One of the most renowned cryptos in the market at present, Cardano, has once again been able to be grad the atten1tion of the market. On the 23rd of August, Cardano was able to make an uplift of around 5.38% by the end of the day.
In fact, the most imperative fact worth noticing right now is that the ADA has finally been able to go beyond 0.050 USD.
Well, the current momentum of the coin truly symbolizes that the coin might soon be in the bullish zone.
Cardano At Present
Before moving further, let’s analyze the present scenario of the coin.
As of now, the crypto has successfully made it possible to remain at the 12th rank.
With a market cap of 1,300,097,276 USD, the current value of the crypto in USD is around 0.050075 USD. However, the value in BTC is somewhere around 0.00000492 BTC.
As far as the 24-hour volume is concerned, it can be seen around 62,551,357 USD.
The coin stands in the market with an ROI of 131.36% at present.
Ups and Downs of The Day
Well, the start of the day was not as good as the coin had to face a drop of 3.27%.
However, soon enough after 16:38 UTC, the coin witnessed an uplift of 9.16% which was a bit relieving. Soon after that, the coin was found trading at 0.051192 USD. It was soon noticed that the coin had actually reached the highest point of the day.
However, by the end of the day and after several more drops the coin was able to make a profit of 2.63% which made it possible for the coin to move beyond 0.050 USD.
ADA Cardano Price Prediction
As far as the Future of ADA is concerned, the coin might have faced rough times in the market but it seems the bulls might end soon.
It can be said so because the temporary target as of now has already been achieved. Well, although there is no deny in the fact that in order to stay strong in the present market, the coin might have to push a bit more.
But the fact that is more relieving is that the analysis of the past data clearly signifies the shift of the coin in the bullish zone by the end of the year.