Price Analysis

Cardano Price (ADA) Plunge Continues; ADA Hovers At $0.043

  • Cardano price (ADA) suffers on the price chart.
  • The intraday traders might not have a flourishing day ahead.

ADA coin seems to be bitten by the bear as Cardano price is tremendously falling on the chart. The intraday regression is quite scary. This is also indicating that the coin would take some time in the recovery of the price.

The current scenario of Cardano (ADA) is indicating towards a boring day. However, the market is moving towards the upward direction. There could be an improvement, but the chances of closing the coin with a positive number are extremely thin.

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Current Statistics of Cardano:

  • The coin is trading at $0.043780.
  • The ROI (Return on Investment) marked around 101.68%.
  • The 24hr volume of the coin is $35,515,205.
  • The market cap is noted as $1,133,529,656.
  • 25,927,070,538 ADA coins are circulating in the market.

ADA to USD Price Comparison:

Let’s have a look at the intraday chart of Cardano (ADA).

The chart is taken from Trading View on 2nd September 2019 at 07:16:42 UTC for price analysis.

ADA Price Prediction
ADA Price Chart by TradingView

Yesterday, the coin opened at $0.044. The price escalated from $0.044 to $0.045 by $0.81%. Later, the coin fell from $0.045 to $0.044 by 1.63%. Further, the coin jumped from $0.043 to $0.044 by 2.55%. The coin closed at $0.044 with the intraday regression was of 1.04%. Today, the coin opened at $0.044. The ADA price immediately fell to $0.043 and the drop was of 1.16%. The coin is currently hovering at the same level. Today, there are not many expectations from the coin to take the price up.

Cardano Price Prediction and Conclusion:

Cardano (ADA) has shown a remarkable improvement in the price chart in the last couple of days. The coin was speculated to revive from the recent price drop, but the coin is still experiencing some pullback. We are quite positive that ADA coin would start the recovery soon.

The coin is quite volatile on the chart. The short term investment looks best for the coin. In the coming years, the escalation in the coin would be astounding.

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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