Cardano is a cryptocurrency that has been at the top of coinmarketcap for ages. The platform was established to improve the scalability problems of Ethereum. Through smart techniques they not only try to increase the capacity of the blockchain, but they have also developed a model to remain active for the long term.
In this article we discuss the Cardano price and the Cardano price prediction for the future.
What is the strength of Cardano?
The blockchain project Cardano has been developed to offer users a platform for smart contracts. Developers can also develop applications on the platform. The big difference between Cardano and, for example Ethereum or NEO, is that Cardano uses Sidechains.
Because of these sidechains the blockchain can in theory handle many more transactions. Normally it becomes more difficult to check all transactions on a blockchain as the number of users and transactions increases. With Cardano and the sidechains the blockchain is spared so in theory many more transactions per second can be done.
Another great strength of Cardano is the Treasury model. Many crypto projects take their money from an ICO, but see this slowly shrinking as it is spent. Cardano has developed a model for the future with the Treasury model.
A small percentage of every ADA transaction is put into the Treasury, the development of which can be paid for. These kinds of things ensure that the future of the Cardano share price looks good. The Cardano price prediction is therefore positive.
About the Cardano price and the Cardano price prediction
Japan is one of the largest countries for Cardano and the ADA coin and this is a large market, it is not for nothing called the Ethereum of Japan. Depending on future regulations this can be positive for Cardano.
With the Proof of Stake mechanism that controls the blockchain, every user has an incentive to invest in ADA. You can passively earn extra Cardano by making it available to the network.
You can also use the sidechains to control the blockchain, which gives you a positive Cardano price expectation. Depending on the extent to which the project will develop, it will have to be shown how positive it will be. The more people that will use the project, the better it will be for the ADA value.
Historical Cardano prices
Like any other project, Cardano has seen great ups and downs since the start. For example, Cardano originated from an ICO and raised over $62 million in January 2017. ADA then went over the counter for $0.0024. Cardano’s All Time High was on January 4, 2018 and amounted to $1.1621, a considerable increase compared to the ICO price. The current Cardano price can be found below:
Cardano price forecast 2020 – 2026
Many people agree that the coming years will be good for Cardano. The people behind the project know what they are doing and clear plans have been made for the future. Also, Japan has always proven to be a good market for crypto projects. The level of the Cardano price prediction depends on the extent to which the project is able to develop and the amount of people who will be working on the project.
Is all this going with the wind for Cardano? We can expect some great price increases. You can find the ADA price predictions for the future here:
2020: $ 0,1895
2021: $ 0,2239
2022: $ 0,2576
2023: $ 0,3174
2024: $ 0,2341
2025: $ 0,3377
2026: $ 0,4523
Every prediction on the internet should of course be taken with a grain of salt. But it is clear that the expectations are good. Of course, this still depends on the number of new developments Cardano itself does. Have you decided that ADA is a good addition to your portfolio? Buying Cardano can be done cheap on this exchange.