Cardano is a delegated Proof of Stake blockchain (dPoS), that supports smart contracts similar to Ethereum. The marketing of this project propagates a scientific approach. The development under Charles Hoskinson is rather slow, with multiple deadlines already pushed forward. On the other hand, the Basho update should be coming soon, around Q2-Q3 of 2022. This update is highly anticipated by investors, and should have a positive impact on the valuation of the Cardano project.

Since September 2021, Cardano has been on a downtrend. This happened as soon as ADA price reached its all-time high price of $3. The price adjustment was expected to happen. However, in November 2021, the entire crypto market crashed, bringing ADA prices further down. When Cardano price dropped lower than the psychological price of $1, traders and investors rushed to buy Cardano. This made prices jump by more than 50% within 2 weeks! Following this price surge, a correction is very normal to happen.

Since we are in the midst of the crypto adjustment, and since ADA prices just soared 50%, it is a good idea to wait before buying. If we closely look at figure 2 below, the Fibonacci retracement points out to the 50% retracement level, which coincides with the psychological price of $1.

We are currently very close to the $1 zone. Traders and investors can choose to open positions around that area depending on their risk tolerance, as price might revert upwards from the current price. A sensible stop-loss would be right below the $1 price area. It is always good to have wide stop-losses to hedge heavy market fluctuations.

Cardano price $2 is an inevitable thing when the crypto market rallies back and goes into a renewed uptrend. On the other hand, we need to focus on the current market dynamics.

The market is adjusting lower today, especially Cardano after a 50% price increase. With the current price being right above $1, this represents the perfect opportunity to place a buy order and definitely a stop-loss. We can currently confirm that prices are back on their uptrend once the price of $1.2 breaks, as currently this is a strong resistance area. In figure 3, we can clearly see how ADA price got rejected several times. Once this level is broken higher, the next target would be the $1.5 price.

The price of Cardano’s ADA token also still has enormous growth potential. Right now the ADA price is extremely low due to the last major correction. But how high can Cardano go and is it worth investing now?

Cardano is a blockchain network created by former Ethereum co-founder Charles Hoskinson. The project started in 2015. Behind the project is the Cardano Foundation, which has set itself the goal of researching the difficulties of previous blockchains, finding solutions to these difficulties, and then integrating these advances into the Cardano blockchain. 

Cardano is being further developed according to scientific standards. The Cardano Foundation works evidence-based and has thus created what is probably the most technically mature blockchain on the market in recent years. Above all, the security is hardly better on another blockchain. The blockchain uses the proof-of-stake consensus mechanism, which keeps transaction costs low.

In recent months, there has been repeated criticism that Cardano is said to be too academic and puts economic efficiency in the background. Smart contracts were only fully implemented half a year ago. But the developers basically want to think long-term and develop the blockchain sustainably.

Cardano is further developing its blockchain for the long term and sustainably. As a result, the network is often overshadowed by hyped projects such as Solana, Avalanche, and Terra in the short and medium-term. But patient development ensures a level of technical excellence that could pay off in the long run. There are 5 development stages, of which the network is now in stage 4:

1. Bryon : Developing the basics of the blockchain
2. Shelley : Creation of the decentralized structures
3. Goguen : Introducing Smart Contracts
4. Basho : Increased scalability
5. Voltaire : Introduction of governance functions

The ADA token is the internal currency of the Cardano network. It was already developed at Byron and is required to carry out transactions in the Cardano network. ADA holders are involved in the network and will have more and more say over the future of the blockchain over the next few years. There is a maximum supply of 45 billion ADA, making the number of tokens finite.

The ADA price rose sharply in the last 12 months and then fell again. The price skyrocketed, especially in the fall, when Cardano smart contracts were launched there, sparking hype on the ADA. The ADA price even rose to over 3 dollars. It hit an all-time high of $3.10 on September 2nd. 

In the last 6 months, the course fell again. This was initially because other cryptocurrencies such as Solana and Avalanche experienced hype and attracted attention with high transaction speeds. Since December, the downtrend has intensified as the overall market went into a sharp correction. At the moment the price is 0.85 US dollars (as of 03/17/2022). With this oversold price, and looking at their project development status, it sounds like a good buy price.

The price of Cardano’s ADA token should be extremely low in the long-term right now. This is for the following reasons:

• The market is bearish at the moment. Over the past 3-4 months, cryptocurrency prices have been falling due to many negative factors.
• Cardano is at the beginning of its 4th development phase. Cardano is currently quiet , which means that the price remains low at the moment. 

Many analysts see a price of $10 for an ADA token as realistic in the long term. This makes sense as a fourfold increase from the old all-time high ($3) in the next bull market seems very realistic. Cryptocurrency fans believe that at the end of its development, Cardano could become the dominant cryptocurrency in 5-10 years. They see a potential of $100 per ADA token. In any case, the current price is a good entry point. 

You can now buy the ADA token cheaply on the crypto exchanges  Coinbase  and  Kraken  .

All that rhetoric that blockchain establishes in the form of trust, transparency, and security goes for a flip. This happens when you cannot use a technology to power up ambitious sectors like finance due to scalability challenges. Having said that, what happens when blockchain projects encounter conflicts within their own community, an unavoidable hard fork, and a long period of contention among investors to choose the right coin post the hard fork.

What would you say to an idea where true decentralization can be inducted to power up the project? Preferably, one would say that it might be next to impossible to get the community to vote on everything and then develop, instead of vice-versa. However, there’s one project which is preferably doing that and it could be the next big thing in the crypto space. In case, you are wondering which blockchain we are talking about, it is Cardano!

Despite some of the cryptocurrencies witnessing an unprecedented rise, they weren’t immune to conflicts of interest, hacks, and scandals. As a result, hard forks ended up as a trending term in the last few years. However, Cardano introduced the concept of true decentralization through its scientific philosophy and research-driven approach.

The crux of the project is that even the developers and project founders do not have complete control over the project. Rather, the community drives everything through a free, open-source voting process that makes the entire project trusted, verified and scalability is driven through its consensus mechanism. 

Basically, most of the renowned blockchains that the community trusts work on PoW or Proof-of-Work mechanism. Without a doubt, proof of work is a masterpiece consensus when you want very high security; nonetheless, one cannot use it for driving enterprise-level adoption. In order to do that, the blockchain must be fast but secure at the same time. 

Cardano’s Ouroboros algorithm, which is much like the heart of the Cardano ecosystem, uses PoS or Proof-of-Stake consensus mechanism that considerably saves on energy consumption and facilitates faster transactions. On top of this, the Recursive Internet Worked Architecture( RINA) allows scaling the ecosystem to meet enterprise-level adoption. For example, African countries are thinking of adopting Cardano as a payment network in their country. 

Basically, most blockchains start to choke out when enterprises adopt their ecosystem. The prime reason for the same is an overflow of data to their ecosystem. As a result, network bandwidth becomes an unavoidable holy grail that hasn’t been solved yet. Since all existing networks work on TCP/IP model, commanding scalability to happen while using a restrictive blockchain layer would mean asking a fish to climb a tree. 

That said, Cardano introduces RINA or Recursive Internet Worked Architecture which breaks the network layer into two: (1) Data transfer layer (2) Data management layer. However, in case you are wondering how communication would happen between both layers to validate the entries, a default network security layer acts as a subset for both layers. 

The recent explosion in the DeFi market has established the fact that as time passes, we could see more use-cases building on top of DeFi. Earlier we did see the DeFi 1.0 storm, now we are seeing the DeFi 2.0 storm where protocols have turned smarter and they control much of their liquidity on their own. In the near future, more use cases would emerge and the much anticipated Hydra upgrade would allow quickening of transactions on the ADA-USD chain at a fraction of a cost. 

As a result, preferably the DeFi ecosystem might look forward to moving to the Cardano ecosystem instead of Solana due to the latter's network outage track record. At the same time, investors need not have to worry about hard forks and their initial tokens losing value since the peered review is going to turn mainstream on the Cardano network. All of these would make Cardano a preferred buy option for the upcoming future ahead. 

Though most of the cryptocurrencies witnessed an inevitable bloodbath in the market recently, Cardano, often considered an underdog project, performed outrageously. The token is up 30% invalidating a bull trap ahead. Much of the price gains have been attributable to this third phase rollout and Basho update. As per the Dutch cryptocurrency trader Michaël van de Poppe, ADA is on the path to reversal after invalidating a further downside to $1 below the lower trend line. 

Thus setting the tone that no further divergence would occur within the $1.05 and $1.20 zone and we could very well see momentum building up ahead. $1.30 could be a good entry point and $1.41 could be the point where we see massive trades as per the Fib retracement analysis. 

? Buy Cardano Here?

Click on the link to initiate the process. Once you do, it will take you to the "buy Cardano" section with a credit card page as shown below. 

Click on the login as shown on the top right. We are assuming that you have a Binance account. In case you do not, you can check our other blog where we have a guided tutorial to help you set up your Binance account. 

Input the code received and once you do, it will take you to buy with a credit card.

Input the amount of ADA you wish to buy. We'll take an example of 1,000 USD and click on the continue button. 

Click on the add card option. Fill in the specimens and click on continue. Once you do, it will ask for validating the transaction within 11 seconds. 

Upon doing that, you can check the ADA newly purchased on your spot wallet. Always use a reliable cold wallet to store all your cryptos. 

Just like all the altcoins in the cryptocurrency market, the value of ADA fell back towards a previous support area. The recent crypto crash was a harsh one but expected from technical traders. As highlighted in this article, broken uptrends are a sign of reversals. Cardano was an exciting project for so many crypto enthusiasts. In fact, prices soared in 2021 to almost $3, but the crypto crash brought prices down to $1.17. Now that we are back towards the support area, can we buy Cardano? In this Cardano price prediction article, we're going to see why a buy trade might be a good one.

It is no surprise that ADA lost in valuation heavily. In a course of 3 months, ADA prices fell from a high of almost $3 to a current low of around $1.17. On the other hand, this price is very close to the psychological price area of $1. Additionally, prices in the past tended to bounce back upwards on multiple occasions.

In figure 1 below, we can clearly see how prices reversed upwards every time prices reached this area. We did have occasional fakeouts that reached $0.92, but this only presented strong buys. Bear in mind that areas are very subjective, but the general consensus seems to agree on an area between $1 and $1.16. The price jumps after reaching such a level on average were between 20% and 40%.

The buffer zone of ADA is a bit wide, representing a 15% delta in prices. That's why considering to open any trade is very subjective and depends on the trader's risk tolerance and target.

The risk tolerance determines how much the trader is willing to lose, while the target determines how much the trader wants to win. Easy right? Let's lay out 2 trade setups that suit both risky and conservative traders.

• You can open a trade at the current $1.16 price, with a stop loss just below $1. Your target would then be around $1.5, having a risk/reward ratio of 3.78.
• On the other hand, you can wait for a further dip towards the $1 just to make sure that the downtrend is over. If the market corrects itself from this price, you would have missed the entry, and you'll have to enter at a much higher price, say around $1.2.

----> Click here to Buy ADA <----

In the past 24 hours, the cryptocurrency market looks like it is on the verge of a reversal. Prices barely changed upwards, and this might be a good sign. Most altcoins reached their strong support levels as in the case of ADA. The top gainers were IMX, ROSE, and ZEC gaining respectively 16%, 9%, and 8%. On the other hand, GNO, ONE, and YFI lost respectively 9%, 7%, and 5%.

1- Bitcoin (BTC) : + 0.17%

2- Ether (ETH) : + 0.88 %

3- Tether (USDT) : 0 % (surpassing BNB)

4- Binance Coin (BNB): +1.49 %

5- Solana (SOL) : + 1.14 % 

6- USD Coin (USDC) : + 0 % (surpassing ADA)

7- Cardano (ADA) : + 0.02 % 

8- Ripple (XRP) : + 0.34 %

9- Terra (LUNA) : + 3.10 %

10- Polkadot (DOT): + 3.33 %

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Rudy Fares

Cardano has had a very difficult time in the crypto market in the past few weeks. The price of the ADA token fell from its all-time high of over $ 3 to currently $ 1.22. The ADA token was hit particularly hard in this market correction compared to other coins. But many key figures show that the network is on the right track. What challenges does Cardano have to overcome in order to get started again in 2022? Let's look at the 3 major challenges that will contribute to Cardano 2022 comeback.

---> Click here to Buy ADA <---

The 3 big pillars of smart contracts and the corresponding platforms are decentralization, scalability and security. Cardano is very well positioned in all 3 areas. However, platforms like Solana and Avalanche have made extreme strides in the area of ??scalability and offer extremely fast transactions.

Thanks to the proof-of-stake consensus mechanism, Cardano was able to set itself apart from the market leader Ethereum, which is only going to switch from proof-of-work to proof-of-stake. However, developers need to keep working to ensure efficient yet secure transactions to keep up with networks like Solana and Avalanche.

After the first reason, Cardano must not forget to offer optimal scalability for decentralized applications. Again and again there is criticism that the Cardano Foundation is too academic in its work on the blockchain and has recently been left behind in terms of competitiveness.

Especially in the area of ??scalability, the network must not lose touch. Even if the blockchain were to have the best technical level overall, competitors could overtake the network on the market with significantly higher scalability in terms of smart contracts. However, improving scalability is already the next step in the development of the Cardano Foundation.

Establishing governance functions is also a development step that Cardano is working on intensively. According to Cardano boss Charles Hoskinson, the platform is working on the formation of a governance that will guarantee the participation of hundreds of companies. 

With the governance model, token holders should have the opportunity to determine future developments of the platforms on a democratic basis. The tools used are the 'Cardano Improvement Proposals', which the token holders can vote on. 

---> Click here to Buy ADA <---

Currently, the price of the Cardano ADA token is still below $1.50. With that, the token has lost over 50% since its all-time high of around $3 in September. The current price officially entered a strong buy zone. Could now be a good entry point before Cardano explodes in 2022? Let's plot a Cardano Price Prediction and talk about why prices might reverse upwards potentially in 2022.

In the big Bitcoin correction, the Alt-Coins reacted very differently. Ethereum has lost double digits, but the Ether price is still only a little more than 10% below its all-time high. Other coins like the Metaverse tokens lost a lot. Cardano was also one of the bigger losers.

The ADA token, the native token from the Cardano network, lost a few percent even before the major market correction. After the correction, ADA is now below $ 1.50, down over 50% of its all-time high value. The ADA achieved this at $ 3 at the beginning of September. Will ADA price rise again next year?

The current price of ADA seems like a good investment opportunity. If you expect the bull market to continue, ADA is an extremely cheap token right now. Should the overall market turn bullish again in January 2022, Cardano could also see major price jumps again in 2022.

Reasons for future price increases are increasing institutional adoption and an increasingly decreasing supply of ADA tokens. At Cardano, the number of ADA tokens is limited. Therefore, future increases in value are very likely. We have been observing the same thing for years with Bitcoin, the range of which is also limited.

From a technical perspective, ADA prices officially entered a buy area. This zone is delimited by $ 1 and $ 1.3. Despite this huge 30% gap, traders can follow up the exact price-action of ADA and wait for strong price movements. When prices finish consolidating in this area and boom higher, that's your trend reversal right there. In fact, we can clearly see in figure 2 how prices did that exact same behavior.

--> Click here to Buy ADA <--

The Cardano network is based on the proof-of-stake consensus mechanism, which makes transactions faster, cheaper, and, in most cases, more secure. In 2022, Cardano could be a serious competitor for Ethereum, which despite the ongoing switch to Ethereum 2.0 is still struggling with scaling problems and high gas fees. 

Cardano offers high scalability and is very energy efficient. In the last few weeks, networks such as Solana or Avalanche, which offer innovative technologies, have received more attention. Fundamentally, Cardano is still excellent and, above all, has been reliable for years. In a bull market, the ADA token should therefore rise again massively. Optimists assume a potential of up to 10 to 15 dollars in a major Cardano rally in 2022.

Cardano has been retracing hard since it reached its all-time high price of $3. Instead of consolidating, its prices went on a medium-term bear market. Naturally, the social hype for Cardano as a project became less as ADA's prices retraced almost 50%. Can Cardano pull back upwards and reach its psychological price of 2$ before 2022? In this Cardano price prediction, we'll mainly tackle the technicals behind ADA prices.

Back on August 30th, ADA prices reached an all-time high price of $3. The excitement did not last much though, as prices shattered back towards the psychological price of $2. It looked like there were many traders who liquidated their profits and move towards the next big altcoin hit.

In fact, Cardano's market capitalization reached an incredible $100 Billion. For many investors, this valuation looked a bit overvalued compared to what was happening with the tech development of the project. For this reason, coupled with heavy profit-taking, ADA prices sank back towards $1.4 losing 54% within 3 months.

--> Click here to Buy Cardano ADA <--

Zooming out on ADA's chart, we can notice how ADA retraced back towards the average uptrend it initially started back since the beginning of the year 2021. Prices were inflated and had to adjust sooner than later. This price adjustment should be considered as another chance to buy Cardano at a discounted price. ADA is eyeing its previous all-time high price of $3, but should break the barrier of $2 first.

Although prices of ADA are set to reach $2, it would be a bit hard to predict that prices would do so before 2022. For this to happen, we need one of the below fundamental pushes:

• The overall crypto market rallies heavily during the Christmas Holidays
• Cardano project announces an important news to the crypto community
• The current trend of ADA continues steadily without any correction upwards

If one of the above is met, prices are likely to reach 2$ before 2022. If not, it might take ADA till the end of January to breach well above the psychological price of $2.

In the past 24 hours, the crypto market is down slightly by 1.7%. Most of the top 10 cryptocurrencies are slightly in the red, except for ADA prices that shot more than 9%. Additionally, LUNA also gained around 12%, making the two the best performers for this day.

1- Bitcoin (BTC) : - 1.39 %

2- Ether (ETH) : - 3.40%

3- Binance Coin (BNB): - 2.20 %

4- Tether (USDT) : 0 %

5- Solana (SOL) : + 0.95 % 

6- Cardano (ADA) : + 9.65 % 

7- Ripple (XRP) : - 2.78 %

8- USD Coin (USDC) : + 0 %

9- Polkadot (DOT): - 4.15 %

10- Dogecoin (DOGE) : + 0.55 %

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Rudy Fares

The crypto market is bleeding red lately. Cardano remained stagnant for months and now it has nosedived to below $2. Such developments have triggered panic among investors. Where will this crypto go during this correction season, let's find out. 

Cardano is an environment-friendly blockchain using POS to validate transactions. It solves the scalability problem through quicker throughput and transaction finality. ADA is the native token to the Cardano blockchain. Users can utilize ADA for paying fees and making transactions on the Cardano chain. 

Cardano has given 1,294% returns dwarfing Bitcoin and Ethereum. The crypto hit an all-time high of $3.1 in September after its Alonzo Hardfork. Investors were optimistic for a new ATH but the coin dipped to a low of $1.82 at the time of writing from $2.37 in October. With the crypto market retracing after the infrastructure bill, ADA's future is questionable. Where will Cardano go in 2022?

CoinCodex has given bearish signals for ADA. The RSI and MACD show a neutral outlook. Whereas, Volume weighted Moving Average (VWMA) and Hull Moving Average show sell pressure. ADA could be trading around $2.02 in November and could climb to $4 by 2022 end. By 2028, ADA could average out at around $8. 

These are insights-driven by research but the crypto market is volatile. There are even 1000% gains recorded for Doge and Shiba Inu. Even Solana recorded a steady bullish run in 2021. It was trading below $30 in September and now it is $200. Cardano has tied up with the African continent as a payment gateway. Any major event could push the prices to the sky. It is advisable to do your own research before investing in crypto. 

The day has finally come for Cardano enthusiasts. After an extended consolidation of a couple of weeks, Cardano price surpassed today the important $2 price mark. In fact, many traders and investors were awaiting this day, as ADA's technical formation was prepping for a breakthrough. In the past week, prices have soared more than 40% and are on their way to break their previous all-time high. Can Cardano reach $3?

In our previous article that was published not a long time ago, we did shed some light on this specific altcoin. In fact, we spotted how prices barely changed relatively to the entire cryptocurrency market that was soaring at that time. It seemed as if ADA prices were lagging. This is the perfect catch for traders, who look for those undervalued assets and buy in anticipation of higher prices.

Why was Cardano price going to rise inevitably? Well, other than their fundamental tech advancements in their community, the entire cryptocurrency market was rebounding from its previous market crash. When prices start to recover, and when Cardano prices barely changed, that was a clear opportunity.

Looking at the current crypto market boom, ADA's price can surely reach $3 in the medium term. It took ADA 3 days to increase by $0.5, and the current price is exactly $2. The previous all-time high price was reached back on the 16th of May 2021 and was around $2.5. Ergo, we can have two short-term targets:

• Target#1: $2.5 - which represents the previous ATH
• Target#2: $3 - which represents a psychological target for traders and investors

Cardano price reached a very critical area. Breaking the psychological price of $2 is definitely a good thing, and prices are eyeing the previous ATH of $2.5. On the other hand, prices can still retrace and adjust from that impressive 40% growth. Price adjustments are very natural and are bound to occur whenever prices rise in a period of time with no adjustments. That's why if you want to buy Cardano today, it is advisable to look out for the below areas:

• USD 1.8
• USD 1.5

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Rudy Fares