Cardano Price Analysis: Can Cardano (ADA) Outperform Tron (TRX) And Return to The Top Ten?

Cardano (ADA) has been having a nice time in the crypto market recently. The recent bullish wave in the market is contagious and almost all the digital currencies in the market have been feeling its effect. At the press time, a massive price rally is going on, with Bitcoin (BTC) at the forefront of it. The price of Bitcoin (BTC) is up by more than 13 percent over the past day. BTC USD live price is $12,750 according to CoinMarketCap.

Cardano Price Trend – Cardano Price Prediction 2019 – How Far Can the Price of ADA Go?

The price of Cardano (ADA) is also on the rise. Over the past day, ADA USD live price has increased by more than 3 percent. The recent crypto bull pushed the price of Cardano (ADA) to a new year-to-date high. Cardano (ADA) tested its all-time high back in January last year at $1.35. All through the year, the price of the digital currency was on a downward trend. The price of Cardano hit a low of $0.095 in August last year, after a rollercoaster ride. The price of the digital currency continued to plunge until it hit a low of $0.03 in December last year.

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.058706
2.96%

However, since the beginning of this year, the price of Cardano (ADA) has been rising gradually. The price of the digital currency skyrocketed during the massive crypto bull in April and the one seen a few days ago. At the press time, the digital currency is encountering some challenges and it seems stock around the $0.095 level.

Can Cardano Knock out Tron (TRX) and Reclaim Its Position on the Top Ten? Cardano Price Forecast 2019

At the press time, Cardano (ADA) is the 11th largest digital currency in the world by market cap, according to CoinMarketCap. Tron (TRX) is holding the 10th position on the list of top digital currency. The price of Tron (TRX) is down by about two percent over the past twenty-four hours. Whereas, the price of Cardano (ADA) is up by about three percent. The current market cap of Tron (TRX) is $2.59 billion. The current market cap of Cardano is $2.55 billion. The difference in the market cap of both digital currencies is $4 million. As such, a slight increase in the price of Cardano (ADA) will earn it a position on the top ten cryptos in the market.

If Tron (TRX) continues to trade sideways for the rest of the day, it might lose its position to Cardano (ADA). Also, if Cardano can break over its immediate hurdle in the next couple of hours, it is going to knock Tron (TRX) out of its position. If this happens, Cardano will become the 10th largest digital currency by market cap.

Cardano Price Analysis – Cardano Price Forecast – Cardano Price Prediction – ADA USD Live Price – Cryptocurrency News Today

At the press time, Cardano (ADA) is facing stiff resistance on the upside. Cardano (ADA) is currently finding it difficult to break over the $0.1 mark. A break over this level is needed for Cardano to return to the list of top ten digital currencies in the market. ADA USD live price is $0.0930. On the other side, the immediate support of the coin is at the $0.09500 mark.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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