Price Analysis

Cardano Price Analysis: Cardano (ADA) Records 10% Dip Since Yesterday From $0.058 to $0.052

  • Cardano falling from $0.058 to $0.050 concerns traders
  • Cardano may move up to $0.053 by the end of the day

Falling Bitcoin prices have slowed down the momentum for most of the cryptocurrencies, and ADA is also one of the worst hits. The coin has been consistently recording bearish trends and now moved to $0.050 yesterday recording a new low value in 90 days. The current market performance is also failing to provide any substantial picture of the future of this crypto, and this has raised waves of concern amongst the intraday traders.

Cardano Price Statistics:

As on July 17, 2019, at 07:53:17 UTC, the price of ADA token is noted to be $0.052, and it is slowly recovering from the value in the beginning of the day around $0.05242. The coin has recorded a downtrend of over 10% since yesterday when it was observed to be priced at $0.058 and moved in the same range for half of the day until ADA recorded a steep fall from $0.058 to $0.050.

Cardano Price Prediction
Cardano Price Chart by TradingView
  • The current trading price of ADA token is noted to be $0.052 and 0.00000549 BTC
  • The market cap has now reached $1,354,153,843
  • The 24 h volume is $101,951,620
  • The ROI of the coin stands at 143%
  • The circulating supply has reached 25,927,070,538 ADA

Cardano recorded its 90-days low-value yesterday by trading at $0.050. Although the coin has moved up a little, but the long-term effects of this fall may be brutal for the overall performance of the coin in the global markets.

Cardano Price Prediction:

Cardano is trying to make it up to the investors by holding meetups around the world in order to keep them distracted from the falling prices of the token. But, it may not be able to bring any major positive change if the coin does not recover faster. From the current trends, it seems that the month of July will be all about recovery, and it may rise up to $0.095 again by the end. In the next 2 months. Cardano may start moving up and trade between $0.100 and $0.150. By the end of the year, it may trade between $0.3 to $0.5 mark.

Conclusion:

This is the right time for investing in ADA in bulk and save for future profits.

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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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