Price Analysis

Cardano (ADA) Seems to Embark on a Price Rally

  • Cardano (ADA) upsurge continues on the price chart.
  • The escalation might prepone the price rally.

Cardano (ADA) was seen suffering with the recent price drop. Yesterday’s upsurge helped the coin to recover from $0.04465 to $0.04631. Today, the ADA coin has continued the uptrend and we are anticipating that it would last long. Let’s have a look at the current statistics.

Current Statistics of Cardano:

ParticularsCardano (ADA)
Price0.045888 USD
Rank12
ROI111.68%
Market cap1,189,746,601 USD
24hr volume61,033,280 USD
Circulating Supply25,927,070,538 ADA

ADA to USD Price Comparison:

The chart is taken from Trading View on 04th September 2019 at 04:38:10 UTC for price analysis.

ADA Price Prediction
ADA Price Chart by TradingView

The chart is reflecting uptrend in the price of the ADA coin. Starting from yesterday, it opened at $0.045, soon after few hours, it fell from $0.0453 to $0.0446 with that the regression was of 1.50%. The coin immediately recovered from $0.0446 to $0.0458 by 2.63%. Further, the escalation was of 4.41%, with this the price changed from $0.0454 to $0.0474 and the progression was of 2.44%. Yesterday coin closed at $0.046. Today, the coin opened at $0.04631, after that the price slipped to $0.0457 by 1.13%.

Cardano Price Prediction and Conclusion:

Cardano (ADA) price is reflecting positive signs. The investment in the coin would result good in the coming time. The coin has shown a remarkable momentum in price in the first two quarters. It is counted among most reliable coins of the market. The coin is recommended for long term traders. The said period might bring expected result to the traders.

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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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