Over the last few months, the cryptocurrency industry has been under a lot of bearish pressure. Starting from Bitcoin, the price of cryptocurrencies has been falling against the USD. While the past 30 days has been marked with some price stability, the trend hasn’t corrected yet. Cardano (ADA) has been falling as well. While the price has been rather bearish, the Cardano development team has been working on advancements that will take the platform to the next level. However, the price isn’t going to keep falling as the price action is now changing in favor of the bulls.
Cardano Price Analysis And Recent Project Updates
The recent news about the achievements of Cardano led to a bullish reversal. While the bulls haven’t dominated the market yet, there are signs that it will soon. The bulls may take full control of the market during the last three months of 2018. Some of the fundamentals that will encourage the rise in price were stated in the roadmap released by Cardano.
Cardano (ADA) Price Today – ADA / USD
For starters, Cardano has been able to secure a partnership with Metaps Plus. Metaps Plus is one of the biggest telecom players in South Korea. This partnership is going to promote Cardano a great deal. Metaps Plus and Cardano will work together to develop a prepaid plastic card that will be used to pay for goods and services using ADA coins. This will be available for people living in South Korea. The card will be accepted in over 33,000 stores.
Cardano (ADA) Price Analysis
At the time of writing, Cardano (ADA) was trading at $0.085746. This shows that it is 2.18% higher against the USD and 1.34 higher against the USD. It is in the list of top profitable coins today. A bulk of the trading volume is coming from South Korea. The 24 hour trading volume is $65,404,696. The market capitalization is $2,224,988,115.