Price Analysis

Cardano Price Analysis: Cardano (ADA) Starts the Month with 3% Downtrend & Trading Below $0.060

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  • ADA may rise up to $0.070 in the second week of August
  • Cardano network gets new wallet which may lead to increased activity on the platform

It has been a slow start to the new month but it may pass soon. ADA may start rising in the second week of August and may move past $0.070 value for exponential growth. The firm is getting attention from global companies to host their wallets on the network and it may result in increased activity on the Cardano platform. ADA token has a lot of potential and ensures higher gains by the end of this year. The current market performance may move to progressive trends now.

 

Cardano to USD Price Statistics:

Cardano Price Prediction- August 01
ADAUSD Price Chart by TradingView

In the last one day, ADA token has again plummeted from $0.061 to its current value at $0.059 as on August 1, 2019 at 04:22:42 UTC. The coin has recorded a downtrend of over 3% in this duration but may surge up to $0.065 by the end of this week.

  • The price of the ADA token is noted to be $0.059 and 0.00000594 BTC
  • The market cap of the coin is now $1,542,205,536
  • The 24 h volume of the coin has reached $44,779,744
  • The ROI of the coin is $174.51%
  • The circulating supply has reached 25,927,070,538 ADA

ADA started yesterday on a good note and reached as high as $0.060 after which it started moving downwards and now trading below $0.060. It may gain some momentum by the end of this day.

Cardano Price Prediction:

ADA may surge to $0.065 by the end of this week or maximum by early next week. The coin has not been able to come out of the $0.062 loop and keeps trading between $0.058 and $0.062. But, it may change from next week onward as ADA crosses $0.065 and head towards $0.080 value by the end of the month. The start of the month is may be slow but the end will certainly be powerful and good.

Conclusion:

As the prices are low, this is a time to hold on to ADA and wait till the value of the coin moves past $0.065.

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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