Price Analysis

Cardano Price Analysis: Cardano (ADA) Surges 3% Within A Day From $0.055 to $0.057

  • Cardano may focus on new markets for expansion of blockchain
  • Cardano may close the day trading between $0.060 and $0.065

After dropping below $0.060, Cardano seems to be reviving back to pick up momentum and trade above $0.070. The coin opened the day on a good note as compared to yesterday, and this little progress may lead to surging trends over this weekend. The current market statistics also point towards the positive direction now.

Cardano Price Statistics:

In the last one day, ADA token has shown an uptrend of 3% rising from $0.055 to its current value at $0.057 as on July 16, 2019, at 10:36:50 UTC. The coin has also surged as high as $0.060 between the two days, which is also near to the opening value of the token today as compared to yesterday when it was $0.058.

ADA Price Prediction
ADA Price Chart
  • The current trading price of ADA token is noted to be $0.057 and 0.00000544 BTC
  • The market cap of the coin is now $1,510,331,618
  • The 24 h volume of the coin has reached $102,257,957
  • The ROI of the coin stands at 167.45%
  • The circulating supply has reached 25,927,070,538 ADA

Cardano’s highest recorded value yesterday was $0.060, and it closed yesterday at $0.059 post which it picked up the pace and started trading at $0.060 again for a brief moment. The coin has recorded downward movement since then but may gain speed by the end of the day.

Cardano Price Prediction:

ADA token has been performing well since the beginning of this year and at times has soared beyond expectations also. This is a slow phase for almost all the cryptocurrencies due to fluctuating prices of BTC, and it may take a few more weeks for the market to go up again. Till then, ADA token may trade between $0.060 and $0.080. By the end of the month, it may rise up to $0.095.

Conclusion:

As the prices are very low, this is a good time to plan investments in the token for future gains.

Tags

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.
Back to top button
Close