Cardano is a public blockchain driven by scientific approach philosophy and founded by Charles Hoskinson, Ethereum co-founder and CEO of IOHK, a team of engineers building Cardano until 2020 year on a paid basis. The network runs on a Proof-of-Stake consensus algorithm called Ouroboros. Cardano team has the ambitious plan to create interoperable, secure & scalable multi-asset ledger with a platform for verifiable smart-contracts.
The first step Cardano was the establishment of the blockchain’s settlement layer – the ADA cryptocurrency as a native digital currency of the network. Once development on this layer is complete, the team will move on to the more complex ‘computing layer’ that will introduce smart contract functionality.
Find more about Cardano’s technology an structure in our “What is Cardano?” project review. Here, we will observe and analyze different ADA coin price predictions and bring our own forecast in the end.Cardano (ADA) 2018 Price Analysis
After the whole market dropped since the 2017 bullish heights, Cardano price showed a strong stability that is not often seen in the industry. The measured, peer-reviewed pace of the coin does not lend itself to sudden bombshell news that would rock the established price. Instead, ADA should be considered as long-term, safer investment vehicle.Ada price chart from Jan, 2018 to Jan 2019 on Coin360.com
At the height of the cryptocurrency boom, Cardano price value raised to $1.33 per coin and it was very close to touch this level in 2019 year.
Current ADA’s market capitalization is $1,145,889,096 USD which is more than twice lower from YTD value. But that’s not something special as the closest competitors also lost lots of market cap. For example, Ethereum’s market cap decreased from $28,890,000,000 to $19,013,000,000 YTD, and EOS has lost from $2,000,000,000 since then.Early & Mid 2019 ADA Price Analysis
After a prolonged 2018 bear market, the ...