Cardano Price Analysis: Cardano (ADA) Finds Strong Support at the $0.08 Level as It Heads for $1

cardano ada price

Cardano (ADA) is one of the highest gainers in the recent crypto bull run. The price of Cardano surged higher and outperformed many altcoins in the market. Two days ago, EOS price was ranked as the best performer in the altcoin market. After that, Cardano price followed suit. Will Cardano go up? The recent Cardano price trend has been very impressive.

Cardano is one of the leading altcoins in the recent crypto bull run, according to CoinMarketCap. This is due to the numerous bullish Cardano price prediction 2019 and the bullish news around the coin. Cardano has been experiencing steady development, and this has attracted many digital asset investors to the coin. Many now refer to Cardano as one of the best cryptocurrency to invest in 2019.

Cardano Price Leads the Crypto Bull Run – The Best Cryptocurrency to Invest in 2019

Recently, Smartereum.com reported that Cardano (ADA) is at the top of its game. Cardano led the recent bull run as it outperformed XRP (XRP), Ethereum (ETH), Bitcoin (BTC), and others. The price of Cardano leveraged on the crypto bull run and surged towards the 10 cents level. Cardano has secured a lot of strategic partnerships over the past year, as more firms are now shifting their focus from blockchain deals to digital currency markets. Will Cardano go up? Definitely, but this might take some time. However, the long-awaited Cardano price recovery has started, so Cardano price will go up.

Haskell Programming Language Backs Cardano (ADA)

Haskell recently announced its support for Cardano (ADA) and the decentralized blockchain platform of the project. The project is designed by a group of expert engineers and researchers. They created it with the aim of building a smart contract platform that delivers smart features. Cardano has proven its worth in the cryptocurrency space and the team behind the coin is still working to improve the relevance of the coin in the industry.

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.097247
0.80%

At the time of writing, the price of Cardano is $0.0852 after a decrease of less than one percent over the past twenty-four hours. Cardano (ADA) is currently holding the number 7th position on the list of top digital currencies in the world by market cap. The current market cap of the digital currency is $2.68 billion and its trade volume over the past day is $216.01 million.

The price of Cardano (ADA) at the beginning of this year was $0.04. Over the past few months, the digital currency has amassed gains gradually. From January until March, Cardano price increased by more than 50 percent. Cardano wasn’t left out in the recent crypto bull run. While the Cardano price prediction 2019 is still pretty far, the digital currency surged enormously after the recent crypto bull run.

Cardano Price Prediction 2019 – Cardano Price Analysis

After testing new highs and amassing more gains, the 9 cents level acted as resistance for the coin. The near-term Cardano price prediction 2019 is the 10 cents level. If the bearish pressure continues, the price of Cardano might hit that level by next week. Cardano price is strongly supported at the 8 cents level. The next crypto bull run is what Cardano is waiting for to hit the 10 cents level. A break over the 9 cents will pave the way for more gains towards 10 cents and beyond.

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