Will Cardano break to new highs?

Bitcrypto

Contributor
Cardano launched last year; so far it achieved a return of over 1,500%. The market cap of this cryptocurrency is around $9 Billion. It is in the top 10 cryptocurrencies by assets.

There are some positive developments around Cardano (ADA.X). The Ethiopian government signed a memorandum of understanding with the parent of this cryptocurrency, hoping to see local developers apply blockchain technology to the country’s agritech industry.
 

CryptoTC

Crypto Fat Cat
Staff member
Cardano has dropped slightly more than the overall market in the last 10 days or so. It generated a short term burst of interest and price rise before that. Pump and dump or legitimate platform?

Anyone have opinions to offer?
 

BitFit

Contributor
Cardano has dropped slightly more than the overall market in the last 10 days or so. It generated a short term burst of interest and price rise before that. Pump and dump or legitimate platform?

Anyone have opinions to offer?
Looks like it might have been a pump and dump. Maybe it will become a good platform eventually, but that’s probably way off in the future. Where’s the value coming from now?
 

The CC Forums

Admin
Staff member
Looks like it might have been a pump and dump. Maybe it will become a good platform eventually, but that’s probably way off in the future. Where’s the value coming from now?
That’s the million dollar question for all crypto. Where’s the value coming from indeed?

It will take a few years to sort out, the market will reward the coins that get adopted for use and the rest will fall away.

Your guess is as good as the rest of us on Cardano and any other project.
 

Bitcrypto

Contributor
Recently, Coinbase's decision to list Cardano on its exchange caused the cryptocurrency price to shoot up. Another reason for the price surge is the fact that altcoins increasingly draw the attention of regulators and institutions such as the Chartered Financial Analysts (CFA) Institute.

Additionally, Cardano's Shelly project is quite exciting. It aims to make the blockchain network fully decentralized.

Cardano's rally: substantiating serious potential for the cryptocurrency
 

CryptoTC

Crypto Fat Cat
Staff member
The Coinbase effect no doubt. Will ADA get adoption for long term success or is Coinbase in it for trading profits?

That’s the real question. How many platform coins/chains will survive?
 

CryptoTC

Crypto Fat Cat
Staff member
I think it will be a while before we see any major movements
I think that’s true of many cryptos now. 2017’s huge bubble (there it is!) and big fall will stick around for a long time. ICO’s did more damage than many people understand.
 

Rose Martin

Contributor
Cardano Price Prediction With 5-Years Cardano Price Forecast

As an aggregator, CoinSwitch provides a real-time Cardano price chart that enables market investors to buy and track the ADA cryptocurrency price from the leading Cardano exchange. Since its market launch in September 2017, Cardano has provided a return on investment of almost 1500%. Cardano price prediction suggest that the Cardano price is up for a long-term 1724.400747% in the ADA price value with a 5-year investment. This means that in the year 2023, the Cardano price is forecasted to stand at $2.16 . You can keep track of Cardano’s progress by adding it to your wallet portfolio.

Despite its recent market entry, Cardano has been listed for trading on leading cryptocurrency exchanges including Upbit, Binance, and Bittrex, and the New Zealand-based exchange, Cryptopia. With a current trading volume of over $76,078,077, Cardano has the potential to become among the leading cryptocurrencies globally, even ahead of the current market leaders, Bitcoin and Ethereum. Built with its own implementation of blockchain technology, Cardano is currently backed by Cardano Foundation, Input Output Hong Kong, and Emurgo.
 
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