ADA Current Price (ADA Future Price)

08/08/2023 20:28 • Crypto & Markets • 49 views

ADA is currently priced at 80 US dollars, according to the official Cardano website. The price has surpassed 100 US dollars since April 2019. According to CoinMarketCap, the spot price of ADA is 90.0 yuan with a 24-hour increase of about 8%. ADA made its first appearance in January 2018 and achieved great success in the following weeks.

According to the whitepaper and technical indicators released by ADA official, the goal of the project is to become the world’s first decentralized blockchain platform in the next three years.

ADA Future Price

Editor’s note: This article is from Cointelegraph China (ID: CointelegraphChina), written by JOSEPHYOUNG, and authorized to be republished by Odaily Star Daily.

According to Charles Hoskinson, the founder of Cardano, as people’s attention to ADA’s future price predictions increases and its adoption rate improves, it will become one of the highest market value cryptocurrencies.

In a recent research report, Hoskinson pointed out that “the volatility we are seeing is driving the price up.” He also added, “Although we believe the market is mature and will continue to grow,” he also warned investors of the risks associated with price declines. “I think now is a good time to buy ADA,” he explained, “it is not a good buying opportunity when the price drops significantly, but if there are significant price changes, it is not a good time to sell.”

According to his data, from 2018 to the end of 2021, the ADA price may reach $30 or higher, which is currently about $35 or lower, as prices may continue to rise. However, according to Hoskinson’s research, the token’s price should slightly decline compared to the current level when calculated in US dollars.

In early 2020, as major crypto assets such as Bitcoin entered the mainstream financial sector, this asset outperformed most other digital assets, including Bitcoin, Ethereum, and other altcoins. In the first quarter of 2020, this trend has been accelerating with the development of the market and the increasing number of projects in its ecosystem. Hoskinson also revealed, “Since January of this year, as prices have started to stabilize and grow, we will see strong performance of ADA – which is less impressive compared to the bull market in 2017.” Hoskinson said, “With the structural changes in the market, we will be able to invest through new asset categories while maintaining relatively high price levels, which is very feasible.” It is reported that by the end of 2019, Cardano’s total market capitalization was $5.22 billion, second only to Bitcoin and Tezos. Hoskinson mentioned, “We expect Cardano to achieve a huge milestone in 2020, and its trading volume is expected to exceed $1 million, and it is likely to soon reach a historical high of $5 billion to $20 billion.” Hoskinson further emphasized, “In the short term, ADA will be more sought after.” (Note: In the past year, with the continuous rise in prices, the market value of this asset has risen rapidly.)

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ADA Current Price (ADA Future Price)

ADA Future Price

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