Cardano Outperforms Bitcoin As Cryptocurrency Bull Market Runs Out Of Steam After Sharp Recovery

Cardano News Today – Cardano was one of the cryptocurrencies that enjoyed the bull run this morning just after Donald Trump talked about Bitcoin and Libra. While the President’s comments were negative, the fact that he knew about Bitcoin and mentioned it was enough to provide exposure and FOMO for the cryptocurrency space. This was what rescued the cryptocurrency market from the negative bear pressure that it suffered a few days ago after Jerome Powell said that Facebook’s Libra is a threat to financial stability and privacy. What’s Next For Cardano ADA? How high will ADA go?

Cryptocurrency News Today – Cardano News Today – Cardano Latest Update – Cardano Price Prediction 2019

The team behind Cardano recently sealed a deal with AlgoZ. This partnership is aimed at making Cardano more accessible to institutional investors. Irrespective of the last Cardano price sell-off that left the ADA token down by about 17% in the last seven days, the Cardano token has a bright future with many gains to come. In fact, the Cardano blockchain is one of the few blockchains that may have what it takes to overtake Ethereum in the next few years. This is all thanks to the Cardano Shelley upgrade that is going to make Cardano ADA 100% decentralized. Cardano Shelley has already been installed on the Cardano testnet but is scheduled to be installed on the mainnet soon.

By partnering with AlgoZ, Cardano will make use of its knowledge base and trading algorithm for liquidity. According to the announcement, several exchanges are already making use of the solution that was provided by Cardano and AlgoZ.

“Our collaboration with Cardano, one of the most inspiring projects in the crypto-asset scene, is expected to increase the liquidity of the token and its accessibility.”

Cardano Price Prediction – Cardano Price Analysis – ADA/USD Price Analysis – Cardano News Today

At its all-time low, the price of Cardano ADA fell to 2.5 cents. Since then, however, it has been on a steady increase reaching the 10 cents level more than three times this year. Unfortunately, the bloodbath in the cryptocurrency market is affecting the price of Cardano ADA so much that it’s now at the risk of falling below the key support at 6 cents. According to the Cardano price analysis on NewsBtc, if ADA falls below this level, more losses will be sustained near-term. The next key support will be around 3.5 cents.

Cardano (ADA) Price Today – ADA / USD [ccpw id=”17320″]

At the time of writing, the price of Cardano ADA was $0.067615. This means that it is up by 2.97% against the USD and up by 4.26% against the price of BTC. The trading volume over a 24 hour period is $121,018,480 and the market capitalization is $1,753,064,046. Right now, the key resistance for Cardano ADA is at 9.5 cents. If the bulls are able to gather enough momentum to break out of this level, there will higher highs near-term. Cardano ADA is going to benefit a lot from a trend reversal of Bitcoin and the entire cryptocurrency market.

What do you think about the Cardano price prediction 2019 in our Cardano news today? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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