Price Analysis

Cardano Price Analysis: Cardano (ADA) Grows 6% to Trade at $0.062 Within a Day

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  • Cardano price records 6% growth after a slow day
  • ADA coin may cross up to $0.100 in the first week of next month

Cardano has been maintaining a stable pace since the beginning of the month. The crypto has managed to rise up to $0.062 but may take another week to move ahead up to $0.065. The current market performance also points towards a higher growth trend in the coming weeks. The investors and traders must wait for the ADA coin to move up to $0.090 before taking any actions.  

Current Statistics of Cardano:

On the last day, Cardano coin has grown 6% from $0.058 to its current value at $0.062 as on July 27, 2019, at 03:07:44 UTC. ADA has maintained a similar pattern throughout the week and may continue the same in the coming week as well. 

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Cardano price chart July 27
Cardano Price Chart by TradingView
  • The current trading price of Cardano coin is noted to be $0.062 and 0.00000617 BTC
  • The market cap of the Cardano coin stands at $1,618,983,510
  • 24-hour volume has reached $60,672,179
  • ROI of the coin stands at 187.88%
  • The circulating supply of the coin is 25,927,070,538 ADA

Yesterday, the highest recorded ADA price was $0.062 and currently, it is trading at the same trading mark. Although, the Cardano coin may close the day on a better note by rising above $0.063. 

Cardano Price Prediction:

ADA coin has shown exponential growth since yesterday and may grow over the weekend to cross a $0.065 mark as well. In the last 7 days, the highest recorded value of Cardano was $0.065 and in the coming week, ADA coin may reach up to $0.070 again. The coin may rise up to $0.090 in the next 2 weeks and is expected to trade above $0.100 permanently from next month-end onwards. 

Conclusion:

This is a good time to invest in this crypto for long term gains. For those looking for short term profits, hold on to it till the Cardano price crosses $0.080 target. 

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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