Cardano [ADA] Price Prediction 2018: ADA strives to touch $0.160
After trading below $0.125 last week, Cardano [ADA] has picked up its values and is currently exhibiting a stable trend. Cardano has announced the launch of its Shelley update in Q1 of 2019. ADA enthusiasts eagerly await this update for the technology behind the cryptocurrency will become fully decentralized and autonomous.
Cardano [ADA] Technical Analysis
Cardano prices are exhibiting a stable uptrend. The prices found support at $0.150 and rose to touch the intraday high recorded at $0.1568. The prices are trying to surpass the current resistance level noted at $0.155. The 100 EMA line is exhibiting an uptrend and the MACD is traced in the bullish zone. The significant trading area for today is from $0.1499 to $0.1579. ADA is struggling to break the $ 0.160. If the prices touch $0.160 mark the prices might experience seller pressure and display a reversal in trends. As of 1030 GMT ADA is trading at$0.1528 with a market cap of $3.9 billion and is losing against USD by 2.73%.
Cardano is dipping aginst Bitcoin by 1.24%. At the time of writing one ADA is equal to 0.00002261 BTC.
Cardano Price Predictions 2018, 2020
According to Smartereum, the one-year forecast of Cardano is around $ 2.5. This means a rise of around 6 times in a single year. The ADA price prediction for 5 years is at $10. According to Walletinvestor, ADA price prediction for 2018 is $0.418. That is a 35% investment return on the current price of $0.307. According to Oracletimes, ADA price by the end of 2018 is $1.50.
Ran Neu-Ner, who hosts CNBC Africa’s Crypto Trader program, told Cardano is an undervalued altcoin. He said so while predicting the next successful currency and on the list were ADA and NEO. While speaking about his interest in Cardano, he said,”It’s a blockchain protocol. Which I think is highly undervalued.” The company’s CEO, Hokinson’s discussion with Google has also extended a positive edge to the digital currency. Google is in discussions with Cardano about the future of blockchain and crypto application.
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