Cardano embarks on the day with a bearish trend with its intraday movement. Despite the bump in the opening hours, ADA is dealing with profit. The reason behind the same could be the latest fluctuation in the market, which has resulted in a chaotic scenario lately. Although, one of the big forces like Ripple is benefiting from the same.
Looking at a broader picture, Cardano began the month trading at $0.038 whereas, the current trading price is $0.043 as on October 9, 2019, at 09:06 UTC.
Cardano Price Analysis:
Yesterday, Cardano registered an upsurge in the opening hours of the day as the price jumped from $0.041 to $0.042 by 1.37%. Later, the price changed and slipped to $0.049 by 3.69%. Towards the closing of the day, the price recovered from $0.040 to $0.041 by 2%. However, the price movement registered a slight loss of 0.48% as the coin closed the day around a similar level. Today, the day brought heavy movement in the price. The first few hours brought downtrend as the counters switched from $0.041 to $0.040 by 1.21%. Further, Cardano skyrocketed the price from $0.040 to $0.042 by 5.15%, and the coin is currently trading at $0.042.
As per the coin’s last weeks’ performance, it indicates that Cardano holds great potential and has managed to keep up during the volatile period. In the past, Cardano has given remarkable results to the investors, and we are positive that the future in ADA would fetch flourishing return.