Cardano (ADA) is more than 1 year old! – Forecast of long-term ADA / USD prices – News today – Wed Jan 09

Although there are many coins in the industry of encrypted coins, the good ones are mostly those that constantly announce their names. In 2017, Cardano was launched in Tokyo. Since then, ADA, Cardano's encrypted currency, has been one of the top 10 cryptocurrencies in the world.
From 1 October the ADA trading was carried out. One of the founders of ADA was Charles Hoskinson, he is also one of the founders of Ethereum. He left the Ethereum (ETH) after the DAO hacking incident.

Although ADA has been trading for a year, many of Cardano's features do not work yet. Therefore, Cardano can execute Smart Contracts, but so far this is only possible in the test network.
There is a lot of research on technology, so Cardano works in many universities. Cardano is often referred to as a scientific research project. Unlike Bitcoin and Ethereum, Cardano is not based on proof-of-work algorithms, because others require energy-intensive mining. Instead, Cardano relies on Proof-of-Stake, a system to which even Ethereum wants to pass.
Since the founding of Cardano, over 150 people have worked on the project. It has also long been listed on many of the major market platforms such as ADA, Binance, Bittrex, eToro and BitMEX.
Therefore, anyone who wishes to negotiate with ADA has the opportunity to do so on these platforms. From outside, the development of Cardano is proceeding very slowly.
Cardano is among the top 10 without a serious product, but when the potential assumption becomes a real value, those who remain patient with this coin will certainly be rewarded.
While the highest level of all time is above $ 1, it is currently worth much less. Therefore, if Cardano continues to progress properly in its development and continues to implement everything in the time schedule, there is still great potential.

The current price of Cardano

On the day following the publication, the cost of the currency rebounded by 11% from the composition season. Similarly, the ADA market expanded to $ 2.276 billion pounds
The gain of 11 percent represents a maximum of four days for the altcoin, which has gained some momentum throughout the week. Binance is converting most of ADA's business volume to $ 32.624 million with 27.26%. The upbit closely follows 30.607 million dollars per second.

Furthermore, Cardano management announced the launch of IELE (Cardano Virtual Machine), which allows Cardano customers to develop easily with the Cardano blockchain.
Internet Online Hong Kong (IOHK) and the Cardano Foundation are said to be on the verge of inventing a widely accepted ADA payment system, which is nothing more than a solution for some of the most challenging in the blockchain world.

Cardano could reach $ 50 in 2019?

According to the latest trends in the cryptography market, almost all digital currencies are gaining value, some are high, while others seem to warm up for bulls in the nearby market. As for the above table, on September 21, 2018, the ADA increased 12% within 24 hours. This trend increased the value of the currency on the weekly chart by 19%.
When you look closely at the ADA graphical journals, especially in the previous quarter of 2017, you'll see that last year's ADA is about $ 0.020.
Cardano continues its progress on the technical roadmap in the bear market and its application to daily use cases. This is a good thing, and when we see a complete market improvement, it should support the price of the currency.

Analysis of long-term ADA / USD prices

⦁ Supply zone: $ 0.1600, $ 0.1800, $ 0.2000
⦁ Required area: $ 0.0600, $ 0.0300, $ 0.0001
The long-term view of ADA is a bullish model. The stochastic oscillator is at 74%. The signal is at the top.
This event shows that an upward movement in the prices of cryptocurrency while the bullish pressure becomes stronger in the long run.
Here is the long-term, medium-term and short-term perspective of the ADA / USD pair:
⦁ Long term – bullish
⦁ Medium-term – bearish
⦁ Short-term – bearish
If we find out that Bitcoin is recovering and returning to levels above $ 10,000, we must bring Cardano back to the levels they consider from 2 to 4 discount and switch to a year-end price from $ 0.15 to $ 3. Quest & # 39; last seems a high option possible.