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Price Analysis

Cardano Vs EOS: Cardano & EOS Ride The Same Boat Of Slumping Trends

  • Cardano records 15% drop from $0.077 to $0.065 within a day
  • EOS records 21% drop from $5.93 to $4.63 within a day

Both Cardano and EOS have been following each other in terms of sudden rise and dips and yet again record a significant price drop within a day. The coins are highly promising and may revive back from these slumping trends very soon. The current market performances of ADA reflect progressive trends ahead, and same is the case for EOS now; however, it may take a little longer.

Cardano-EOS Price Statistics:

In the last day, ADA has dropped from $0.077 to its current value as on July 11, 2019, at 10:14:05 UTC at $0.065. This shows a downtrend of over 15%. Similarly, EOS has also recorded a significant drop from $5.93 to its current value at $4.63, recording a 21% drop.

ADA EOS Price Chart
ADA-EOS Price Chart
Statistics Cardano (ADA)EOS (EOS)
Price  (USD)0.0654.63
Price (BTC)0.000005670.00040361
Market Capitalization1,695,888,6264,284,548,192
24h volume128,247,9653,952,961,653
Circulating Supply25,927,070,538 ADA922,744,750 EOS
Return on Investment202.75%349.24%

 ADA started the day on a better note trading at $0.071 but quickly dipped to $0.063 recording 11$ downtrend within the initial few hours of the day. After that, it has been moving towards recovery, slowly but steadily. Similarly, EOS also kick-started today on a higher note trading at $5.22 but dropped by 17% within a few hours to hit $4.31. It has been trying to recover from this since then.

Cardano-EOS Price Prediction:

Both Cardano and EOS may surge over the weekend and reach their respective high values of the week. While ADA may cross $0.083 value, EOS may head towards crossing $6. By the end of the month, both coins may move past their respective 30-days high values of $0.106 by ADA and $7.59 by EOS and trade above it. While ADA may end the year trading around $0.3 to $0.5, EOS may reach up to $10.

Conclusion:

This is a good time to invest in both EOS and ADA and save for long-term gains as the coins may take a little longer to start yielding profits.

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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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