Price Analysis

Cardano Vs. EOS: Cardano (ADA) And EOS Dip By 15% Each Within A Day

  • ADA slumps by 15% from $0.060 to $0.051 within a day
  • EOS slips by 15% in a day from $4.32 to $3.64

The current market performances of most of the cryptocurrencies have touched rock bottom as soon as Bitcoin started trading below $10,000 and same is the case with Cardano and EOS tokens. Both tokens seem to be hanging by a thread from hitting record low values in the last few months and it may not improve further any time sooner as indicated in the market statistics of both.

Cardano – EOS Price Statistics:

Since yesterday, both ADA and EOS tokens have recorded 15% downtrend. While EOS dropped from $0.060 to its current value at $0.051 as on July 17, 2019, at 10:59:22 UTC, EOS also dipped from $4.32 to its current value at $3.64. The coins also recorded their respective low values in the last one day. For ADA it was at $0.050 and for EOS it was noticed at $3.45.

ADA-EOS Price Chart
ADA EOS Price Chart
Statistics Cardano (ADA)EOS (EOS)
Price  (USD)0.0513.64
Price (BTC)0.000005440.00039091
Market Capitalization1,325,702,5333,365,353,770
24h volume100,823,6203,175,453,566
Circulating Supply25,927,070,538 ADA923,570,689 EOS
Return on Investment140.07%254.05%

Yesterday, EOS closed at $3.68 while ADA closed the day at $0.052, and both values are higher than their current price. This indicates further downtrend in the prices of both coins in the coming hours.

Cardano-EOS Price Prediction:

It may take some days for the market to revive back to rising trends after a continuous blow to Bitcoin in the past couple of days. This conveys that both ADA and EOS may continue to trend at their current values with slight drops here and there till the end of the week. While by the month-end, ADA may rise with $0.090 and EOS may start trading at $5 again if things revive soon.

Conclusion:

This is the right time to invest in both ADA and EOS tokens only for the long term gains.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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