Cardano Price Analysis: Cardano (ADA) Touches $0.047; Intraday Recovery Seems Blurry

• Cardano (ADA) price takes a deep dig and drops to $0.047. 
• The coin is expected to recover in a few days. 

Cardano (ADA) was seen dealing with the bulls in the last week’s chart. The coin tried to maintain an uptrend in the market. The traders in the coin were also deeply impressed by the coin. The currency inclined in the rank chart of the crypto market and replaced Tron (TRX). Everything was going well until yesterday’s drop. The market is still drenched in blood. It would take some time for ADA to come out of the downtrend. 

Current Statistics of Cardano (ADA): 

The chart is taken from Trading View on 15th August 2019, at 03:28:00 UTC for price analysis: 

The coin started trading at $0.0522 on 9th August. The coin slipped to $0.047 by 8.51%. Later, the currency escalated to $0.053 from $0.047 by 9.87% on 10th August. On 11th August, the coin continued the escalation. The price counters changed from $0.053 to $0.055. The progression was of 4.81%. On 12th August, the coin embarked the drop. The coin slipped from $0.055 to $0.052 by 5.26%. On 13th August, the price switched from $0.055 to $0.052. Yesterday, the currency dropped by 9.31%. The price counters changed from $0.052 to $0.047. The coin started to trade today at $0.047. 

Cardano Price Prediction and Conclusion: 

Cardano (ADA) endures a great potential and the future of the coin is brighter. We had seen the coin climbing up when the market was slipping down. The hopes from the coin are higher than ever as the entire market is suffering from a great loss. The coin would be seen dealing around $0.080 by the end of 2019. The currency is recommended for long term investors. It would help then draw huge dividends in the future.