Price Analysis

Cardano Price Analysis: Cardano escalated by more than 8% within 24 hours

With the partnership and increasing engagement between Cardano and AlgoZ, it has been in the news since then. It is said that this partnership will be an automated liquidity solution that will unlock the liquidity in the tokens like ADA for the users to acquire the credibility again.

This news has surely been in the discussion these days. But let’s see if the partnership will bring some real fruits or not.

Price Analysis of Cardano on 20th July 2019:

Cardano (ADA) is currently trading at $0.0615 at 07:56 UTC as on 20th July 2019. The other calculated factors subsidizing in the chart are:

  • Market Ranking: 12
  • Return of Investment: 183.14%
  • Total supply/ Circulating Supply: 31,112,483,745 ADA/ 25,927,070,538 ADA
  • 24 Hour Volume: 70,388,714 USD
  • Market Cap Value: 1,591,361,639 USD
  • 7 Day high/ low: 0.070919 USD/ 0.050071 USD

Cardano to USD Comparison:

Cardano Price Chart - 20 July
Cardano Chart by TradingView

Since yesterday, the value of ADA has an effective escalation. On 19th July at 04:49 UTC, the coin was trading below the baseline at $0.0575, which was dropped by 1.77% at 13:13 UTC on the same day. However, after a few hours, the value was escalated by 7.50% at 23:17 UTC, yesterday with the trading valuation of $0.0608. Today at 04:49 UTC, the value escalated by 2.45% trading at $0.0623, which is now dropped to $0.0615.

Cardano Price Prediction and Conclusion:

Cardano coin trading in the strong bearish zone, this might be an ideal time to ‘buy’ ADA currency foe future gains. But we hope for ADA to surprise us and escalate back with upward momentum. But till then, let’s watch the trend and news closely. By the end of 2019, we hope to see the touchdown of $0.3 $0.5 for better returns.

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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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