Price Analysis

Cardano Price Analysis: Cardano registers new listings to attract mass adoption

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  • Cardano is now listed with KuCoin for trading
  • Cardano may surge to $0.09 and beyond by the end of the month

Cardano has been focusing on increasing the mass acceptance and adoption of ADA token. The coin is also listed on the KuCoin exchange recently and the trading is available for ADA/BTC and ADA/USDT pairs. This places the coin among the top cryptocurrencies offering ease of transactions and exchange through multiple exchanges. In the recent past, Cardano has also partnered with major global organizations like Fintech Association of Hong Kong to expand its reach and attract global crypto enthusiasts. The current market trends may be slow but confirm the progressive approach.

Cardano Price Statistics:

As on July 6, 2019 at 07:36:41 UTC, ADA is noted to be trading at $0.076 and the token has recorded a downtrend of over 9.5% in the last 5 days dipping from $0.084 to its current value. The whole week was a mixed ride for this coin however, the major slump started happening after July 4th when the coin started dipping rapidly to trade below $0.080.

ADA Price Chart

  • The current trading price of ADA is noted at $0.076 and 0.00000673 BTC
  • The market cap of the coin has reached $1,994,409,173
  • The 24 h volume has been $122,301,023
  • The circulating supply of the coin is 25,927,070,538 ADA
  • The ROI now stands at 255.97%

The highest recorded value of ADA yesterday was $0.078 and the lowest was $0.076. There has not been much difference today also and it may close the day around the same price.

Cardano Price Prediction:

Cardano has traversed a long distance since the beginning of the year when it was trading at $0.043. It has registered almost 1.5X growth and has also inked various partnerships which can benefit the token in the longer run. The coin may cross $0.09 by the end of this month and may head towards $0.3 to $0.5 by the end of 2019.

Conclusion:

It is a good time to invest in ADA in smaller chunks and earn benefits every day. Long-term investments can also be planned now.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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