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CARDANO PRICE ANALYSIS: MID-TERM QUITE LIKELY TO BE IN THE BULLISH ZONE

Cardano price Analysis
Source: Image from Pixabay, Edited by thecoinrepublic.com

Speaking about the crypto Cardano, one can clearly observe the massive dip of 4% that the coin took in the last 24 hours. This shift in the price, in fact, took the price to $0.048.

Truth be told, ADA coin has quite clearly showcased some really significant price swings in this period only.

However, there is still some hope as the middle-term of the crypto as per some analysts, seems to be in the favor of bulls.

CARDANO’S RECENT MOVEMENTS

While starting the day, Cardano began with a rise of 3.63% due to which $0.001785 was added to the coin.

The uptrend didn’t last long as soon the crypto started to show a decline of around 4.58% and drastically fell to $0.0048678 by 13:14 UTC.

By 18:08 UTC, another hike of around 4.13% followed that once again shifted the coin’s price to $0.050696.

By the end of the day, the last swing took place that ultimately dropped the value by $0.0022, thus leaving the coin at the position of $0.048451.

WHERE CARDANO STANDS NOW?

Speaking about the current market position of Cardano, the coin stands in the market with a market cap of 1,284,081,863 USD.

The value of the coni in USD, as well as BTC, is $0.048877 USD as well as $0.00000478 BTC respectively.

As far as the 24-hour volume is concerned, it somewhere around 81,343,465 USD.

The ROI of the coin at present is 125.39% and the circulation of the coin in the market is around 25,927,070,538 ADA.

CARDANO PRICE PREDICTION

If observed carefully, one may reveal that the Cardano has been moving within the boundaries of $0.048 and $0.050 USD for the last few days.

Although there is a really slow sign of progress on the price chart but the mid-term of the crypto is quite probably going to be in the bullish zone.

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About Zaryab Afser

A stock market trader, a blogger , a cryptocurrency enthusiast ... Awareness of proper trend and Action at the correct time are the 2 most imperative tools to succeed in the crypto world. He will undoubtedly provide you with the first tool. Moreover he ensures that his readers never miss any data or news of the crypto world that might end up shifting your trade to the zenith of its glory. Cheers.

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