Cardano (ADA) is an open-source blockchain-based technology which allows users to use smart contracts for developing decentralize applications alongside with making blockchain based transactions with the network. Although ADA has reached an all-time high of over 1$ back in January when there was a massive way of getting all-time highs across the crypto market, we can see ADA trading at just above 0.19$ per one unit However, due to its volatility levels, cryptoanalysts and market experts have predicted that ADA could easily reach a price of 10$ per one unit in the course of 5 years, Here is why it is believed that ADA could reach the mentioned value in the following years.
Cardano and Stability in the Market
There are a couple of ways that you can collect gains from working with cryptocurrencies. These can either make up for a long-term gain or a short-term profit, so if we are to place investing in Cardano in one of those categories, it could definitely fit the frame of a long-term gainer, which makes it a definite keeper.
Cardano is currently holding the 8th spot on the global coin ranking list while keeping up with top currencies even though it is now worth a bit over 0.19$ per one coin.
However, if you take a look at ADA’s charts over its lifetime, you will notice that ADA didn’t have radical ups and downs in the market unlike most of its peers.
Take Bitcoin for example. While BTC was worth 20.000$ at one moment, it dropped to as low as around 7.500$ per one BTC unit, showing how unstable volatility levels as well as liquidity.
In oppose to the market currents, where we can see the entire market occasionally being hit by massive waves of drops that affect all the currencies at once, Cardano just like any other crypto is hopeless, and that is why it lost its all-time high that was set back in January of 2018 alongside with its crypto peers.
However, you will also be able to see on ADA’s charts that the drops that this crypto experienced at the times of tough currents in the market weren’t as radical as seen on charts of other top currencies.
For instance, Bitcoin has dropped from 10.000$ to 7.000 in the course of only several months, while Cardano didn‘t go too far from its record price of 1$ per one unit, which gives us an insight into its stability in oppose to the market and other cryptos from the top ten list with the exception of several currencies such as Tron (TRX) that also didn’t suffer from radical drops but have showed to be a neat option for a long-term HODL.
That being said, it is possible to see Cardano reaching the predicted price of 10$ per one unit in the course of the next 5 years, which is backed up by ADA’s volatility and liquidity in oppose to the crypto market.
The Future of Cardano and ADA
Cardano ADA team has recently announced that their Cardano Telegram now has 10.000 subscribers, stressing out that the ADA community is growing. With making a more than favorable long-term investment based on its previous performance in the market, it is predicted that ADA could reach the price of 10$ per one unit whereas now ADA can be traded at the price of 0.19$, which is the final result of the last change in the market that took place in the last 24 hours.
The market is currently dropping in mass, so ADA is going down as well.
As far as the future of Cardano concerned, the team will need to fulfill a handful of milestones in the roadmap of Cardano in order to become “eligible” for the predicted price, but given the fact that Cardano represents an open-source platform for fast transactions and creating decentralized applications with smart contracts, this crypto can compete with big platforms like Ethereum, or the latest addition to the ecosystem of blockchain platforms, the TRON main net which aims to take Ethereum down.
Since Cardano is working on solving the most present problems in the world of blockchain, like scalability and ecosystem and system governance, it is considered that ADA could potentially surpass some of the top coins that are currently ranked above it.
However, while some analysts advise that the time for paying attention to ADA is now while the price is still far from 1$ per one ADA unit, the other side of the crypto community claims that the market is still feeling the sluggish trends of the constantly dropping prices.
Whichever the case, it is said that the team behind ADA is working on some changes that could potentially sky-rocket this crypto in the following months and even perhaps pave its way to that predicted price of 10$ per one Cardano ADA unit.