Cardano Continues to Experience A Price Plunge Despite Shelley’s Upcoming Upgrade On The Mainnet

In the Cardano news today, the Cardano (ADA) coin is expected to trade at its current price for the rest of the day. The coin is currently experiencing a sharp fall in prices in the crypto market even though expectations were high about the coin’s recovery. The coin’s performance in the market in July was quite unimpressive. Cardano was among the altcoins that suffered large drops in prices during the period of downfall in the market which affected most major altcoins. The intraday trading of the coin is predicted to remain dull and at the same level all through the day. Regardless of the coin’s current performance in the market, crypto analysts are optimistic that the coin will begin a resurgence in the coming days.

Cardano Price Analysis – ADA/USD Price Comparisons – Cardano Latest Update

Cardano (ADA) Current Statistics

The coin’s trading value is set at $0.0573757 at the moment.

The Return On Investment (ROI) of the coin is currently marked as 167.11%.

The Cardano coin twenty-four-hour trading volume is $52,409,483.

The market capitalization of ADA is currently standing at $1,501,265,914.

The circulating supply of ADA is at 25,927,070,538 and the coin is currently in 11th position in the cryptocurrency market rankings.

In Cardano price analysis, by observing the coin’s price chart a regression in the value of the coin can be seen. The Cardano (ADA) was trading around $0.0599 about a week ago, slipping down a low of $0.056 which gives a percentage drop of 1.19%. The coin leaped to $0.060 from $0.059 the next day, marking a percentage increase of 2.30%. Again, the coin dropped by 1.18% on the 31st of July. The coin opened trading at $0.057 this morning.

In the Cardano price prediction, the general cryptocurrency market did not perform well in the previous month of July. According to crypto analysts, the coin is expected to experience a heavy surge in price value this August – albeit the coin’s current performance does not indicate a recovery thus far. This does not disprove the fact that the coin will not experience an upsurge in the coming week. The coin is predicted to trade at around $0.3 by the end of the current year. The Cardano (ADA) will likely yield fantastic results for its long-term investors.

Cryptocurrency Latest Update – Price Overview Of The Top Four Coins – Crypto News Today

Bitcoin reached $10,890 in the early Asian hours. The coin is currently trading at $10,750. The top coin has gone up by 2.2% in the last twenty-four hours.

World’s second-largest cryptocurrency based on market capitalization, Ethereum, remains largely unchanged in market price value on a day-on-day basis. The price of the coin is currently at $221.80 after attaining a daily high of $223.40.

Ripple’s XRP continues to stay in the middle of $0.3100 to $0.3200 side channel. Ripple is currently the third-largest cryptocurrency in the world based on market capitalization.

Litecoin is currently the 5th best cryptocurrency based on global crypto market rating. The crypto has lost close to 3% of its trading value in the last twenty-four hours. The coin is currently trading at 94.73 and attained its intraday high at $96.37.

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.