Price Analysis

Cardano (ADA) Price Fuels the Bull; Price Rally on the Charts

eToro
  • Cardano (ADA) takes the uptrend for the intraday traders.
  • The future holds many surprises for ADA traders.

Cardano (ADA) has shown a remarkable improvement in the price of the coin in the previous week. The last few days have been a nightmare for the traders as the coin was under huge market pressure. Today, the coin opened with an escalation. The upsurge is still intact, which indicates that the day would bring profitable digits to the intraday traders.

If we look at yesterday’s chart, the Cardano touched a high at $0.045856 and a low at $0.044254. The volume marked on 31st August 2019 was $51,959,378.

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Current Statistics of Cardano (ADA):

  • The price of the coin is at $0.045123.
  • The ROI is noted as 108.15%.
  • The 24hr volume of the coin is marked as $51,959,378.
  • The market cap is at $1,169,906,418 USD.
  • The circulating supply has 25,927,070,538 ADA.

Cardano to USD Price Comparison:

The chart is taken from Trading View on 31st August 2019 at 08:51.36 UTC for price analysis.

Cardano (ADA) Price
Cardano Chart By TradingView

Looking at the chart, we can observe the upsurge in the price. Yesterday, the coin opened at $0.044 and jumped to $0.045. The escalation marked was of 3.74%. The coin couldn’t hold itself at the level and fell. The price changed from $0.045 to $0.044 by 2.76%. The token closed the day at $0.044 with an uptrend of 1.26%. Today, the coin gain opened with a hike. The coin changed from $0.0448 to $0.0452 by 0.75%. Later, there was another uptrend observed. The price changed from $0.0450 to $0.0455. The progression marked was 1.03%.

Cardano Price Prediction and Conclusion:

The market has taken a few steps back since today’s opening time. However, Cardano has kept the upsurge on the place. This is a clear indication that coin is all geared up a price rally. The rally is speculated to embark in the coming month.

The traders interested in the coin should opt for long term investment. We are quite positive that the coin would bring a colossal profit to the long term traders.

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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