Price Analysis

Cardano Vs. Ripple: ADA Records A Mighty Fall While XRP Maintains Stability

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  • Cardano records 5% slump from $0.056 to $0.053 in a day
  • Ripple records 3% decline from $0.32 to $0.31 in a day

This week continues to be one of the slowest for almost of the cryptos. Cardano (ADA) has been affected badly by the slow trends and now trading below $0.055 at $0.053. On the other hand, Ripple (XRP) has also moved downwards since yesterday to trade at $0.31 again. It may take another few days or weeks for these coins to recover and have rising trends. The current market performance depicts further declining trends ahead.

Cardano-Ripple Price Statistics:

As noted on August 7, 2019, at 01:51:03 UTC, ADA coin is trading at $0.053 and it has recorded a downtrend of over 5% since yesterday dipping from $0.056 to its current value. The coin has gained slightly, in the beginning, surging from $0.055 to $0.056 yesterday but has been falling since then. XRP also shares the same story but the fall is a little less. The coin has recorded a downtrend of 3% from $0.32 to $0.31. It first surged from $0.31 to $0.32 yesterday and then started falling drastically.

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ADA-XRP Price Prediction
ADA-XRP Price Chart
Statistics Cardano (ADA) Ripple (XRP)
Price  (USD) 0.053 0.31
Price (BTC) 0.00000463 0.00002710
Market Capitalization 1,386,808,859 13,370,419,197
24h volume 46,495,814 1,048,600,580
Circulating Supply 25,927,070,538 ADA 42,872,646,068 XRP
Return on Investment 147.14% 5,223.24%

Apart from the market value of the coins, the market cap has also declined drastically, followed by ROIs, and the 24 h volumes.

Cardano-Ripple Price Prediction:

Cardano and Ripple have performed well in this year. Currently, both the coins are struggling to keep up the pace but it may change soon. ADA may rise up to $0.060 by the weekend while XRP may start trading at $0.32 once again. Towards the month year, ADA may reach up to $0.3 while XRP may cross $0.7.

Conclusion:

This is a good time to plan long-term investments in both the tokens as the prices are low.

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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