ADA Price Prediction 2022-2026-Will ADA Price Hit $1.8 By The End Of 2022?

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Overview of Third Generation Crypto - Cardano

ADA was created as the native token of the Cardano blockchain. Cardano blockchain uses the proof-of-stake mechanism which consumes less amount of energy when compared to the proof-of-work mechanism. To ensure the durability of all processes in the blockchain, it ensures that all suggestions for upgrades are challenged through peer-to-peer review. Its recent upgrade to Alonzo hard fork had ensured that users can develop and deploy decentralized applications (Dapps) in its blockchain, which is more than 50-100 times more efficient than other blockchains after it had the Shelley upgrade. What is Cardano (ADA)? Cardano is an open-source blockchain that was created in 2017 and named after a 16th-century Italian polymath, Gerolamo Cardano. Its native token was named after Lovelace Ada who was assumed to be the first Computer programmer in the world. It was founded by Charles Hoskinson who was a co-founder of Ethereum blockchain before establishing it. The essence of the Cardano blockchain is to ensure that decentralized applications and smart contracts can be created with ease by individuals with little skill in programming. Cardano blockchain ensures that credentials are protected, counterfeit goods are discovered and agricultural products are converted to finished products from their raw state. Now, let’s see the ADA price analysis for the coming years. Price Analysis of Cardano (ADA) Flashback: Fundamental Analysis of ADA There is a piece of recent news that the number of public wallets in the Cardano network is moving close to 3.5 million as it is presently at 3,494,888 according to data provided by Messari on-chain. In this number, it was discovered that most of the hodlers of ADA, are hodling the coin since they believe in the future of the project and only about 136,800 wallets are active. This news can trigger more buying activities since investors love projects with the long-term prospects. Also, the recent news that as of March 11th, 2021 there are about 517 projects that had been built on the Cardano blockchain since its upgrade to Alonzo hard fork in September 2021, came as good news to ADA holders. This is because of the different areas of cryptocurrencies such as decentralized finance (DEFI), non-fungible tokens (NFTs), and others. This will lead to faster adoption of the ADA token as the Cardano developers are already in the next phase of its development which is the Goguen upgrade. Now, let’s look at charts to see what some indicators are saying about the future of Cardano (ADA). https://www.tradingview.com/x/WiJsVKq7/ The link above for the 1day chart of ADA/USDT shows that it has a relative strength index (RSI) value of 39.11. This means that the present trend is weak or neutral since it lies between 30 and 50. However, since it is forming a double bottom, the buyers might have their way which will lead to a strong bullish run that would push this RSI above 50. https://www.tradingview.com/x/ZoC4U6go/ The link above shows the 1day chart of ADA/USDT with the 200-MA and 100-MA. However, since the 200-MA is above the 100-MA, we can deduce that the future price of ADA is positive. https://www.tradingview.com/x/ViXgSxh0/ The link above shows the 1day chart of ADA/USDT using the Keltner Channel indicator. But the candlesticks of ADA is presently within the first half of the channel from the bottom, which means that ADA might experience a bullish future for some days. The section below explains the price prediction of Cardano (ADA) for the next five years. Cardano (ADA) Price Prediction 2022 The price range of ADA in the first quarter of 2022 is between $0.75 and $1. By the end of the second quarter, it might get to $1.3. However, in the third quarter, it might drop to $1.2 before rising close to $1.8 by the end of 2022. Cardano (ADA) Price Prediction 2023 The price range of ADA in the first quarter of 2023 is between $1.55 and $2. By the end of the second quarter, it might get to $2.2. However, in the third quarter, it might rise to $3 before closing at $3.5 by the end of 2023. Cardano (ADA) Price Prediction 2024 The price range of ADA in the first quarter of 2024 is between $2.5 and $4.5. By the end of the second quarter, it might get to $4.9. However, in the third quarter, it might rise to $5 before closing at $5.5 by the end of 2024. Cardano (ADA) Price Prediction 2025 The price range of ADA in the first quarter of 2025 is between $5 and $6.5. By the end of the second quarter, it might get to $7. However, in the third quarter, it might rise to $7.5 before closing at $9 by the end of 2025. Cardano (ADA) Price Prediction 2026 The price range of ADA in the first quarter of 2026 is between $6.5 and $12. By … Continued

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Time Stamp: March 14, 2022