Price Analysis

Cardano Price Analysis: Cardano Records 29% Dip in the Month From $0.082 to $0.058

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Cardano started playing in the main leagues very quickly since its inception. The coin has gained this popularity through its strong scientific model and the firm’s efforts to bring renowned partners on board. ADA coin has also been performing well since the beginning of the year when it was trading at $0.041. There has been almost 2X surge since then, and the current market statistics paint a much progressive picture for the future.

ADA to USD Price Comparison:

In the last one month, ADA coin has shown a downtrend of over 29% dipping from $0.082464 to its current value at $0.058833. The coin moved around $0.080 till July 10 after which it started moving drastically downwards and hit as low as $0.050273 which also almost coin’s 90-days low value. Although, ADA has recovered from this value in the last one week but still quite far from reaching $0.082 again.

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Cardano price chart - july 28
Cardano Chart By TradingView

Current Statistics of Cardano:

  • Cardano price is noted to be $0.058833 and 0.00000618 BTC
  • The Market Cap of the coin has reached $1,508,517,358
  • 24-hour volume stands at $50,326,047
  • ROI of the coin is noted to be 171.97%
  • Circulating Supply has been 25,927,070,538 ADA

Cardano coin’s highest recorded value yesterday was $0.06367, but it started dipping slowly afternoon and closed the day trading at $0.059871. The slow pace is continuing till today also, and it may close the day trading around $0.060.

Cardano Price Prediction:

Cardano’s 90-days highest value was $0.106910. The coin may reach this value in the upcoming months. It may close this month trading around $0.070 and may move up gradually to touch better highs. The current slow momentum of Cardano points towards a target of $0.9 by the end of this year and that too if everything picks up the pace soon.

Conclusion:

This is a perfect time to plan bulk investments in Cardano for future benefits. The coin is highly lucrative in the long run.

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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