Almost all the top digital currencies in the market just experienced a heavy dip that caused them a significant fraction of their values. Some digital currencies even lost their positions as a result of the massive plunge. Bitcoin Cash (BCH), which recently overtook Litecoin (LTC), also plunged back to the 5th position, paving the way for Litecoin (LTC) to reclaim its position. The only digital currency that was trading in the green, among the top twenty coins in the market, was Crypto.com Chain (CRO). The price of the digital currency was up by more than 25 percent. However, it is currently down by 15 percent and it has plunged to the 23rd position from the 20th position.
Cardano (ADA) is another digital currency that lost its position as a result of the recent dip. Cardano (ADA) was the 11th largest digital currency by market cap, dragging the 10th position with Tron (TRX). Nevertheless, Cardano (ADA) is now down to the 12th position after it was overtaken by Stellar Lumens (XLM).
Cardano (ADA) Could Bounce Back Because of Its Deal with AlgoZ – Cardano Price Prediction – Cryptocurrency Market Update
The founder of Cardano (ADA) is very bullish and positive about the project. He is distinct because of their insistence on research and quality. Despite the recent selloff, the price of Cardano is going to bounce back in the short-term because of its deal with AlgoZ. The deal of the crypto project with AlgoZ could attract more digital asset investors to the digital currency. The price of Cardano (ADA) is down by more than 18 percent over the past seven days. However, Cardano (ADA) has the potential to come back in the short-term.
Cardano (ADA) Price Analysis – Cardano Price Prediction 2019 – Cardano (ADA) News Today – ADA USD Live Price – Cryptocurrency Market Update
Cardano boosts of one of the best smart contracting platforms in the crypto industry. The digital currency has very high trading volumes and it competes with Tron (TRX) and Ethereum (ETH) in the liquidity leaderboard. Cardano (ADA) is one of the best cryptocurrency to invest in 2019 and it one digital currency to watch out for. Cardano (ADA) has achieved a significant level of progress over the past years. The view of the creator – Charles Hoskinson – is to build a reliable network that is scalable, transparent, and whose products are verifiable.
Last year, during the crypto winter, a lot of crypto projects folded up due to the massive price plunge. However, Cardano (ADA) is one of the digital currencies that survived and the digital currency has been thriving since then.
After the recent price plunge in the market, most of the coins in the market are now back in the green. The price of Cardano (ADA) is also trading in the green after amassing a considerable level of gain over the past few hours. Cardano (ADA) is currently supported at the $0.0650 mark. On the upside, the immediate hurdle of the coin is at the $0.0700 mark.
Cardano (ADA) Price Today – ADA / USD
At the press time, ADA USD live price is $0.06869 after an increase of about six percent over the past twenty-four hours. The current market cap of the digital currency is $1.78 billion. The trading volume of the digital currency over the past twenty-four hours is $109.16 million.