Cardano ADA News Today – Cardano Price Rose by 60% in Less Than 40 Days 

  • Cardano ADA price has enjoyed a bullish month.
  • Cardano is one of the best gainers this year with a 58.84% rise.
  • The price of Cardano might approach its next resistance at $0.060829. 

Cardano News Today – this year has been great for digital assets so far. The tide has turned to favor altcoins in a way that BTC’s stronghold over the market has did not affect how things have played out. One of the tokens that have benefited from this bullish season is ADA. Cardano has now become one of the highest gainers in the market in the last month alone. The coin’s price has been up by an impressive 58.84%. Its value has risen by $0.059352 from $0.037364 in the last 30 days. Let us see how ADA managed to achieve its recent progress in the last month.

Cardano ADA Price Opened Trade at $0.037364 on the First Week of Last Month

The price of Cardano opened on trade on January 7 at the $0.037364 area. Over the following 14 days, the ADA price jumped by 29.93% to trade at the $0.046306 region. In the following few days, Cardano’s price witnessed a marginal sloppy movement. Although this didn’t last long, because, the momentum resumed once again on January 24. Between January 24 and January 29, the price of ADA swelled up by 38.17% to trade at the $0.057398 region. The last swing for ADA/USD pair happened between 30 January and 5 February. During these six days of trade, the price of Cardano managed to post another hike of 14.42%. This rise took its price up by an additional $0.0075 helping it to reach the $0.059833 position of which is reportedly the highest point for the month of January.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.00

Cardano News Today – The price of ADA has enjoyed a remarkable 58.84% rise since last month. This rise also reflected in its market cap. Cardano’s market cap as of January 7 was at $960.513 million. In this last month, the coin’s market cap has been risen to $1.533 billion. Cardano’s current price which sits at the $0.059352 position is trending above the coin’s 20-day Moving Average at $0.059207 and 50-day Moving Average at $0.058361 by decent margins. In the coming days, Cardano’s price action is likely to be bullish. Although, the coin may stumble on its next resistance position at the $0.060829667 region. However, ADA may not completely dispose of price fluctuations or volatility in the short-term.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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