Cardano Price Stuck In A Downtrend Despite Bullish Cardano Price Prediction

At the beginning of the year, crypto traders and investors have been anticipating the “alt season”, a season for Altcoin to outdo Bitcoin. The Cryptocurrency markets have been in a wrestle between those who are in doubt between that political interests might affect Bitcoin and Altcoins, and believers, who have trust that technology will win. Altcoins continue to fall in both USD value and Bitcoin trading value. The pressure on Alts has help Bitcoin paves through resistance. Cardano has provided a return on investment (ROI) of almost 1500%. Despite its current market value, Cardano has been listed for trading on leading cryptocurrency exchange including Bittrex, Upbit, Binance, and Crytopia. Cardano has the potential to become among the leading cryptocurrencies globally, even ahead of the current market leaders, Bitcoin and Ethereum. The most active exchange that is trading Cardano currently is Binance.

ADA Latest News – Cardano Latest Update – Cardano Price Prediction – Cardano Price Analysis

The state of Altcoin like ADA is running at a loss because of its unpredicted rise and fall in the crypto sphere. The unsteady and chaotic disposition of bitcoin also played an important role in bringing down the prices of ADA notwithstanding its potentials. Crypto Analyst has predicted that no new projects similar to Altcoin like Cardano are expected to succeed until the market situation improves positively over time.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.0441.05%

As seen from the chart illustrating the rise and fall of ADA, it is glaring that ADA is presently being traded in a bearish zone. Its worth has been falling recently following the fierce battle going on in the crypto sphere. Observations from yesterday show that ADA is being traded in a bearish zone with a subtle peek at the bullish zone. Its strength has also fallen downwards, making it difficult for ADA to retain its bullish trend without a stir. As of July 23, 2019, it was traded at 0.0594 USD and on 24th July, 2019, the price dropped drastically to 0.0538 USD. This price change in ADA made it lose up to 8.41% within 24 hours. It can be said that it may move between the same zones for a while. The return of investment (ROI) of ADA has come down drastically from around 180% yesterday to 157% today. The coin recorded the highest value at $0.062 yesterday but may not be able to move beyond $0.060 today.

ADA Price Prediction – ADA Price to Improve With Time

ADA is presently experiencing an unstable and bland trading price. Cardano’s price failed to break resistance and has since been declining. Cardano may keep traders and investors at bay as it experiences a stormy ride. Though it appears that the increase was only for a while and the coins are back again on the slow trail. The present market illustration of both Cardano illustrates a falling trail. Nevertheless, the coin is predicted to trade around $0.3 to $0.5 by the end of 2019. Traders and investors are advised to prepare for a long-term investment as the coin is showing signs of positive increment.

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

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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