Cardano News Today – Cardano ADA Leads the Altcoin Rally as They Approach the Closing Stretch in May – May 23rd, 2020

  • Cardano ADA Keeps Surging Moving Above the $0.0540 level Against the USD
  • Other Altcoins Are Following Cardano ADA’s Lead This Weekend 

Cardano News Today – Over the last 24 hours, Cardano ADA and many other altcoins have gained significantly against the USD. Cardano has been doing well since the beginning of the year and there is no evidence that the token is going to slow down anytime soon. If anything, we should expect that Cardano will move higher before the Cardano Shelley mainnet launch which will most likely happen next month if IOHK meets its deadline. Considering the rate at which the development Cardano has made so far, there isn’t any evidence to suggest that Shelley will not go live this year.

Cardano Price Prediction – Cardano ADA Leads the Altcoin Market In Never-Ending Rally

The rise in the price of Cardano ADA has inspired other altcoins to rise as well as Bitcoin BTC moves toward the $10,000 level. Over the last 24 hours, the token has increased by more than 10% against the USD. It reached the $0.055 level before the bulls started facing some rejection and the price moved lower to the $0.053 level. Shortly after, the bulls regained the momentum and the price of the token moved up again.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.139

At the time of writing, the price was $0.054831. It is up by 1.45% against the USD and up by 1.81% against Bitcoin BTC. The trading volume is $192,508,268 and the market capitalization is $1,421,607,577. The token has formed strong resistance at $0.055 and $0.057. The strongest support at this time is $0.050. The support before this is at $0.05200. Everything in the technical charts proves that the token has entered a bullish crossover.

The other tokens that have followed Cardano ADA’s lead over the last 24 hours are IOTA, dash. IOTA has gained more than 13% over the last 24 hours. At the time of writing, the price of the token was $0.199941. It is up by 1.58% against the USD. The token had moved as high as $0.21 were it faced resistance. The trading volume is $18,866,788 and the market capitalization is $555,742,384.

Another token that is making progress at the same time is Dash which is trading at $73.77. It’s far from its all-time high and down by 1.61% against the USD. However, it is doing well against the USD over the last 24 hours. It moved as high as $74 before it started recovering lower against the USD. The trading volume is $540,728,361 and the market capitalization is $701,301,374. The next few days of trading will determine if the tokens will maintain this upward trend against the USD.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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