Cardano News Today – Cardano is one of the blockchains with high potential for success in the space. Just like Ethereum, the Cardano blockchain is a smart contract and decentralized application blockchain that has many use case. The team behind Cardano is focused on using the Cardano blockchain to introduce decentralized ledger technology in developing nations rather than focusing only on developed nations. So far, they’ve already made progress in many parts of Africa. The ADA token, just like the ETH token, is the fuel that is used to run the Cardano blockchain. So, it has a market value. In the beginning of the year, our Cardano price prediction 2019 according to our Cardano news was bullish. There was a high chance that the coin was going to remain on the bullish lane for the rest of the year. So, what happened to Cardano?
Cardano News Today – Cardano Price Prediction 2019 – Cardano Price Forecast – What Happened To Cardano?
Over the last few months, the price of Cardano ADA recorded gains. At one point, it increased above the $0.100 level and it was certain that the Cardano Shelley upgrade was behind it. After all, Cardano Shelley is the project that is going to make the Cardano blockchain 100 times more decentralized than Bitcoin. So, this accumulation was the only way to benefit from the future price hike. Unfortunately, the bull rally was short lived. The price of Cardano ADA started to fall until it got to its current levels.
Cardano (ADA) Price Today – ADA / USD
While the price of Cardano isn’t going too well, the Cardano price prediction 2019 on CryptoNewz still places the target for Cardano ADA at $0.200 before the end of the year. This is despite the fact that ADA has been disgraced out of the top ten and is now struggling to retain the 12th position on CoinMarketCap. According to the Cardano price analysis, irrespective of the current price action of Cardano ADA price prediction is still bullish against the USD mid-term.
Yesterday, the price of Cardano fell by more than 3.57% within less than four hours. It subsequently spiked by about 5.34% but this was followed by another loss of over 9%. The roller coaster ride continued and the price of Cardano ADA rose by about 4.19%. In fact, the last 24 hours have been full of major price swings for Cardano ADA.
Cardano News Today – Cardano Price Prediction 2019 – Current Price Of Cardano ADA
At the time of writing, the price of Cardano ADA was $0.062374. This means that it is down by 7.96% against the USD and down by 2.54% against the price of BTC. The trading volume over a 24 hour period is $96,514,422 and the market capitalization is $1,617,183,638. If the price of Cardano ADA can manage to rise above the $0.0700 level, it would gather momentum for a brief bull run. The expected resistance levels for the price of Cardano ADA will be at $0.072, $0.073 and $0.076. If the price of Cardano isn’t able to rise above the $0.070 level, it will fall and find support at $0.063, $0.061, and $0.057.
If you want to make short-term profits, buy as close to the support at $0.057 as possible and wait for the bulls to gather some momentum. Otherwise, keep accumulating each time there is a fall and hold your tokens long-term.
What do you think about the Cardano price prediction in our Cardano news today? Is the Cardano price prediction 2019 still bullish against the USD? Share your thoughts about the Cardano price analysis in the comment section below.