Price Analysis

Cardano Price Analysis: Cardano Records 5% Surge Since Yesterday From $0.055 to $0.058

  • Cardano elects Algoz for liquidity services to increase mass adoption of ADA token
  • Cardano may yield better growth in the coming months trading above $0.120

Cardano has been on the bearish trends since the last five days, but it is over now as the coin is bringing on new partnerships to increase mass adoption of the ADA token. The strategic move may help the Cardano coin gain its surging momentum and push itself to cross new benchmarks sooner. The current market performance is just a transitory phase for the upcoming action-packed performance by ADA.

Cardano Price Statistics:

As on July 19, 2019, at 06:25:47 UTC, the price of ADA token is noted to be $0.058 and is moving upwards. ADA has recorded an uptrend of over 5% since yesterday rising from $0.055 to its current value. The coin first dropped from $0.055 to as low as $0.053 and then starting surging steeply to reach $0.059. It traded around the same value for some time and has now declined a bit.

Cardano price chart - july 19
Cardano chart
  • The current trading price of ADA token is noted to be $0.058 and 0.00000552 BTC
  • The market cap has now reached $1,509,522,855
  • The 24h volume of the coin is noted to be $81,848,681
  • The ROI of the coin stands at 168.11%
  • The circulating supply has reached 25,927,070,538 ADA

Cardano’s highest recorded value yesterday was $0.059, and it may move past this and start trading above $0.060 today. The coin closed the day at $0.058 yesterday, and this may also change to $0.059 today or above today.

Cardano Price Prediction:

Cardano (Cardano to USD) had started this week trading around $0.061, and it is expected to close the week on the same value keeping the average somewhere at $0.059 of this sluggish weeklong trends. The coin may rise in the next week and start trading above $0.060 again. It may also end the month on a better note by reaching as high as $0.095 and then ADA may start trading at $0.100 again.

Conclusion:

It is a good time to invest in ADA, but the everyday gains cannot be counted upon due to the fluctuating behavior of the token.

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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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