Cardano (ADA) is recently being quite consistent and is continually moving upwards and thus it is becoming a great investment option for the traders and those who are new in the crypto market and want to invest in a cryptocurrency then Cardano (ADA) can be a great choice.
Cardano (ADA) is showing a bullish trend against the United States Dollar. As of writing this article Cardano (ADA) is trading at $0.0658. The Market Cap was $1.71 billion and the market volume was 25.93 billion. The main reason that is pushing the price of Cardano (ADA) is Cardano’s new product Cardano Shelley that will make Cardano network 100 percent decentralized. This new launch is already attracting investors and traders towards Cardano (ADA).
When the announcement by the Cardano network was made regarding the launch of Cardano Shelley the price of Cardano (ADA) token rose by almost 10 percent. This huge rise was seen only when the announcement regarding the launch was made, so when the product is really launched in the market the rise in the value of Cardano (ADA) will be much greater as can be expected.
So, undoubtedly the expectation regarding the price of Cardano (ADA) is quite bullish in the future both in the short-term and in the long-term. This makes an investment in Cardano quite profitable both for the traders and the investors. The price of Cardano (ADA) is expected to rise as high as $2 by the end of this year and the price of Cardano (ADA) can be expected to skyrocket to around $5 next year.