Cardano News Today – Evolve Adds Cardano ADA With 100x Leverage While ADA Gains Momentum Against the USD – July 15th, 2020

  • A Bitcoin Derivatives Market, Evolve, Adds Cardano ADA and Offers 100x Leverage 
  • Cardano ADA Price Surges Higher Against the USD After Minor Downside Correction 

Cardano News Today – Cardano ADA has just been added to Evolve Markets, a Bitcoin derivatives trading platform. According to the announcement made by the company today, the token is now available to traders on MetaTrader 5 and Webtrader. This platform will 100x leverage for Cardano ADA and this is a big deal for the token. It’s not a surprise that Cardano ADA has been added to the Markets since the token has gotten a lot of popularity in recent times thanks to the Cardano Shelley development and all the accompanying updates. The price of the Cardano ADA token has also done exceptionally well in the last few months rising by more than 200% against the USD and outperforming the rest of the market

Cardano ADA Price Prediction – Cardano Bounces Back After Price Correction

Yesterday, the Cardano ADA token corrected lower against the USD falling by more than 6% before the end of trading. As stated in our ADA news at the time, the bearish correction didn’t mean that the bulls were out of the game. Toward the end of trading yesterday, the token started to gain enough momentum and moved above the $0.12000 level against the USD. Cardano ADA has bullish prospects short and mid-term. This morning, it moved as high as $0.12000 before it started consolidating. The price of the token is currently trapped inside a contracting triangle leaving two possible sceneries.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.111

If ADA continues to rise against the USD, it will retest the $0.1300 level and might cross $0.1400 level near-term. If ADA moves above the $0.1400 level, there is a strong chance that it will test $0.1600. On the other hand, if Cardano ADA falls below the key support at $0.2100, there is a strong chance that the $0.1100 level will be reached near-term. At the time of writing, the price of ADA was $0.129977. It is up by 4.48% against the USD and up by 4.07% against Bitcoin BTC. The trading volume over a 24 hour period is $411,392,585 and the market capitalization is $3,369,927,909.

The Cardano Shelley update will soon be complete. IOHK and the Cardano development team have announced that the main hard fork is going to go live on the 29th of July. So far, all the other updates, including the code implementation earlier in the month, have been successful. There is a strong chance that the token will keep rising even after the update is complete. However, it must find a way to stay above the $0.1100 mark if higher highs are to come near-term.

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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