Cardano ADA started the week on a slow note with a value of $0.075 but picked up the pace with a price value of $0.080. Cardano price seemed to oscillate during the beginning of the month of July but has taken a stable turn as it crossed the $0.080 mark. This is seen as a significant improvement for a cryptocurrency that has been regarded as the underdog in the industry.
Cardano News Today – Cardano Latest Update – Cardano Price Analysis – How Is Cardano ADA Faring?
Cardano latest update shows that Cardano ADA ranks among the top twenty cryptocurrencies in the market. Cardano is known for its stand on quality and blockchain principles. Cardano is a major player in the DApp world as Cardano platforms are seen as one of the best in the industry. Cardano is one of the few crypto banks that do a dApp audit before releasing any project to the masses.
ADA News Today stated that though ADA coin recorded a dip of 1.2% over the last few days, it continues to trade in the price range of $0.082 and shows promise of increasing to a high of $0.090. With this promising trend, the week may end on a promising note if the price holds steady. Analysts have predicted a value of $0.910 if the trend continues.
Cardano (ADA) Price Today – ADA / USD
Cardano news today noted that the current statistics of ADA show that the coin is priced at $0.082 and has a value of 0.00000696 against the Bitcoin BTC. Its 24-hour volume is over $100 million and has an ROI of 278.86%. The ADA coin has a circulating supply of about 25 billion ADA. The Market Cap value of ADA coin stands at over $2 billion dollars.
There is the likely possibility that the value of ADA may rise to $0.100 in the next few days as shown by the rise in its price. There is also the possibility that ADA can surpass its high value of $0.106 in the next few months. Analysts predict a further rise in the value of ADA as the partnerships entered earlier this year begin to bear fruit. There are hopes that Cardano price may reach $0.3 before the year runs out.
This will be a welcomed development as presently, Cardano price has been in a bullish triangle when traded against Bitcoin BTC. The Relative Strength Index or RSI for Cardano shows it in an oversold zone. Records show that the RSI for Cardano falls into the oversold zone when the price has been in a bullish triangle.
Cardano Price Prediction 2019 – Cardano Price Forecast – ADA News Today – Buy The Dip
ADA’s oscillating price value against the USD can be seen as a potential investment for risk-off traders since risk-averse traders are certain to wait on the sidelines, waiting for the 9.5 cents gain in a trade. Cardano price reached its highest point in the month of June with a value of $0.105. There are speculations that with the latest trend, Cardano may surpass that value by year’s end.
ADA News Today revealed that Cardano ADA price value is expected to climb in the next few months. It is believed that large scale investment in Cardano will yield good returns in the short and long term as the price value continues to rise.
What do you think? Is the Cardano price prediction in our Cardano news today going to happen? Will the price of Cardano ADA rise significantly mid-term? Share your thoughts in the comment section below.