Cardano Price Shows Promise as its Single-Day Trade Volume Reaches $49.21 Million

Cardano is a promising digital asset. However, it has been mostly ignored in the past. Many have failed to see the prospects of the price of Cardano in the Long-term. The issue here is that most crypto enthusiasts or investors and traders don’t follow the cryptocurrency. So it’s difficult to stay informed about its prospects. This Blockchain offering is staying high when it comes to creating solutions that can make user experience better. Now, according to data given by CoinMarketCap, the price of Cardano has moved in $49.21 million in daily trading volume as of April 27.

Cardano Price Prediction: The Price of Cardano Can Increase By 4x in the Long-term

According to crypto experts, the price of Cardano has the potential to increase by 4 times in the long-term. This is actually a clear indication that the price of Cardano is bullish. So far Q1 of this year has been favorable to the price of Cardano. Many experts believe that Cardano may actually be one of the best cryptocurrency to invest in 2019. The coin is expected to be a top gainer this year.

The price of Cardano has performed impressively so far since the turn of this year. The digital asset has maintained a steady market capitalization in the same period. Despite the unstable bullish runs Cardano has still maintained its push in the last week. As the scenario of Bitcoin and several other altcoins continue to undergo pivotal changes over the month, Cardano has taken advantage by adding a few instituting several solutions to improve the project.

Cardano Price Prediction: The Price of Cardano Has Being Aided by the Goguen Project and the KEVM Testnet Launch

Cardano has been focused on getting better and providing more solutions to benefit its users. The Blockchain’s founder has always restated his desire to improve the network. Charles Hoskinson has been commended by members of the Cardano community for keeping users informed with his long AMA sessions about the functionality of the network.

Cardano’s announcement of the Goguen Project has definitely helped the price of ADA. The decision to carry on with the launching of the KEVM testnet has also managed to create awareness about the digital asset which has seen the price of Cardano impress were others have flopped. Cardano is currently number seven currency on the list of the top coins according to Coinmarketcap. The digital asset has amassed a market cap of $5.6 billion as of press time.

Cardano Price Prediction: The Price of Cardano is Up By 1.6%in the Last 24 Hours

According to data given by CoinMarketCap, the price of Cardano traded up 1.6% against the USD in the last 24 hours on April 27. CoinMarketCap shows that a Cardano coin can go for $0.0697 or 0.00001326 BTC via exchanges like OKEx, Bithumb, Gate.io and Altcoin Trader. The price of Cardano is accompanied by a market capitalization of $1.81 billion. It further shows that approximately $49.21 million in ADA was traded via crypto exchanges in the last 24 hours. In the last seven days, the price of Cardano has traded under 8.7% against the USD.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.