Ardor is a blockchain-based platform providing the service of creating so-called child-chains (the blockchains having similar functionality to their main-chains). In general, this functionality is a lot like the features of Ethereum and EOS. Nevertheless, in contrast to the latter two, Ardor is regarded as an easier in use so some experts claim the project has huge potential.
"When robustness meets versatility. I couldn't be happier with Ardor's excellence and the benefits we are able to bring to our customers,"
Global Head of Blockchain at UST Global, Daniel Díez García
The project was launched in 2016 by the Jelurida company. Earlier Jelurida has already created the Nxt project and Ardor was the further development of the ideas behind Nxt. Unlike Nxt, Ardor provides the opportunity to communicate via encrypted messages with side partners. Ardor child-chains provide the voting and marketplace functionality and have bigger data storage space. The child-chains are secured via the hierarchy of the parent chain and don't require mining.
The first child-chain created on Ardor was a success. It is an Ignis platform which is still active since it's launch. It raised around $15 mln during the ICO campaign.
Past Performance
Ardor token was issued in 2016. Initially, Ardor coins have been distributed through the airdrops. On January 16 of 2018, the price has reached its all-time peak at the $2.14 mark per 1 ARDR. It's understood that the December 2017 - January 2018 was a period of cryptocurrency fever and the time when the Bitcoin price was too high after the alleged manipulations associated with the Bitfinex team.
Firstly the ARDR coins appeared on the market in the summer of 2016. In October the coin was added to the Poloniex exchange. It had led to an increase in the token’s price and capitalization. In October the price was fluctuating around $0.01 for 1 ARDR. The capitalization was sliding slowly towards the mark of $10 million. In late October it stuck there for the next several months. The growth of the capitalization (but not the price) started only in January of 2017 when Ardoe became listed on the Upbit exchange.
In spring both the price and the capitalization increased by roughly 1.5 times in comparison to October of 2016. The entire spring these figures were gradually increasing.
In the cryptocurrency ATH days, the price and market cap of Ardor reached the maximum. The price has surpassed the $2 mark while the capitalization rose beyond $2 billion. After the mid-January, these figures have started to decline. The price was going down throughout the year and the market cap value has reached the minimum (it was roughly $50 million) by the end of 2018. Interestingly, even in July 2018 when the currency got listed on the Binance exchange, it didn't help the value to break the downward trend.
From spring to July 2019 the price and capitalization were in a positive trend. The market cap crossed the $100 million mark and then started to decrease again. In 2020, the price was shifting around $0.06 for 1 ARDR while the capitalization was changing in the $50 mln - $70 mln interval. The price had peaked at 8 and 9 cents at the end of the year and the beginning of 2021 respectively. The huge rally took place from February to May of 2021. At some point the price was as high as 50 cents. There was a smaller surge in the fall and by the beginning of 2022, the price was as low as 22 cents (still higher than in the summer of 2021 or the period prior to 2021). It's worth saying that Ardor seems to be better perceived by the industry professionals than enthusiasts.
Price Prediction
Some experts favorably compare Ardor with such giants as Ethereum and EOS. It means that Ardor has good potential which is probably not fully realized by traders yet. By the end of 2022, the price might reach up to 38 cents. By the end of 2023 the price is expected to cross a $0.5 mark. In 2024, the entire crypto market is going to go through another bull run, epxerts say. Without a doubt, Ardor will benefit from it. Its price will reach from $0.94 to $1.1 by the end of the year. The following year, the coin might gain value up to the $1.47 mark. According to tech analysis, the coin will continue to double its price each two years up until 2031. By then the price might reach nearly $12.