Cardano News Today – Bitcoin has been on a surge for a long time now. While it left the altcoins behind at the beginning of the bull rally, few altcoins like ADA, XRP, ETH and some others have joined Bitcoin. Cardano ADA has gotten back to the top ten as it is up by more than 10% against the USD. For the first time in weeks, the price of ADA has successfully moved above the resistance at $0.1000. If the bulls continue to thrive, ADA may sell as high as $0.1100 near-term. The rise in the price of Cardano isn’t coming as a surprise. Everyone in the cryptocurrency market has been expecting the price of ADA to rise as the Cardano price prediction 2019 has been bullish since the beginning of the year.
Cardano News Today – Cardano Price Prediction 2019 – ADA Starts To Rise, Surges Above The $0.1000 Level
During the cryptocurrency bull run in 2018, the price of Cardano ADA reached an all time high of $1.35. This was followed by a drop in price which lasted throughout the year. It fell as low as $0.0300 before the bulls staged a comeback. It wasn’t until the beginning of this year that the price of Cardano ADA started to recover against the USD along with the rest of the cryptocurrency market. It managed to surge above the $0.1000 level in April but it later started falling and was unable to retest this level until today.
Cardano (ADA) Price Today – ADA / USD
The price of Cardano remained in the bearish territory for weeks because of the appearance of the bearish divergence on the long-term relative strength index. Thankfully, things have changed and the bulls are now in control of the market. In our last Cardano news, we noted that the price of Cardano ADA was going to increase by 100% after the Cardano Shelley upgrade. With the current bull run, it’s possible that this prediction is being fulfilled.
Cardano News Today – Cardano Price Prediction 2019 – Cardano Latest Update – Why Is Cardano ADA Rising? Current Price Of ADA
At the time of writing, the price of Cardano ADA was $0.104960. This means that it is up by 10.48% against the USD and down by 2.18% against the BTC. The trading volume over a 24 hour period is $358,862,231 and the market capitalization is $2,721,305,964. If Cardano is able to maintain the bull run, it will surge above $0.1100 near-term.
There are many factors contributing to a rise in the price of ADA. For starters, there is a lot of anticipation surrounding the Cardano Shelley upgrade. Right now, the Cardano Shelley is already active on the testnet. This move alone has encouraged a surge in price. There is also the effect of the Bitcoin bull run. Bitcoin has been rising significantly against the USD. It was trading above the $12,000 level at the time of writing and had no plans of slowing down. Some traders are calling for a rise above $100,000 in an epic parabolic bull run.
What do you think about the Cardano price prediction 2019 in our Cardano news today? Share your thoughts in the comment section below.