- Cardano ADA Kicks off Recovery Against The USD.
- Cardano is Following the Lead of Bitcoin and Every Other Cryptocurrency.
Cardano News Today – The Cardano Foundation has made significant progress in its development and on its roadmap to Cardano Shelley. As reported by smartereum.com, Cardano released Byron a few days ago shortly after releasing Hydra. This moves the Cardano network closer to the long-awaited Cardano Shelley. Unfortunately, the price of the Cardano ADA token didn’t show any significant change as the network upgrades were installed. Thankfully, things took a turn for the better this morning and the price of the Cardano ADA token started recording gains against the USD.
Cardano Price Analysis – Cardano Gains Bullish Momentum
Over the last 24 hours, the price of the Cardano ADA token has increased by more than 2.49% against the USD. It moved as high as $0.0320 and continued to gain momentum against the USD. Because the price of XRP was struggling to hold above the $0.028 on the 30th of March, the rise above $0.32 is a step up. This morning, the token started the trading day on a positive light at $0.03126. It started to move higher against the USD even if there was a little volatility along the way. A few hours into the day, the price of the token had moved lower to the $0.31032 level.
As the bulls returned to the market, the price of Cardano ADA moved higher once again but this time, it moved as high as $0.03364. This was a significant 8.43% rise against the USD. Shortly after, the price of the token fell again to $0.032. At the time of writing, the price of Cardano ADA was $0.032486. This means that it is up by 3.42% the USD and down by 0.96% against the price of Bitcoin. The trading volume over 24 hours is $106,651,024 and the market capitalization is $842,271,956.
Cardano Isn’t the Only Cryptocurrency That Is Surging
It is important to note that the price of Cardano ADA isn’t the only one that is rising. There is a general bullish trend in the cryptocurrency market. The price of the largest cryptocurrency per market capitalization is $6,954.73. It is up by over 4.45% against the USD. The trading volume over a 24 hour period is $48,134,735,748 and the market capitalization is $127,288,864,210. Other coins are following Bitcoins lead but they aren’t rising at the same pace as BTC. In the next few hours of trading, we would know if the bulls can maintain the momentum against the bears.