Cardano (ADA) Up By 5% In Altcoin Market Rally, How High Will Cardano (ADA) Go?

Cardano News Today – Cardano (ADA) was one of the top gainers in yesterday’s altcoin rally. Days after the entire market suffered a bleed out along with their big brother, Bitcoin, they attempted a recovery. The price of Cardano ADA was up by over 5% against the USD. There are several factors that contributed to the bull rally including the recent partnership with AlgoZ that allows Cardano to enjoy liquidity services. This move alone is going to lead to a boost in the price of Cardano. How high will Cardano (ADA) go?

Cardano News Today – Cardano Price Prediction 2019 – Cardano Latest Update – Cardano Price Up By Over 5% Against The USD

After Cardano announced the partnership with AlgoZ, our Cardano price prediction stated that the price of the token was going to hit the $0.120 level in the coming months. However, along with the rest of the cryptocurrency market over the last five days, the price of Cardano has been struggling to overcome the bearish storm. Thankfully, there was a breath of fresh air yesterday when the cryptocurrency spiked. The bears ran out of steam and the bulls were able to gain some ground in the market. The announcement from the team behind Cardano right after the AlgoZ partnership was as follows;

“Cardano Foundation – in line with its mission to drive the adoption of #Cardano – has elected #Algoz to provide liquidity services. Algoz will also provide an ongoing analysis of #Ada’s order-books and movements across various exchanges. @Algoz_io #cryptocurrency #blockchain.”

While the partnership will hopefully lead to a surge in the price of Cardano ADA, it is difficult to determine when a more sustainable bull run will start or how long the current price trend will last. The cryptocurrency market is as unpredictable as ever.

Cardano Price Prediction 2019 – Cardano News Today – Cardano Latest Update – Current Price Of Cardano ADA

This morning, the price of Cardano ADA touched the $0.058 level maintaining an upward trajectory for the first time in five days. The fact that it was able to move from $0.055 to $0.058 after falling significantly to the $0.053 level was impressive. At one point, the price of Cardano ADA moved as high as $0.059 before it started to decline against the USD. Even with the impressive performance over the last 24 hours, Cardano ADA is still down significantly in the last 30 days.

Cardano (ADA) Price Today – ADA / USD

Name Price
cardano
Cardano
$0.049-1.39%

At the time of writing, the price of Cardano ADA was $0.057120. It is down by 2.28% against the USD and down by 1.11% against the price of BTC. The trading volume over a 24 hour period is $61,697,337 and the market capitalization is $1,480,952,067. For now, it’s not clear if the bulls have retreated permanently or they will return to the market with full force. The next few trading sessions will determine the next steps for ADA.

What do you think about the current price of Cardano ADA 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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