Year in Review

Before we start this Cardano price prediction, let’s take a look at what did ADA cryptocurrency do in 2018.

ADA entered the last year like the rest of the markets, floating in a giant bubble fueled by the biggest bull run seen to date in cryptocurrency. During this time, ADA reached an all time high of $1.32, but just one month later, at the start of February, ADA dropped down to $0.27.

The slipping of Cardano’s price continued through February and March, as ADA fit into the the overall market’s downturn.

From April through May and into June, Cardano saw no major announcements and consequently, ADA failed to really make any significant movements.

During June, IOHK did however announce a rebrand of the Cardano project. This wasn’t an attempt to totally renew the idea of Cardano

October did present one of the biggest announcements from within the entire Cardano structure, a move from IOHK and Emurgo (two of the teams behind Cardano) to take over total control of the project from the Cardano Foundation, an entity that Charles Hoskinson did not believe was pulling its weight with regards to the progress of Cardano.

This, eventually let to the resignation of Michael parsons, the chairman of the Cardano Foundation in November 2018, allowing IOHK and Emurgo to take a more prominent lead in order to take the Cardano project to the next level, through 2019.

Cardano is set to drastically change its roadmap after the IOHK Summit that is supposed to be held in Miami on Apr. 17-18. The timer has been removed from the current roadmap page.  

The Cardano team intended to finish Shelley by Q3 2018, but the development deadlines have been extended to Q1 2019. And this is one of the biggest events for Cardano since its inception.

Shelley is the second phase of Cardano roadmap that will make its blockchain actually decentralized. ADA is currently in Byron, the bootstrap phase, where they are making improvements and debugging the code.

Shelley consists of 3 main functions:

After implementing Shelley phase, ADA is set out to introduce the Cardano Improvement Proposals, or CIPs with a built voting system, details of which will be released soon. Initially, IOHK will make all CIPs, there will, however, be an increasingly better mechanism for gaining consent for them.

Part of the ongoing projects is scientific research that has made possible a gradual shift from the lab to coding. This has facilitated the revision of Ouroboros and has also brought together game theorists as well as programming experts to try and identify new applications for the Cardano ADA network.

Tron – TRX: Price Forecast for 2019

You can’t build anything remotely serious on Ethereum right now. You can’t say “sorry, our enterprise grade application for banks is not working since Cryptokitties got popular again”. And that’s just scalability. You need regulations to be in place too. Businesses need to know what we can and can’t legally do within this space. Besides scale, that’s the biggest factor holding us back. The security part of Ethereum is icky at best too.

Either Ethereum scales, or everyone moves on to the next protocol and if Shelley does what it promises, Cardano is going to be the prime candidate to take over the throne.

Overall, the Cardano roadmap has five phases — Byron, Shelley, Goguen, Basho, and Voltaire.

In the Goguen phase that is also already underway, the focus will be on the Universal Language framework development, IELE development, and security improvements. For investors, this phase is where the token will gain more utility with the execution of complex smart contracts. Other phases will not start before 2020.

Read our updated guide on best trading bots.

The Basho phase will improve scalability, security, and performance by implementing a revised network layer as well as Ouroboros Praos, the next generation protocol of Cardano’s Proof of Stake consensus algorithm.

The Voltaire phase is the final phase of Cardano’s current roadmap. In Voltaire, we will see the implementation of a treasury system and a governance model.

The vast majority of trading that occurs in the crypto markets are between BTC and Altcoin trading pairs. Since most Altcoins do not pair with fiat currencies (and only a few are paired with stable coins like USTD), Bitcoin is the next best option. Therefore, when Bitcoin is stable, it forms as the ideal base currency for buying Altcoins (which is why Altcoins tend to do well when Bitcoin goes sideways).

Read our updated review of Cex.io exchange here.

Correlation is measured on a scale from -1 to 1. Values above 0 shows the degree to which altcoin is moving in the same direction as BTC prices (either up or down in tandem), and values below 0 shows the degree to which altcoin moves in the opposite direction of BTC prices (so when BTC goes down, altcoin goes up, or vice versa). Values around 0 shows that when BTC price moves, altcoins stays steady, or alternatively that when altcoin moves up or down that the BTC price is staying steady.

Read also: Stellar XLM Price Prediction for 2019

ADA has had a correlation coefficient of 0.90+ for the most of its market life, with occasional drop to zero territory mostly due to the fact ADA couldn’t follow suit bitcoin’s sudden jolts upwards; as shown on the image below – source.

Important notice before we delve deeper into the quivery land of crypto predictions – all of ours and other people’s forecasts should be taken with a grain of salt and should be looked at as a very vague indication of project’s value. Short term analysis and predictions offered by diverse traders and their groups also belong to this category, although they could have some merit if the crypto signals are offered by real pros and experienced TA people.

ADA, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, ADA can hope for one as well. Since that is very unlikely, don’t expect much to change for ADA price-wise in this year. So 2019 will be a year of boring sideways action with minor bitcoin ignited jumps and slumps.

As a result of the ICO mania of 2017, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will ADA be among those 5%?

Hard to tell but probability for that is fairly solid as ADA has built a reputation of an academic and serious project that might move slow, but radiates professionalism and instills trust in their hodlers. Charles Hoskinson is firmly maneuvering almost all aspects of the project: from the code development to business activities along with interacting with community and keeping them in the loop.

In 2019, ADA needs to make sure not to miss any deadlines (like they used to in the past) and deliver what they promise to keep their spot under the sun of crowded dapps platforms niche.

Considering Ethereum is still a hot mess with their complete system revamp going on, ADA has a unique opportunity to seize the throne from Ethereum and become the default dapps platform for the future.

So what can cause ADA to rise and go up in price?

Cardano has a fantastic team of academics and developers from all over the world. The team is professional and work-focused, never discussing the price action of ADA token which is a good indication of correct attitude.
Cardano really focuses on scalability and sustainability. Currently, many blockchains require a copy of the entire blockchain while processing a transaction, which will slow down transaction time drastically as user adoption increases. Cardano aims to mitigate this scalability issue.
Bottom line, main pillars for Cardano’s bright future are its strong team, testing and verifying first approach to solving blockchain problems, strong community, good brand recognition and good liquidity.

Read our updated guide on best ADA wallets.

Cardano could also end up being one big nothing but we see low probability for that to happen.

Small warchest to fund their roadmap, team fatigue or infights or rogue member that could disrupt the development are all possibilities that could lead to failure of any project, ADA included. However, the biggest threat to Cardano is one of their biggest advantages: their development philosophy. It could very well be that their slow and steady approach renders them obsolete if the competitors make breakthroughs in their technologies. Ethereum is moving fast and breaking (and fixing) things while ADA’s philosophy of “ounce of prevention is worth a pound of cure” is inherently lagging.

Reaching $1 is in realm of possibility especially if we know ADA already was on those highs – its ATH is $1.33. However, getting to the $10 or eve $100 is a lot less likely, just take a look at the numbers: for ADA to reach $10, it would mean it has to grow 125x and have a market cap of $262 billion. If we assume that ADA/BTC price ratio stays the same, that would mean bitcoin would be $650k and have a market cap of $11.5 trillion. A bit too dreamy, isn’t it?

No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on all major exchanges which indicates that ADA is far from a dead project.

All of this summed up means one thing: ADA might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market. 

Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect ADA will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.

With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate. Price predictions are a thankless task.

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Cardano (ADA) price, which will give us another point of view to consider:

Forecasting machine at WalletInvestor is spews out a not too optimistic future price for ADA coin: in the last month of the year, Cardano price will be at $0.0172 according to this site.

Much more favorable stance towards ADA’s year has a prediction algo at cryptoground.com that sees ADA tripling its value to $0.13 by the end of the year. This Cardano price prediction is surely a more welcome sight for ADA coin hodlers.

 Smartereum author Adam Web believes that the future of ADA is bright where he claimed that the one-year forecast for an ADA token is around $2.50, with the potential to reach roughly $10 in 5 years time.

Read our updated guide on most profitable coins to mine.

Crypto town is a website which gives out technical analysis for short-term and long-term predictions for various cryptocurrencies. According to them, Cardano will increase by 200% in 2019 to that of the price achieved by the end of 2018, which will be roughly $0.06, which looks like a conservative prediction for ADA.

]If everything goes well with their roadmap, Shelly and Goguen hit the ground running, ADA might see its ATH value from 2017 – meaning it could go above $1 again.

The post Cardano (ADA) Price Prediction 2020 | 2025 | 2030 – Future Forecast For ADA Price appeared first on CaptainAltcoin.

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