Price Analysis

Cardano Price Analysis: Aimed at Expanding its Reach in International Markets, Trends are Bullish for ADA

The Cardano Foundation is working hard to streamline its international plans. In that context and to avoid any legal issues, they appoint Gianna Abegg as the new Legal Counsel for the organization. The move will also strengthen its legal department. In the new role based in both Zug and Zürich, Switzerland, Gianna will oversee the Cardano Foundation’s legal and compliance functions and support the Foundation’s growth plans by streamlining its structural framework.

Current Statistics of ADA coin (On June 26, at UTC 09:07):

Cardano Price Chart - 26 June
Cardano Price Chart
  • The trading price of Cardano was around 0.09701 USD.
  • At the same time, ADA vs. Bitcoin was trading around 0.00000776 BTC.
  • The Market Capitalization of the ADA was 2,534,658,157 USD.
  • The 24-hour trading volume in the altcoin was 284,227,944 USD.
  • With a Return on Investment of 350.97%, the total Cardano coins circulating in the market were 25,927,070,538 ADA.

ADA to USD Price Comparison:

On June 02, Cardano was trading around 0.096578 USD. However, today, after 25-days, the digital coin is almost trading flat with a slight hike of 0.44%. Nevertheless, in weekly charts, Cardano (ADA) has seen a strengthening of 9.96% from the market price of 0.08787683 USD on June 20.

Cardano Price Prediction:

Cardano is a strong contender to be in the top 10 list with a firm fundamental and dedicated community support. According to our speculation, ADA may trade in between $0.3 – $0.5 by the end of the year. We might need to revise our target and increase it if the bull run continues in the altcoin.

Conclusion:

The recent anointment of a new legal advisor and that too on such hurry, explains the long term vision of the Cardano Foundation. As of now, the coin seems to be moving at a steady pace. Both the long as well as short term is bullish, and one can expect a good return on investment in the crypto.

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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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