Price Analysis

Cardano Price Analysis: Cardano (ADA) Proceeds With A Relative Stability

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The Cardano Foundation has announced an appointment of three new community managers in order to enhance the communication within the community. The community managers will oversee the implementation of the community strategy to support, grow, and help educate the Cardano community. Working in close collaboration with the strategic partners of the organization, including IOHK and EMURGO, they will promote Cardano and engage in various community initiatives worldwide.

Cardano Coin Price Current Statistics:

Cardano Price Chart - 24 June
Cardano Price Chart
  • On June 24, at UTC 08:21, ADA vs. USD was trading around 0.09631 USD.
  • At the same time, ADA vs. BTC was trading around 0.00000894 BTC.
  • The Market Cap of the altcoin was 2,501,539,986 USD.
  • The 24-hour trading volume in the altcoin was 197,859,174 USD.
  • With a return on investment of 345.08%, the total Cardano chips circulating in the market were 25,927,070,538 ADA.

Cardano to USD Price Comparison:

On May 31, Cardano (ADA) was trading around 0.08719732 USD. However, today, after 25-days, the digital coin has climbed up in the trading charts by a substantial margin of 10.45%. Similarly, in weekly charts, Cardano has seen a strengthening of 6.15% from the market price of 0.0906268 USD on June 18.

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Cardano Price Prediction:

There is relative stability in the value of Cardano (ADA). Earlier, on last Monday, the altcoin saw a straight line movement toward the upper side of the chart. However, there is a flat action in the coin as of now. As per our prediction, Cardano will trade around $0.3 – $0.5 by the end of the year. Additionally, the resistance levels for the coin are at 0.098383 USD, 0.102399 USD, and 0.106848 USD. On top of that, the coin has support levels at 0.089802 USD, 0.085237 USD, and 0.081221 USD.

Conclusion:

The Cardano Foundation is doing all they can to fortify its market presence. And by appointing these new community officers, they are assuring their dedicated community of having their say in the decision-making process. This approach of collective growing is doing good for the altcoin, and it is most probable to climb in the top 10 list of cryptocurrencies.

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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