By Davis Byrne (US)
The coin is displaying a minimal recovery in its price as all crypto markets have corrected to a little extent. However, the past long term data is not very satisfactory as it covered a significant distance in the downward trend.
Cardano News and Events
The meet up of Cardano community is going to take place on 23 October 2019 in Dubai:
One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain and Chief Digital Officers.
The Cardano Foundation is working diligently for the adoption of its blockchain technology and its cryptocurrency ADA and it going to display today on the Nasdaq, a prominent exchange. The twitter account of Cardano community tweeted recently:
Recently @Nasdaq started displaying several #cryptocurrencies on their market-activity website, including $ADA. This shows positive signs and developments towards #crypto and #blockchain adoption.
ADA Cardano Statistics
The market capitalization Cardano comprised of $1,284,964,833 USD out of the total crypto cap. The 24-hour volume is holding the figure of $67,107,762 USD. There are almost 25,927,070,538 ADA tokens are in circulation out of total 31,112,483,745 ADA while maximum supply is 45,000,000,000 ADA.
Also read:ADA Cardano Price
The current price of ADA is $0.049561 USD and 0.00000488 BTC at the time of writing with a 3.87% change in 24 hours.
ADA Cardano Price Comparison
The 3 months chart of coin navigating the trending behavior of the Cardano clearly demonstrates that coin submitted to the bearish trend. The price value was standing at $0.10 on 26th June that started plummeting in the downward direction with the assistance of sellers in the markets. The coin was holding the figure of $0.06 on 10 July and decreased by -52.69% during the range of 14 days. The lowest position hooked by the trending line of the token was pivoting at $0.04 recorded on 16th August. The value of token plummeted by -53.40% in the period of three months.
ADA Cardano Price Prediction
The performance of ADA is not very good from the past 3 months as it submerged in the bearish trend and lost almost 53.40%. After analyzing the trending behavior and support as well as resistance levels, the price may down further in upcoming days. However, the 24-hour change is displaying the 4.98% but the long term status is not in favor of coin.
Conclusion:
According to our technical analysis, the price may go down further besides a temporary slight correction in its value.
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