Cardano (ADA) entered last year as the rest of the markets, floating in a giant bubble fueled by the biggest uptrend observed so far in cryptocurrency. Meanwhile, ADA hit a record $ 1.32, but barely a month later, early February, ADA dropped to $ 0.27.The decline in the price of Cardano continued in February and March, ADA becoming part of the general market slump. From April to May and until June, Cardano did not see any major announcements and, as a result, ADA failed to make significant moves.
The news of Cardano ADA over the last few weeks focuses on Cardano Shelly’s upgrade and how it will change the game forever. Cardano, like many other blockchains, has not been published in final form. That’s why the Cardano development team created a roadmap with a list of Cardano upgrades that would eventually lead the blockchain to its final stage, Cardano Shelly.
What the Heck is Cardano Shelly?
Of the many third-generation block chains that have been created, Cardano is one of the few to have disruptive capabilities. With Cardano Shelly, the blockchain would achieve what no other blockchain has been able to achieve so far – complete decentralization. At the IOHK Summit, Charles Hoskinson announced that Shelly would be released in 2020. This announcement will strengthen the price forecast for Cardano 2019.
Cardano Shelly will offer many new features. This would release financial incentives for stakeholders, facilitate the delegation of rights and provide more opportunities for community members. Investor anticipation ahead of this upgrade may push Cardano ADA’s price up to $ 0.3 by the end of 2019. Within two years, according to Cardano’s prediction of cryptographic news, the price could reach $ 5. In the next five years and with Cardano Shelly fully implemented, the price of Cardano can reach $ 10.
Cardano’s roadmap, which will be completed in 2019, includes a long list of development upgrades. These upgrades will enhance Cardano’s blockchain and promote its adoption. Do not forget that the Cardano network also relies on a strong community. Therefore, going up to $ 1 by the end of the year is not an unrealistic prediction for the price of Cardano ADA. Remember, there is no guarantee that the price of the ADA will reach $ 1. Therefore, before deciding to invest capital, be sure to spend only your reserve money in case the forecast does not occur.
Reaching $1 is a possibility, especially if we know that the ADA has already peaked – its ATH is $ 1.33. However, it is much less likely to reach the $ 10 or $ 100, just look at the numbers: for ADA to reach $ 10, this would imply a growth of 125 times and a market capitalization of $ 262 billion. If we assume that the ADA / BTC price ratio remains unchanged, it would mean that the bitcoin would be $ 650,000 and the market capitalization $ 11.5 trillion. A little too dreamy, is not it?
ADA, like the rest of the market, is at the center of Bitcoin’s price action. If Bitcoin embarks on a new race, ADA can also hope for one. Since this is very unlikely, do not expect much change for the ADA award this year. So 2019 will be a boring year of side action with small jumps and sags caused by Bitcoin.