fiercely bullish about the prospects of ADA.

As many traders “buy the news,” reports have assured that ADA is not under any risk of a sharp decline, as it currently sits on a massive support barrier.

IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model illustrates that about 133k addresses had previously bought over 3.7 billion ADA at an average price of $1.15, which indicates that there is a healthy amount of interest to absorb the emergence of any downward pressure.

Meanwhile, the IOMAP indicates that about 95% of all ADA tokens currently in circulation got acquired at a lower price than their current market value.

What these figures tell is that most of the investors behind Cardano are “In the Money” and that it will take a huge sell-off to send the price lower.

ADAUSD – Hourly Chart

Key ADA Levels to Watch — March 18
ADA has regained a bullish bias following its decimation of the $1.1000 resistance, just like we projected. The cryptocurrency is now on the verge of toppling its all-time high at $1.4850 but has to clear the $1.4400 resistance.

That said, we expect to see a mild correction to the $1.4000 area, where a sharp rebound could occur due to a possible dip-buying influx.

Meanwhile, our resistance levels are at $1.4400, $1.4600, and $1.4850, and our key support levels are at $1.4000, $1.3000, and $1.2000.

Total Market Capitalization: $1.80 trillion

Cardano Market Capitalization: $46 billion

Cardano Dominance: 2.5%

 

You can purchase crypto coins here: Buy Coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

FD7 Partners with Ask The Doctor to Launch Cardano-Based Healthcare Token in Africa

FD7 Partners with Ask The Doctor to Launch Cardano-Based Healthcare Token in Africa

Just two weeks after FD7 Ventures—a cryptocurrency-based investment fund led by Prakash Chand—announced that it was launching a $250 million fund in India geared towards investing in Cardano (ADA) and Polkadot, a recent report by Businesswire revealed that Chand was undertaking another Cardano project in Africa.

In a joint effort with FD7, Ask The Doctor—a global digital health platform that publishes health and wellness content and creates SaaS solutions for medical professionals—has announced that they plan on converting their Ethereum ERC20-based AskToken to Cardano.

Ask The Doctor was co-founded by Dikembe Mutombo and Israel Idonije, two former African sporting stars in the US, to provide seamless and efficient healthcare services in Africa.

The AskToken initiative will get launched in Africa first before getting replicated in other parts of the world.

The press release published by the company yesterday noted that:

“The AskToken plans to address issues like these and overall health and hygiene information in hopes of significantly improving quality of life in Africa and beyond.”

In reciprocity, the company rewards users with a digital currency that can be used to pay for medical services and products when needed.

In other news, Bloomberg recently announced that it plans on adding ADA to its terminal, which means that institutional investors can have exposure to the blockchain project. However, the listing will only use the definition and not the price information.

ADAUSD – 4-Hour Chart

Key ADA Levels to Watch — March 16
ADA traded on a bearish tone yesterday, following a strong rejection from the $1.2000 resistance. The fifth-largest cryptocurrency is currently trading along a descending channel and risks falling to lower lows amid a drought in trading volume.

That said, ADA has to post a sustained break above the $1.1000 resistance to regain any bullish momentum. Failure to break the $1.1000 resistance will automatically foment a dip to the $0.9000 support (base of our channel).

Meanwhile, our resistance levels are at $0.0600, $0.0650, and $0.0700, and our key support levels are at $0.0550, $0.0500, and $0.0450.

Total Market Capitalization: $1.72 trillion

Cardano Market Capitalization: $33 billion

Cardano Dominance: 1.9%

 

You can purchase crypto coins here: Buy Coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price Prediction 2021 And Beyond – How Far Will Cardano (ADA) Go?

Cardano Price Prediction 2021 And Beyond – How Far Will Cardano (ADA) Go?

Cardano is the world’s first decentralized blockchain solution ever to be academic, peer-reviewed. ADA is Cardano’s native cryptocurrency.

Cardano was released in 2015 and it uses the Ouroboros proof of stake technology. Its main goal is to run a public blockchain platform for smart contracts and to make “positive global change”. 

So Cardano is the result of great scientific research initiated by Charles Hoskinson. In addition to supporting smart contracts, Cardano has the potential to be implemented in supply chain traceability and governance also. Since Charles Hoskinson was part of the Ethereum founders group, he split from Ethereum, embarking on a new project that would eliminate the flaws that Ethereum had, and would call it Cardano.

In 2017, the project raised $60 million through an ICO. EMURGO, the company that supports the implementation of Cardano is based in Japan. Also, a significant number of investors are based in Japan, which is why Cardano is often referred to as “the Japanese Ethereum”.

There are five stages (eras) that will take place for the full implementation of the Cardano blockchain: Byron, Shelley, Goguen, Basho, and Voltaire. Each phase contributes to the implementation of various functions in the Cardano blockchain. For example, in the Shelley era, Staking was introduced. In the Goguen rollout, work is underway to implement smart contracts.

In addition to the EMBURGO we mentioned above, there are two other companies that help run Cardano; the Swiss-based Cardano Foundation, whose role is to monitor the development of Cardano and Input-Output Hong Kong (IOHK) which builds the blockchain and the tools for its application.

Why Should You Pay Attention To Cardano (ADA) In 2021 and Beyond?

Cardano has gained a lot of attention in 2021 and its price has increased significantly. Cardano has actually become one of the fastest-growing blockchain assets in 2021 positioning itself in 4th place in Coinmarketcap’s list. 

The sentiment for 2021 is favorable because most analysts and experts believe that the demand for Cardano might grow positively. The beginning of 2021 has been good for the crypto industry overall.

As mentioned above, Cardano is receiving a lot of attention and recently it went through the ‘Mary’ protocol update. At the moment Cardano’s price is $1.12 and its market cap is $35,6 billion.

Crypto analysts believe that Cardano’s price might grow significantly in 2021. Smartereum.com’s 5-year ADA price forecast (made in 2018) stands at $10. Taking into consideration that a very large team inspired by the vision of creating a next-generation cryptocurrency is guiding Cardano, it might turn into a reality in 2021 and beyond.

eToro - Buy and Invest in Assets

Our Rating

  • Buy over 2,400 stocks
  • Trade thousands of CFDs
  • Deposit funds with a debit/credit card, e-wallet, or bank account and PayPal
  • Perfect for newbie traders and heavily regulated
  • Only real cryptos are available for US users
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cardano(ADA) 2020 Price Analysis

In early 2018, analysts predicted that Cardano would cross the $1 mark and potentially grow further. ADA started at $0.03 in 2020 and quickly reached $0.07 by mid-February. The coin slumped to an intraday low of $0.01 on 13 March, driven by the wider sector selling at the start of the Covid-19 crisis. 

The coin has risen exponentially since reaching the bottom of the year and peaked at $0.14 in August. ADA, however, started to fall lower in just a few days, decreasing to $0.077 by 24 September. After that, Cardano surged to $0.17 on December 1. In the last month of 2020, the price of the ADA fluctuated from $0.13 to $0.19, and it finished the year with a price of $0.18.

Cardano (ADA) Price Prediction 2021

Cardano has gained a lot of attention in 2021 and its price has increased significantly. It actually reached an all-time high of $1.48 on February 7, 2021. Among the crypto community, there are many hopes that Cardano may reach high levels in 2021. 

The Coin Price Prediction is optimistically predicting that by the end of 2021, the ADA price may close at $2. Cardano’s projections for 2021 are remarkably diverse. Most of the forecasts are positive and it is obvious, with a relentless team behind it, that Cardano’s price could potentially grow. Digitalcoin which is known for a more conservative approach when predicting prices believes that Cardano might stay under the $2 mark, reaching only as high as $1.87 in 2021.

Walletinvestor is even more conservative predicting that Cardano’s price in 2021 could maximum reach $1.67.

Cardano trend line. Source: Walletinvestor

Trading Beasts is not so optimistic, also predicting Cardano to reach only as high as $1.86 in 2021. The most optimist approach comes from Previsioni Bitcoin. They believe that Cardano might reach $ 5.75 by December 2021.

2021 Cardano price prediction. Source: Previsioni Bitcoin

Cardano (ADA) Price Prediction 2023, 2025, 2026

When it comes to longer-term predictions forecasts are also positive, believing that Cardano price may significantly increase. According to Previsioni Bitcoin Cardano may reach $5.82 by 2023. Digitalcoin predicts Cardano to increase and reach  $2.77 by 2023. By 2025 they predict Cardano to reach $3.87. Moreover, they are even more optimistic when predicting Cardano price for 2026 believing that the coin could reach as high as $4.40. Walletinvestor is more conservative predicting Cardano to reach as high as $2.58 in 2023. For 2025 they predict Cardano to reach $3.62, and then to have a slight increase and reach $3.82 by February 2026.

Is Cardano (ADA) A Good Investment In 2021?

Cardano can be said to be a good investment, as its price is expected to rise. There is a hype when it comes to Cardano, and expectations are high in the crypto community. Although there may be skeptics here and there, there is still a positive perception of Cardano.

According to the predictions mentioned above Cardano is a strong bet in the long term. The average projections indicate that from the beginning of 2021, the ADA price might rise upwards. Throughout the year, Cardano may realize its highest value upsurge and may record a new all-time high. Many analysts actually believe that ADA could reach $10 by the end of 2021.

What Will Be The Future Of Cardano (ADA)?

Speaking on how the coin has acted in the past, things appear to be fine. Digitalcoin confirms that in 2021 the price of Cardano may grow. That being said, Cardano is a third-generation cryptocurrency that aims to overcome the obstacles that Bitcoin and Ethereum have. 

Future releases for Cardano could improve performance, scalability, and security, as stated by Digitalcoin and thus attract more investors. According to Digitalcoin ADA may reach $2.95 by 2025. The coin might hopefully hit $5.93 by 2028. This indicates that Cardano’s future is bright.

Where Is The Cryptocurrency Industry Headed? 

The year 2020 was a landmark one for cryptocurrencies. This year, their unpredictable essence came to the fore recognizing that cryptocurrencies suffered a dramatic downturn due to the COVID-19 pandemic in March. But later in 2020, they returned strongly. Indeed, cryptocurrencies such as Bitcoin and Ethereum have proved to be robust. In recent months, market interest, both retail and institutional, in digital currencies has grown sharply. 

The core technology behind cryptocurrencies, Blockchain, has expanded well beyond the digital currency industry and this year is likely to see fresh applications. Cryptocurrencies are getting special attention in 2021. They are currently experiencing a bull-run. Experts believe that by the end of 2021 cryptocurrencies will have significant growth, with Bitcoin as the leader. Crypto adoption and DeFi are growing significantly and are expected to have an even greater impact on the financial world in the future.

Predictions vary, some believe Bitcoin could reach $100k, some like Plan B, the creator of the Stock-To-Flow model believe it could go up to $288k by the end of 2021.

In addition to Bitcoin, 2021 is also the year of altcoins, or as it is otherwise called “altcoin season”. Cardano is proving to be one of the most promising altcoins, experiencing steady growth in 2021. Overall it is a great time to be part of the crypto industry in 2021 because the profit opportunities are great.

And it’s a good time to be alive and witness the first investments of big companies like Tesla, in cryptocurrency. Some even believe that cryptocurrencies are currently in the same position as the Internet in the 1990s, indicating that they can really have a big impact on the world of finance in the future.

Should You Invest In Cardano (ADA)?

Cardano relies heavily on the academic market, in comparison to the rivalry. The architecture of the platform was developed from the ground up using evidence-based approaches based on scientific philosophy, theoretical theory, and finalized by peer-reviewed analysis. 

It is primarily targeted at solving the issues of scalability, accessibility, and longevity on Blockchain networks. Also, several partners are funding the long-term growth potential of Cardano.

If the predictions mentioned above turn out to be right then Cardano is a good investment option. Moreover, industry dynamics and analyst reviews say that Cardano is a good investment option. Since it is now altseason, altcoins are expected to have a significant increase in prices in 2021. 

eToro - Buy and Invest in Assets

Our Rating

  • Buy over 2,400 stocks
  • Trade thousands of CFDs
  • Deposit funds with a debit/credit card, e-wallet, or bank account and PayPal
  • Perfect for newbie traders and heavily regulated
  • Only real cryptos are available for US users
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Granit Mustafa

Granit Mustafa

Crypto Enthusiast, SEO specialist, and Content creator.

Cardano Announces Latest Upgrade (Mary) to Its Mainnet

Cardano Announces Latest Upgrade (Mary) to Its Mainnet

Cardano announced yesterday that it has successfully implemented an upgrade to its network, noting that this is a crucial milestone.

The company mentioned that the update introduces Goguen features of native token functionality and multi-asset support. Goguen is a significant upgrade on the Cardano roadmap and introduces smart contracts and enables users to build dApps.

According to a blog post by IOHK, native tokens will give Cardano multi-asset support, enabling users to create unique tokens and facilitate transactions with them on the blockchain.

The recent upgrade, Mary, helps the ledger’s accounting infrastructure to process ADA transactions alongside transactions from several other asset types. The company highlighted that native support bestows some distinct advantages to developers, given that the need to create smart contracts to handle custom token creation has gotten eliminated.

Developers now build tokens on the Cardano network for virtually everything, including NFTs and tokenized stocks or commodities. According to Token Tool, there are already 1,400 uniquely designed tokens on the network. However, it appears that many of these tokens were created as experiments, as most do not have any purpose.

Meanwhile, the IOHK blog post reported that the tracking and accounting of custom tokens on Cardano is supported by the ledger natively, which is said to be a better alternative to Ethereum’s ERC-20 standard. The blog post added that: “Because native tokens do not require smart contracts to transfer their value, users will be able to send, receive, and burn their tokens without paying the transaction fees required for a smart contract or adding event-handling logic to track transactions.”

ADA Price Spikes in the Run-Up to the Upgrade
In other news, ADA has rallied in the run-up to the system upgrade, helping the cryptocurrency to snatch the number three spot from Binance Coin (BNB) a few days ago.

That said, Cardano (ADA) has surged by about 240% in the past thirty days and has rallied by more than 2,500% over the past year.

 

You can purchase crypto coins here: Buy Coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

ADA/USD Price May Reverse at $1.46 Resistance Level

ADA/USD Price May Reverse at $1.46 Resistance Level

ADA Price Analysis – March 02

Should the bears further increase their momentum and push the price to the support level of $1.11, then, $0.98 level may be tested. In case the price is rejected at the $1.23 level, the price may continue bullish movement. The resistance level can be found at $1.46, $1.68, and $1.76 levels.

ADA/USD Market
Key Levels:

Resistance levels: $1.46, $1.68, $1.76

Support levels: $1.23, $1.11, $0.98

ADA/USD Long-term Trend: Bullish

ADA is bullish in the long-term outlook. The crypto has been under the control of the buyers for many days. The price has been making higher highs after the breakout that took place on February 05. The bulls gained enough momentum to break up the resistance level of $0.98 tested $1.11 level and pulled back on February 23. Further increase in the bulls’ pressure penetrates $1.11, and $1.46 level is tested. The Cardano is pulling back towards $1.11 level.

ADAUSD Daily chart, March 02

The price is trying to break down the 9 periods EMA and the 21 periods EMA while the former remains above the later. At the moment, the price is trading above the two EMAs at close contact which indicates a weak bullish movement in the ADA market. Should the bears further increase their momentum and push the price to the support level of $1.11, then, $0.98 level may be tested. In case the price is rejected at the $1.23 level, the price may continue bullish movement. The resistance level can be found at $1.46, $1.68, and $1.76 levels.

ADA/USD Medium-term Trend: Bearish

ADA/USD is bearish on the 4-hour chart. The bullish pressure could not withstand the resistance level at $1.46. There was a short period of consolidation but the bears eventually prevailed. The price descended towards the support level of $1.23 where it commences ranging movement. There is a probability that the price will decrease to the support level at $0.98.

ADAUSD 4- hour chart, March 02

Cardano is trading below the 9 periods EMA and 21 periods EMA which indicate bearish momentum and that the bears are dominating the market. The Relative Strength Index period 14 with its signal line pointing down around 40 levels connotes a sell signal.

You can purchase crypto coins here: Buy coins

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.