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Cardano could bring out the next crop of crypto-millionaires by 2020

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By now you must have heard about Cardano (ADA) considering the amount of attention it has been getting of late. Launched in September 2017, Cardano (ADA) has managed to quickly make a name for itself as one of the top 10 virtual currencies in the market with a market cap of $3,381,881,920 (at the time of press).

If you are wondering what the future holds for Cardano (ADA), then you are reading the right article. In this writing, I am going to try and share with you relevant Cardano price prediction giving you also an overview about Cardano (ADA) and what makes it stand out.

What is Cardano (ADA)?

Like Ethereum, Cardano is a blockchain technology that was created for the development of smart contracts and decentralized apps. And just like Ethereum where Ether is the digital currency or token used to facilitate transactions on its platform, ADA is the default virtual currency for Cardano’s platform.

However, Cardano offers superior technological improvements over other digital coins such as Ethereum as it aims to develop an accessible, interoperable 3rd generation blockchain. Shockingly, the brain behind Cardano (ADA) is non-other than one of Ethereum’s co-founder, Charles Hoskinson who conceptualized it in 2015 and later launching it in 2017.

Cardano’s Investment Brief History

Unlike other virtual currencies, Cardano did not commence with promotions immediately after formation. In fact, the now number 7 cryptocurrency in the market was worked on for over two years before the management decided to launch it to the public.

Within a month into existence, the digital coin became popular in the crypto market getting listed in some of the leading virtual currency exchanges in a short time. The value of ADA, which was initially at 0.021 US dollars at the time of launch, hit a high of 1.22 US dollars early this year.

Value growth of over 5,000 percent in barely four months. During the same time, Cardano’s market capitalization grew from $0.56 million to a whopping 31 billion US dollars.

Investors found the digital coin as a viable investment asset due to Cardano’s substantial technological superiority it offers over other virtual currencies, and due to a competent and transparent team behind its operations.

Cardano (ADA) Long-Term (2020) Price Prediction

Different crypto analysts have conflicting opinions concerning Cardano’s price prediction for the year 2020. For instance, the technical analysis done by longforecast.com show that Cardano’s price valuation in December 2020 might be at $1.89 which is seen to be a more realistic forecast for the fast-growing crypto.

In regards to its position in the market, there is an alternative prediction for the digital coin:

  • Virtual currency investments will replace fiat currency which will drive the supplementary adoption and development of the virtual currency.
  • The Eastern Pacific looks to be warming up more towards Cardano raising the speculations that it might be used widely in that area.
  • Cardano has the potential to become one of the top-5 virtual currencies in the market although LTC, Ripple, and other cryptos offer it tough competition.

However, Cardano (ADA) future prices depend on market shifts and waves, and it is paramount to note we cannot give exact predictions since more superior cryptos and blockchain technologies keep on popping up from time to time. Still, all in all, as things stand, Cardano is ‘red hot’ investment opportunity and could have given the birth to many cryptocurrency multimillionaires when we reach 2020.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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