Price Analysis

Cardano Price Analysis: ADA may book a good profit in Near Future

Cardano Price Analysis:

Cardano has a unique and different configuration design than Ethereum, Bitcoin and other cryptocurrencies. ADA digital currency was created for exploring financing work on Cardano Network which is backed by IOHK (Input Output Hong Kong).

Users can send and receive money in a faster and protective way on Cardano network

Cardano (ADA) News:

The latest news about its wallet enabled its users to use Yoroi Wallet in Prominent browsers like Chrome and Firefox that has “ability to add Cardano payment URLs”.

Cardano TestNet program brought revolutionary things based on Blockchain technology. The tweet by Cardano Community announced that:

We want to notify you that the updates of the testnet program are also published on the Forum

Another big achievement by Cardano is happened on Jul 4 with a listing of Cardano (ADA) on exchange KuCoin.

Ellipal wallet is a famous wallet which announced recently:

ELLIPAL Hardware Wallet is now proudly supporting #Cardana $ADA!”

Cardano Price Statistics:

Price of Cardano is $0.065292 USD and 0.00000569BTC and total change today  -14.81%.

The total market Cap of coin is $1,692,833,239 USD and 147,432 BTC. The 24 hour volume of ADA is $132,545,899 USD and 11,544 BTC. The circulating supply is 25,927,070,538 ADA and total supply is 31,112,483,745.

Comparison:

This above chart conveying us clearly that price value is infected by volatility from last 3 months.

Neither uptrend nor downtrend was in control, rather, trend was moving alongside but ROI value is good at 202.57% which is enough to encourage investors and traders to put money in Cardano (ADA).

 

Price Prediction of Cardano (ADA):

Price value of Cardano (ADA) is fluctuating from last some months but gained good revenue in return which is a good achievement by coin.

The technical analysis of coin directed us toward a good surge. There is a strong support level at $0.65 USD which may kick the line in upward trend. In case, if it succeeds in breaking the support level, it will plummet towards a bad situation causing crash of Cardano (ADA).

Conclusion:

After the fundamental analyzation of coin, we are able to say that it may book a good profit in near future.

  • Now its your turn feel free to share your prediction about Cardano Price. We will consider your point of view and it will motivate us to present you with price analysis of different coins.
  • If you want from us to give a detailed analysis of any coin, please leave a comment in comment box.

Chart Source : Coinmarketcap, Tradingview

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