Price Analysis

Cardano Price Analysis: Partnering Actively with Governments and Organisations to Widen its Outreach

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Recently, The Cardano (ADA) Foundation is invited to Asia Blockchain Summit in Taipei in July. The foundation will discuss the real-world applications of blockchain technology. Again, it decided to celebrate this month as a month of “Pride to Belong”, where the foundation will express gratitude to those greats who have contributed substantially to data science. This week, they are remembering Alan Turing, who had deciphered the Nazi codes during World War II.

Cardano Price Current Statistics (On June 08, at UTC 08:22):

Cardano Price Chart - 8 June

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  • The current price (USD) of Cardano (ADA) is $0.084546.
  • ADA price (BTC) is trading around 0.00001069 BTC per chip.
  • The current rank of Cardano (ADA) is 12th in the crypto chart.
  • On top of that, the MCap of the altcoin was 2,197,998,313 USD.
  • The 24-hour trading volume of Cardano is $126,285,918.
  • Additionally, with an ROI of 291.07%, the total circulating supply of Cardano chips are 25,927,070,538 ADA.

 ADA Price Comparison:

Now, let’s do a price comparison of Cardano and analyse the variation in it over a period of 25-days. In connection to that, on May 14, Cardano (ADA) was trading at 0.070841 USD. However, it showed a huge amount of growth and today, the digital coin is trading with a jump of 19.34%. But again, in weekly charts, Cardano (ADA) is down by 9.09% from the marked price of $0.093 on June 01. Nevertheless, yesterday was a slightly fair trading day for Cardano, as the coin opened at 0.083406 USD and wrapped the day up at 0.085807 USD, with a marginal hike of $0.002401 USD (2.88%).

 ADA Price Prediction:

If you look at the overall trend in the market, there is a sense of stability coming in. This is a sign of a stable Bull Run for the future. The last bull run was a sudden one and soon declined at the same pace. As of now, the altcoin seems to be all set to hit the $0.1 to $0.3 mark by the end of the year

Conclusion:

As of now, the cryptocurrency is making a lot of good news. On top of that, they are working hard to extend the market reach of Cardano (ADA). The long term perspective should be kept in vision while going for trading.

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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