Cardano (ADA) Price Analysis: The Crypto Space A Positive Growth Since Yesterday, The Altcoin Seems To Be Following It

Charles Hoskinson, the founder of Cardano, has recently given a talk at Tokyo Fintech Meetup. In his keynote speech, he talked about Cardano’s Smart Contracts, formal methods, sidechains, and decentralization. The move can be seen as a way forward for the blockchain to penetrate into new spaces. 

ADA Current Statistics (on June 10, at UTC 11:16)

• The price of Cardano (ADA) was trading around 0.083014 USD.
• At the same time, Cardano (ADA) vs. Bitcoin was trading around 0.0000107 BTC per chip.
• With an ROI of 284.53%, Cardano (ADA) is at 11^th place in the cryptocurrency rankings.
• Along with that, the market capitalization of the altcoin was 2,161,249,445 USD.
• The 24-hour trading volume in the altcoin was 120,985,800 USD.
• The total Cardano chips in circulation in the market, at the above mentioned time, were 25,927,070,538 ADA.

ADA Coin Comparison:

Let’s have a look at the price variation of Cardano over a period of 25-days. On May 17, the altcoin was trading at 0.083158 USD. From there, the crypto showed a slight breakdown, and today, and it is trading with a dip of 0.17%. Similarly, in weekly charts, the altcoin saw a small amount of growth that accumulates to 0.17%. On June 04, 7-days back, the coin was trading at 0.083014 USD. Yesterday was relatively a good trading day for Cardano, where the coin opened the day at 0.079430 USD and with a hike of 0.006107 USD (7.69%), it closed the intraday trading at 0.085537 USD.

Cardano Price Prediction:

As per our speculation, the market will remain flat and stable for now. Additionally, we would like to stick to our earlier prediction of Cardano (ADA) trading around $0.1 to $0.3 by the end of the year.

Conclusion:

Not to forget that the IOHK foundation, the organization backing Cardano (ADA) is constantly working for the mainstreaming of the blockchain. After the correction in the market, the short-term trading that seemed to be bearish is now showing some growth potential.