ADA price forecast: Is ADA worth buying after it became the third most developed project?

ADA price forecast: Is ADA worth buying after it became the third most developed project?
фото показано с : invezz.com

2022-2-21 14:41

Cardano ADA/USD is a blockchain network that enables multiple functionalities, including smart contracts, decentralized finance, and decentralized application development.

ADA is the native cryptocurrency token that powers the Cardano blockchain, and anyone with a cryptocurrency wallet can send and receive ADA tokens.

Cardano active development as a catalyst for growth

On January 24, we covered how Cardano (ADA) dipped in value under $1 during the market crash. ADA now has a chance to break the $1 price barrier.

Cardano is one of the most actively-developed blockchain networks within the cryptocurrency industry, according to Coin98 analytics in a tweet posted on February 19, 2022. 

According to the activity contributors count, Cardano currently remains in third place in regards to the number of contributions.

At the time of the announcement, Cardano had approximately 120 daily active contributors, all of which are constantly working on the development of the network.

This could be attributed to the launch of smart contracts technology for the Cardano blockchain, as more developers have, as a result of that, started to utilize the network and have released a variety of different use-cases.

These developments can contribute to the growth of the Cardano (ADA) token.

Should you buy Cardano (ADA)?

On February 21, 2022, Cardano (ADA) had a value of $0.9687.

To get a better perspective as to what kind of value point this is for the Cardano (ADA) token, we will be going over it’s all-time high point of value, alongside the performance the token showcased throughout the previous month.

The all-time high value of Cardano (ADA) was on September 2, 2021, when the token reached a value of $3.09. This means that at its ATH, the token was $2.1213 higher in value or by 219%.

Discussing the performance of the token throughout the previous month, Cardano (ADA) had its highest point of value on January 18, when It reached a value of $1.6245.

Its lowest point of value, however, was on January 24, when the token decreased to a value of $0.9668. Here, we can see that the token saw a decrease in value of $0.6577 or by 40%.

With all of this in mind, at $0.9687, ADA is a solid buy as it can reach $1.2 by the end of March 2022.

The post ADA price forecast: Is ADA worth buying after it became the third most developed project? appeared first on Invezz.

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Cardano (ADA) на Currencies.ru

$ 1.0299 (-1.32%)
Объем 24H $1.585b
Изменеия 24h: -3.89 %, 7d: 1.90 %
Cегодня L: $1.0299 - H: $1.0785
Капитализация $36.168b Rank 9
Цена в час новости $ 0.9107 (13.09%)

ada cryptocurrency cardano blockchain decentralized finance development

Источник: invezz.com

ada cryptocurrency → Результатов: 126


Cardano Price Analysis ADA / USD: Changing Orbits

Cardano has a bullish short-term trading bias, with the cryptocurrency still holding above its 200-period moving average The medium-term prospects for the ADA / USD pair remain strongly bullish Both time frames show formation of bullish inverted head and shoulders patterns Cardano / USD Short-term price analysis Cardano has a bullish short-term trading bias, with […] The post Cardano Price Analysis ADA / USD: Changing Orbits appeared first on Crypto Briefing.

2019-5-23 16:58


ADA / USD Price Analysis: Corrective Pullback

Cardano has a bullish short-term bias, with the cryptocurrency still trading well above its 200-period moving average The daily time frame chart is showing a large inverted head and shoulders pattern Bullish MACD price divergence remains present on the daily time frame chart from May last year Cardano / USD Short-term price analysis Cardano maintains […] The post ADA / USD Price Analysis: Corrective Pullback appeared first on Crypto Briefing.

2019-4-20 17:13


Cardano [ADA]: We will emerge from 2019 more decentralized than any other network, says Charles Hoskinson

Proponents of the cryptospace have made it their goal to inform users in the community about the developments on the network, as well as the future of their respective cryptocurrencies. In a recent panel discussion with Unblocked, Charles Hoskinson, the Chief Executive Officer of IOHK spoke about the choice of viable technologies in the cryptocurrency […] The post Cardano [ADA]: We will emerge from 2019 more decentralized than any other network, says Charles Hoskinson appeared first on AMBCrypto.

2019-4-12 12:30


BTC to Have First Bullish 20-200 SMA Cross since Oct 2015, EOS & ADA Leading Top Crypto Gains

The crypto market is in green with the total market cap going to $183 billion yet again. Bitcoin according to crypto trader Credible Crypto is in a similar position as the Ethereum. From a technical point of view, the similarities are in the possibility of the leading cryptocurrency being in a “larger running triangle.” As […]

2019-4-10 21:12


Фото:

Blockchain Board of Derivatives (BBOD) Rates Cardano (ADA) As ‘Accumulate’ in Its Fundamental Analysis

Cardano (ADA) is a decentralized blockchain protocol that addresses the challenges gripping existing networks by utilizing scientific research and philosophy at its core, said the Blockchain Board of Derivatives (BBOD) on its official research blog that analyzes a number of blockchain projects published on April 2.

2019-4-5 15:34


Cardano (ADA) and Binance Coin (BNB) Are the Only Top 10 Crypto With ~50% Real Trading Volume According to OpenMarketCap

A new Reddit thread trending on the Cardano cryptocurrency subreddit raises some interesting statistics about fake crypto exchange volume,… The post Cardano (ADA) and Binance Coin (BNB) Are the Only Top 10 Crypto With ~50% Real Trading Volume According to OpenMarketCap appeared first on Invest In Blockchain.

2019-4-3 20:33


Cardano’s Charles Hoskinson says the cryptoverse is looking for a WiFi or a Bluetooth moment

Cardano [ADA] Founder, Charles Hoskinson recently said that the cryptocurrency industry was looking for WiFi or a Bluetooth moment. Drawing parallels between cryptocurrency and its underlying technology’s revolution to existing technologies like WiFi and Bluetooth, Hoskinson said that the industry is not on the same level yet.

2019-3-30 08:35


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