Cardano (ADA) is one of the most competitive cryptocurrencies in the crypto market. The digital currency, which was among the top ten digital currencies in the market, lost its position to Tron (TRX) recently. At the press time, Cardano (ADA) is the 11th largest digital currency by market cap according to CoinMarketCap. Tron (TRX) is currently the 10th largest digital currency by market cap. Tron (TRX) and Cardano (ADA) have been dragging that position for quite some time now. There has been sinusoidal movements between the two digital currencies.
However, there are some bullish Cardano news today that could significantly boost the price of the digital currency. A slight increase in the price of Cardano will help it to regain its position on the list of top ten digital currencies in the market.
Can Cardano (ADA) Outperform and Replace Tron (TRX) Before the Day Ends? – Best Cryptocurrency to Invest in 2019 – Cardano News Today
Cardano (ADA) might outperform and replace Tron (TRX) at the close of the day. At press time, the market cap of Cardano (ADA) is $1.99 billion and the market cap of Tron (TRX) is $2.14 billion. The difference between the market cap of Tron and Cardano is just $0.15 billion. Both Cardano and Tron are down in the red, and an increase of about 5 percent in the price of Cardano (ADA) can help it to reclaim the 10th position.
If Tron (TRX) continues to trade sideways, then it would give space for Cardano (ADA) to climb up the ladder. Can Cardano take over Tron’s position? Will Cardano price recover before the close of today?
Cardano Foundation Joins Force with GDF to accelerate the Adoption of Digital Finance
The recent Cardano news in the industry is a pretty bullish one and it could significantly enhance the price of the digital currency. According to a recent announcement, the Cardano Foundation is now a member of the Global Digital Finance (GDF). Global Digital Finance is an organization that aims to accelerate the adoption of digital finance. For an organization to join Global Digital Finance, the organization has to go through rigorous processes and thorough assessment. The Cardano Foundation has gone through all the required processes and assessments. As a member of the Global Digital Finance body, the foundation will be looking after Stablecoin, Custody, KYC/AML/CTF, Market Integrity, Security Tokens, and Tax Treatments.
Cardano Price Analysis – Cardano Price Prediction – Cryptocurrency News Today – Cardano USD Price – Cryptocurrency Market Update
Earlier last month, about 25 days ago, the price of Cardano (ADA) was around the $0.0838 mark. Nevertheless, the price of Cardano (ADA) has plunged by more than 8 percent since then. However, the digital currency looks poised to retest that level in the short-term, as there are more bullish Cardano news today to boost the price of the digital currency.
Cardano (ADA) is currently supported at the $0.0740 mark. On the upside, the digital currency is facing a strong hurdle at the $0.08 mark. A break over this level will pave the way for more gains towards its previous highs.
Cardano (ADA) Price Today – ADA / USD
At the time of writing, ADA USD live price is $0.0777 after a decrease of less than one percent over the past twenty-four hours. The current market cap of the digital currency is $1.99 billion with a trading volume of $116.35 million over the past twenty-four hours.