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Price Analysis

Cardano (ADA) Price Analysis: Cardano Ups Its Ante With New Partnerships And Announcements

  • Cardano’s Charles Hoskinson has partnered with the global security platform Polymath
  • Cardano to be used to track the adulterated drug trading in Mongolia

The science-based cryptocurrencies can be promising and long lasting. Cardano is one such cryptocurrency which has made it to the top 10 ranking in no time due to its strong scientific backing and research philosophy. The currency is fast, secure, and can be used to solve the real world problems. Cardano team has recently signed an agreement with the Mongolian government to track the usage of adulterated drugs – one of the major problems which have been crippling the country for many years. Cardano is on the right track, and the market data is depicting growth.

Current Statistics:

Cardano Price Chart

  • Cardano is ranked at the 10th position in the global cryptocurrencies list
  • The ROI of the coin stands at 293.22%
  • The circulating supply has been 25,927,070,538 ADA, and the total supply of the coin is 31,112,483,745 ADA
  • As on May 19, 2019 at 01:44:02 UTC, the market cap is 2,073,773,361 USD
  • The price of the coin has reached 0.079 USD & 0.00001102 BTC
  • The 24 h volume is now 124,884,116 USD

Comparison:

The value of the ADA coin moved between the range of 0.100 USD & 0.059 USD in the past 30 days. As on April 22, 2019, at 13:34:02 UTC, the market cap of ADA was noted at 1, 899,364,874 USD. The price of each coin was 0.073 USD and 0.00001388 BTC, and the 24 h volume was 84,301,549 USD. There has been an upward trend of over 8% in the coin value in the last one month. The first resistance level will be reached in a few days at 0.082 USD.

Cardano Price Prediction till 2020:

Cardano’s price has been increased by almost 2X since the beginning of 2019. The highest price of the coin was recorded in January 2018 at 1.33 USD. Cardano is maintaining consistent growth in this year and inking strategic partnerships to multiply its reach. Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, strongly believes that the best is yet to come for this digital asset. The price of each ADA coin can rise up to 0.100 USD by the end of 2019 and can reach as high as 10 USD by the end of 2020.

Conclusion:

Planning for a long term bulk investment in a promising & sustainable currency? Cardano is your best bet. Buy ADA coins and prepare for long term gains.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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