Cardano worth prediction for 2021 and future predictions

Cardano (ADA) – Forecast overview

ADA forecast: H1 2021
Price: $ 1.50-1.80
Price drivers: technical indicators, crypto market sentiment, Voltaire development.
ADA forecast: 1 year
Price: $ 2 – $ 3
Price drivers: Release of Voltaire, ERC20 Token Converter, Technical Diagrams
ADA prognosis: 3 years
Price: $ 10- $ 15
Price drivers: Cardano continues to develop, crypto market sentiment, international legislation

ADA, the home currency of the Cardano blockchain, has become one of the top cryptocurrencies in terms of market capitalization after its recent surge. This digital currency has risen more than 1,300% since November 2020 while 85% of the gains were made in February alone and they don’t seem to be stopping anytime soon. Cardano keeps making new highs as it hovers to $ 1.55 while the rest of the cryptocurrency market is in the midst of a deep correction that, incidentally, was long overdue.

Cardano was launched in 2017 and was initially quite low at around $ 0.05 until early November this year when the “gold rush” occurred for Cardano Cryptocurrencies sent them higher. Like the digital currencies that were valued very cheaply THERE IS, absolutely increased, and ADA / USD increased to 1.40 as shown on my crypto broker. But then the climb ended and Cardano ended up back where it started at 0.001. It stayed in that range until November 2020 when the uptrend started, and right now it is headed for the January 2018 highs it will soon hit, as the price action shows.

Recent changes to the Cardano ADA price

Period Change ($) Change%
1 month +0.16 + 17.6%
3 months +0.90 + 530%
6 months +0.97 + 645%
1 year +1.05 + 790%
Since 2017 +0.60 + 130%

Factors Affecting Cardano ADA / USD

Cardano (ADA), like all other digital currencies, is affected by the sentiment in the crypto market, which kept it really optimistic in late 2020 and early 2021. Comments on digital currencies from major investors and business people like Elon Musk are driving sentiment in this market. Though ADA ignored sentiment in the crypto market for the last week of February as it continued to march up while the rest of the market retreated down. One of the reasons for this is the new Cardano upgrades like the Mary Hard fork, which only went live on March 1st. They have drawn attention and funds pushing ADA / USD higher.

Cardano Live Chart

ADA / USD

Cardano ADA price prediction for the next 5 years

The Cardano Blockchain network was founded by a leading team of scientists and engineers, which makes it stand out from the crowd as it leads the crypto market in terms of new developments. This is one of the reasons for the sustained upward momentum while other cryptos have retreated deeper. It is now the third largest cryptocurrency by market capitalization at more than $ 38 billion [[Bitcoin]]and [[Ethereum]]. This cryptocurrency is based on peer-reviewed research that tries to bring it closer to the public by making it more adaptable. As a result, it is constantly subject to small changes. The crypto market declined in late February, but ADA held most of the gains.

The start of “Mary” hard fork

The ADA coin runs on the Cardano blockchain. Finally, on March 1st, the hard fork upgrade “Mary” was introduced, which means that it will become a multi-asset chain with its hard fork. With the hard fork, users can create new tokens that run on the Cardano blockchain as the native platform for these tokens, just like ADA. Activating new coins / tokens was one of the first major use cases that caught on for Ethereum and enabled the ICO (Initial Coin Offering) splurge of several billion dollars in 2017. Charles Hoskinson, co-founder of Ethereum said: “The transition should be fairly easy for node operators. All you have to do is update your software and everything should work fine. “We’ve been testing it for almost a month and the test looks good. The exchange is happy ”. Mary is now finally rolling out smart contracts to Cardano, which is a big step.

Further developments for Cardano

Cardano is a blockchain-based platform that is not needed need a walletFrederik Gregaard, the CEO of the Cardano Foundation, recently made the following statement while competing with other similar platforms such as Ethereum and EOS:

“I think the biggest competitors really are the biggest tech companies out there today, the big tech platforms like Google, Amazon, Tencent, Alibaba, and those kinds of players.”

He wants to bring all of these types of currencies together to give customers the full range of services instead of competing against each other and missing out on the boat the big companies are going to take. Charles Hoskinson also mentioned that they want the big companies to join their blockchain.

Recently, Cardano founder Charles Hoskinson added that Cardano has been negotiating with potential partners and many key companies in the industry such as Prime Trust, Celsius, Fireblocks, etc.

The Cardano team is working on a number of developments across all areas, including volatire. Voltaire’s goal, which encompasses the governance area of ​​the blockchain, is to develop Cardano into an outstanding platform for innovation management. Cardano will also publish Goguen – the first function of metadata transactions is already available. The next phase of moving from a single asset system to a multi-asset system will take place early next year to allow users to create their own tokens. In addition, the team is developing the ERC20 Token Converter function, which will simplify the migration from Ethereum to Cardano. Voltaire ensured accountability for Cardano’s funding. With Voltaire, the blockchain governance era, Cardano will eventually become one of the best innovation management platforms out there as thousands of people will participate in the blockchain accountability process.

Feeling for Cardano, which deviates from the crypto market

The mood for Cardano used to be pretty similar to the crypto market. But in the last week of February they seem to be parting pretty quickly. The crypto market has had one of its most bearish weeks in the past few months as Cardano continues to rise. During the crypto madness in late 2017, when ADA / USD rose to 1.40, and early 2018, when Cardano crashed again, sentiment was in line with the broader crypto market. For the next two years, this new market traded sideways and consolidated near the bottom, as did Cardano.

The major cryptos started rising in November while ADA / USD made only marginal gains. Cardano caught up with sentiment in the crypto market in January and February as the surge picked up again. But by the last week of February, Cardano and the rest of the market seem to be parting. While we have seen a sharp decline in most digital currencies, Cardano continues to climb, making new highs when it hovered around 1.55. One of the main reasons for the positive vibe in Cardano is the new EDO upgrade, as we explained above. This speaks for Cardano, because when the mood turns bullish again, this cryptocurrency will benefit even more.

Cardano ADA Technical Analysis – Will 20 SMA Catch Up Soon?

ADA / USD started a fairly low life, trading near $ 0.10 for a few months until November 2017 when the demand for cryptocurrencies subsided Bitcoin shoots up to $ 20,000while ADA rose to 1.40. The price started falling in January 2018 when the crypto gold rush ended, and by the end of that year that cryptocurrency had lost all profits. A support area formed around 0.02 below while moving averages resisted above until buyers pushed the price down to 0.1550 in July as cryptocurrency demand returned. The price eventually fell again, but ADA didn’t return almost all of its profits, as did some other cryptos. Instead, the rewind stopped on 50 high school (yellow), which seems to have turned from resistance to support. Although now, after the surge, it will be some time for the moving averages to catch up with the price, especially after last week’s surge that pushed the price to $ 1.55.

ADA / USD hit new highs this time around

On the monthly chart, the picture is even simpler. This picture shows a capital U with the big climb in late 2017 and the second climb still in progress. During this period, the 20 SMA (gray) were supported in late 2020 and the price rebounded strongly from this moving average. It’s a little early to say if Cardano will repeat the previous scenario, but considering that it is holding profits while other cryptos have returned 20-25%, I think we’ll see new highs in Cardano.

It will take time for the moving averages to catch up

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