Cardano (ADA) has positioned itself as one of the coins to hodl. There remains that feeling among the crypto community that it could embark on an extended bullish run. It recent antecedents give a lot of positive vibes as it looks to hit the $0.5 mark in March.
The crypto market has moved into the transitional stage after a long bearish period which has seen many coins reach their lowest price values. This is to be expected as the slump was not expected to continue permanently.
Cardano Moving Forward With New Roadmap And Testnet 1.5 Update
This period has seen improvements by many blockchain companies as they look to bring more users to their platform. Cardano is not an exception as the blockchain has continued to make developments to its technology.
Cardano (ADA) announced earlier in the year of its intentions to revise its roadmap. According to the Cardano, the newly improved roadmap would see the coin gain a major foothold on the crypto market.
The expected release of the Shelley update has also been one of the most anticipated events for 2019. Cardano recently launched the Cardano 1.5 Testnet into its blockchain network with the aim as a precursor to the launch of its Shelley update.
Cardano Testnet 1.5 Update Set To Spike Bullish Run
According to our analyst, the timing of the launch of the Cardano 1.5 Testnet update could affect the value of the coin before the end of the first quarter of the year. Thus there could be a price increase of about 60% by the end of the 1Q.
With this analysis, we can safely deduce that the coin is most likely to reach the half dollar mark before the end of March. It is also not a long-shot to suggest that the coin can hit the $1 within the month if it follows the expected trend in the market.
Cardano Latest Price
Cardano currently trades at $0.04 as at the time of writing and made a loss of 2.5% in the past 24 hours of trading. With its increasing popularity and confidence in the ADA, it would be noteworthy to watch the movement of its price in the coming days.