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We will be inspecting some of the past price trends of ADA and several market opinions in order to deliver a Cardano price prediction for April.

Cardano Overview

cardanoCardano is a next-gen blockchain platform that was intended to facilitate financial apps for both institutions and individuals. The ADA cryptocurrency is the coin that powers the Cardano ecosystem, which is used as a means to transfer funds.

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The Cardano blockchain has a multi-layered architecture which is unique in the crypto world, as it allows that platform to support future implementation and upgrades without complications.

The ADA coin has a current rank of 14, with a market cap of $836,108,827, and a 24-hour volume of $104,635,493. It is priced at $0.032248, and there are currently 25.927.070.538 ADA in circulation out of a total supply of 31.112.483.745 ADA.

Cardano Price Prediction: Analysis

The crypto market has experienced massive price fluctuations this March, with almost all the market going under the 52-week low. While some coins managed to recover, they have still not got back to their pre-crash levels.

Cardano also lost a lot of gains, and then recovered slightly. On March 1st, Cardano coin was trading at $0.0479, and throughout the day, suffered a loss of 4.24%, which brought the coin to $0.0459. The next days saw some positive movements in the ADA price, with the coin trading on March 6th at $0.0517.

The price then swiftly corrected to $0.0395, with a 23.70% drop during the course of 2 days. The coin then tried to climb back, reaching $0.0425 on March 10. But then came the massive crash in Cardano’s price, as within the next 2 days the coin reached $0.0197. ADA quickly recovered to $0.0289 on March 13 and traded around that same value until March 15.

The coin once again fell to $0.0218 by 24.64%, and in the following 3 days, the price went up to $0.0382. The price corrected itself on March 20 and reached $0.0278. The price continued trading around the $0.0300 tightly.

On March 29, Cardano went up to $0.0306 and closed the month at $0.030553. Today, April 3rd, Cardano is trading at $0.032270, with an increase of 3.09% in the last 24-hours.

The bullish movement Cardano had for consecutive days helped the coin in surpassing the crucial level of $0.030. A drop under $0.028 will be detrimental to ADA, as it will trigger a further downward trend to $0.025 level. However, the bullish momentum managed to drive the price past the crucial mark of $0.30.

Cardano (ADA) Price News

Screenshot (137)Source: elevennews

The technical oscillators indicated that ADA intends to remain stable over the price point of $0.030.

Cardano Price

The calculated resistance, pivot, and support levels of WalletInvestor are:

  • Resistance Level (R3): 0.0318
  • Resistance Level (R2): 0.0312
  • Resistance Level (R1): 0.03087
  • Pivot Point: 0.03028
  • Support Level (S1): 0.0299
  • Support Level (S2): 0.0293
  • Support Level (S3): 0.0290

Developments

The founder of the project revealed in late March that the project will launch a series of important updates in the upcoming few months. The Cardano (ADA) team has already rolled out the Byron Reboot and Daedalus Flight.

Charles Hoskinson tweeted on April 1, 2020:

The Byron Reboot consists of a set of features that will make the upcoming transition into the Shelley era as seamless as possible.

Byron reboot comprises of updated features on the Cardano node, Cardano explorer, Daedalus wallet, among others.

Cardano’s developer explained why the Byron reboot was necessary:

“To prepare for the future, and for Shelley. The node that launched at the start of the Byron era was only ever going to take us so far. The new node implementation has been designed from the ground up to support not only imminent Shelley features, such as delegation and decentralization, but anything else that the future has in store.”

According to the Daedalus website, Daedalus Flight represents a “pre-production” version of the Daedalus wallet. The main purpose of Daedalus Flight is to allow ADA token holders to test out Daedalus’ wallet and its new features.

Cardano Price Prediction: Market Opinion for April 2020

A number of crypto forecasting sites have issued their own Cardano price prediction for April, and as usual, we will feature some of the most relevant ones to give you a better sense of the market sentiment for this coin.

WalletInvestor

WalletInvestor made available a Cardano price prediction for the next 10 days of April, along with their minimum and maximum prices for each respective day.

Date Price Min Price Max Price
2020-04-04  0.03011  0.0221  0.0380
2020-04-05  0.0289  0.02095  0.0367
2020-04-06  0.0269  0.0191  0.0345
2020-04-07  0.0277  0.0198  0.0357
2020-04-08  0.0274  0.0196  0.0351
2020-04-09  0.0286  0.0212  0.0363
2020-04-10  0.0281  0.020066  0.0361
2020-04-11  0.0262  0.0186  0.0338
2020-04-12  0.0249  0.0173  0.0323
2020-04-13  0.0230  0.0158  0.03084

Longforecast

Longforecast forecasted that the maximum price for the month would be around $0.042, while the minimum price would be at $0.027. The monthly average for the coin was estimated at $0.033. The closing price was calculated at $0.032, change for April 3.2%.

30rates

According to 30rates, ADA will be trading on April 30th at $0.030, with a maximum of $0.034 and a closing price of $0.032.

Date Weekday Min Max Price
04/03 Friday $0.031 $0.035 $0.033
04/06 Monday $0.029 $0.033 $0.031
04/07 Tuesday $0.030 $0.034 $0.032
04/08 Wednesday $0.028 $0.032 $0.030
04/09 Thursday $0.029 $0.033 $0.031
04/10 Friday $0.028 $0.032 $0.030
04/13 Monday $0.029 $0.033 $0.031
04/14 Tuesday $0.031 $0.035 $0.033
04/15 Wednesday $0.028 $0.032 $0.030
04/16 Thursday $0.028 $0.032 $0.030
04/17 Friday $0.027 $0.031 $0.029
04/20 Monday $0.032 $0.036 $0.034
04/21 Tuesday $0.032 $0.036 $0.034
04/22 Wednesday $0.034 $0.040 $0.037
04/23 Thursday $0.031 $0.035 $0.033
04/24 Friday $0.033 $0.037 $0.035
04/27 Monday $0.036 $0.042 $0.039
04/28 Tuesday $0.031 $0.035 $0.033
04/29 Wednesday $0.030 $0.034 $0.032
04/30 Thursday $0.030 $0.034 $0.032

Digitalcoinprice

Digitalcoinprice’s Cardano price prediction for April 2020 is that the coin will see a trading price of $0.05930496, with a change of 96.14%.

Altcoinforecast

Altcoinforecast predicted that the coin will have a closing price for April of $0.022.

Gov.capital

Gov.capital anticipated that ADA will have a mid-month price of $0.00942, with a maximum price of $0.00951 and a minimum possible value of around $0.009325.

Coinpredictor

Coinpredictor projected that in one week, Cardano will be trading at $0.045973, with a 9.8% raise, and in one month, the price of ADA will see a drop of 33.2%, which would place the coin at $0.027969.

Cryptoground

Cryptoground expects that ADA will have, in one day, a value of $0.0463, with an increase of 54.28%, and the site also expects Cardano to trade at $0.0477, in one week, signifying an increase of 58.81%.

Cryptorating

Cryptorating’s Cardano price prediction for the next day is $0.029979, which signifies a decrease of -0.31%, and in one week, it sees the coin losing -53.04% of its value, placing it around $0.014121.

Bitverzo

Bitverzo’s Cardano price prediction for April 30th, 2020, was that ADA would have an average trading price of $-0.001021, with a minimum of $-0.103956 and a maximum of $0.111574.

Date Average Low High
Friday, April 3, 2020 0.000706 -0.108141 0.101583
Saturday, April 4, 2020 0.003881 -0.104597 0.112907
Sunday, April 5, 2020 0.002805 -0.102301 0.103338
Monday, April 6, 2020 -0.000643 -0.101533 0.097423
Tuesday, April 7, 2020 -0.004586 -0.111659 0.103460
Wednesday, April 8, 2020 0.000424 -0.103404 0.102921
Thursday, April 9, 2020 -0.000979 -0.097585 0.107491
Friday, April 10, 2020 0.000690 -0.108532 0.109187
Saturday, April 11, 2020 0.003865 -0.100606 0.102216
Sunday, April 12, 2020 0.002790 -0.098288 0.112690
Monday, April 13, 2020 -0.000659 -0.105633 0.097279
Tuesday, April 14, 2020 -0.004602 -0.118151 0.100031
Wednesday, April 15, 2020 0.000409 -0.104237 0.106932
Thursday, April 16, 2020 -0.000994 -0.106421 0.100088
Friday, April 17, 2020 0.000675 -0.105005 0.112645
Saturday, April 18, 2020 0.003851 -0.094934 0.112465
Sunday, April 19, 2020 0.002775 -0.106222 0.103056
Monday, April 20, 2020 -0.000674 -0.107513 0.099597
Tuesday, April 21, 2020 -0.004616 -0.110077 0.091213
Wednesday, April 22, 2020 0.000395 -0.111607 0.102408
Thursday, April 23, 2020 -0.001008 -0.102536 0.103140
Friday, April 24, 2020 0.000661 -0.093860 0.105136
Saturday, April 25, 2020 0.003837 -0.093363 0.105127
Sunday, April 26, 2020 0.002761 -0.105112 0.108659
Monday, April 27, 2020 -0.000687 -0.102311 0.108553
Tuesday, April 28, 2020 -0.004630 -0.107769 0.097588
Wednesday, April 29, 2020 0.000381 -0.101334 0.110253
Thursday, April 30, 2020 -0.001021 -0.103956 0.111574

Cardano Price Prediction: Verdict

This has been our Cardano price prediction for April 2020. We hope that the information we have featured will be of help to you in your future ADA trading decisions.

Featured image: tronnews.life

 

source: https://coindoo.com/cardano-price-prediction-april/

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