Price Analysis

Cardano (ADA) Price Analysis: Cardano Market Trends Are Bullish for Long Term

IOHK Foundation is Extending It's Market in Newer Territories

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Cardano recently announced for a workshop of Plutus and Marlowe followed by developer meetup in Tel Aviv, Israel. IOHK foundation is aiming at growing various local developer community through these workshops. Again, Nathan Kaiser, Chairperson of Cardano Foundation, will be speaking at ‘Unchain 19’ on June 15 at Berlin. He will shed light on the topic of ‘Blockchain governance: on-chain and off-chain’ and what are the things that are holding the industry back?

Current Statistics of ADA Coin:

Cardano Price Analysis - Jun 15
Cardano – YTD Price Chart
  • Cardano price was trading at 0.086027 USD(At 18:33:42 UTC)
  • ADA against BTC was trading around 0.000010 BTC.
  • The Market Cap of the ADA was 2,241,195,044 USD.
  • The 24-hour trading volume in the altcoin was 217,535,481 USD.
  • With an ROI of 298.76%, The total supply in the market is 31,112,483,745 ADA.

ADA Price Comparison:

Cardano recorded the lowest price point of 0.062281 for the month of May on 9th May. Although Cardano strengthened by 10.26%, from the market price of 0.078017 USD on June 09. However, Cardano price was seen in slightly downtrend yesterday. But, today it made a bounce back by a margin of 38.12%. As per analysts, ADA coin has been in a bearish zone. So, Cardano price may crash in the near future.

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Cardano(ADA) Price Prediction:

Although there was a slight downtrend in the coin yesterday, the future still seems to be uncertain. As per our speculation, we will like to stick to our earlier prediction of Cardano being trading around $0.1 by the end of the year.

Conclusion:

Looking at the pro-activeness of the Cardano team and IOHK foundation, it seems that they have a full-fledged road map for the future. On top of that, the team is, with full energy, working toward achieving it. If everything goes right, which appears to be going at present, Cardano price may go up around 0.09 USD upside.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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