Price Analysis

Cardano Price Analysis: ADA starts the week on a slow note; trading below $0.058

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  • Cardano may rise up to $0.060 by the end of this week
  • Cardano’s slow trends are concerning everyday traders

It has not been a good month for Cardano holders so far as the coin is moving in the downward direction constantly without any signs of recovery. It may rise up to $0.060 by the end of the week but may take another month to cross $0.080 again if the current market performance of the coin is taken into consideration.

Cardano Price Statistics:

As noted on August 5, 2019, at 01:23:06 UTC, the price of ADA token is trading at $0.056, and it has recorded a downtrend of over 3% since yesterday when it was trading at $0.058. ADA started yesterday on a high note but then fell to trade below $0.057. It had a sharp rise around noon but fell drastically again. It has not been able to surge since then.

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ADA Price Prediction
ADA Price Chart by TradingView
  • The price of ADA token is noted to be $0.056 and 0.00000509 BTC
  • The market cap has reached $1,461,118,572
  • The 24 h volume is now $45,257,235
  • The ROI of the coin is 159.88%
  • The circulating supply stands at 25,927,070,538 ADA

Cardano closed the day trading at $0.056 and the highest recorded value yesterday was $0.058. It may reach up to this value by the end of today.

Cardano Price Prediction:

Planning huge investments in ADA token now may benefit in the future as the coin is highly reliable but is not able to come out of the slow trends. It may, however, reach up to $0.065 by the end of next week and trade around $0.070 by the end of this month. ADA can take another 2 to 3 months to come back with surging trends and trade above $0.080.

Conclusion:

It is a good time to plan bulk investments in the ADA token and start saving for the future benefits. The coin may not seem very profitable now but may become in the future.

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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