Cardano (ADA) Price Prediction 2021: Market Analysis and Opinions

Cardano Price Prediction: Technical Analysis

For most of 2020, ADA price was largely static at around the $0.10 range. However, in late December, Cardano started recording impressive gains that continued into the beginning of 2021, when the altcoin touched the $0.2 mark. Since then, the coin has been on a bullish streak, rising to cross the $1.0 mark on February 20th. For a coin that was trading at lows of 0.12 in December, its meteoric rise stunned the cryptocurrency community.

Cardano Price Prediction: Market Opinions

Before we make our ADA price prediction, we will assess what cryptocurrency price prediction sites have to say concerning the coin. We will then analyze the opinions and offer our Cardano price prediction.

Price Prediction Sites

Tradingbeasts

Cryptocurrency Experts and Influencers

This year, we have seen the price of altcoins shoot to hit their ATH’s, thanks to the notable contributions of influencers. Specifically, Elon Musk has been very active in pushing the hype in the cryptocurrency market through his tweets.

Latest News and Happenings Concerning Cardano

As already discussed, the ADA price surge from lows of $0.10 to highs of $2.0 in 2021 within a short time frame because of certain developments. Notably, the Shelly, Mary, and Goguen hard forks have made the network more utility-oriented, thereby making it attractive for large-scale adoption.

Cardano Price Prediction: Verdict

Undoubtedly, 2021 has been the year for most altcoins. Despite the contribution of notable personalities, such as Elon Musk, Cardano has made several milestones in its architecture. Soon, the improvement will see it gain acceptance among developers and even pose a challenge to Ethereum. With Ethereum facing challenges of scalability and mounting cost of GAS, Cardano is working to ensure that it becomes the go-to blockchain for smart contract execution.

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Coindoo

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Coindoo, a digital media and information services website operating in the cryptocurrency and blockchain industry. https://coindoo.com/