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CARDANO’S UPLIFTMENT IN THE PRICE HAS OPENED THE DOORS FOR LONG-TERM INVESTMENTS

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

It almost seems that ADA is finally been able to recover from its worst bearish phase that lasted for a bit too long.

In fact, the last month had been one of the worst nightmares for ADA traders as the coin was undoubtedly under huge market pressure.

As the coin showed some remarkable upliftment in its price a few days ago, the traders are finally restoring their faith back in the coin.

Therefore, speaking about the Friday market, the coin started with an upliftment. The best part was, unlike other days, the upsurge this time was not for a short span. In fact, it stayed and proved to be profitable for the intraday traders.

WHERE DOES IT ADA STAND NOW?

Considering the present scenario for the coin ADA, the trading price has considerably increased. The coin, at present, is trading at $0.045123.

The ROI of the firm, quite fortunately, also enhanced from 107% to 108.15% which is a better sign.

Speaking about the 24-hour volume, the same is marked as $51,959,378.

The market cap of the coin is somewhere around $1,169,906,418 USD whereas the circulating supply for the coin is found to be 25,927,070,538 ADA.

PRESENT STATISTICS OF CARDANO

Speaking about the trading overview of 31st August 2019, a clear upsurge can be observed in the price.

In fact, if observed carefully, one can witness that right from the start of the day at $0.044, the coin directly jumped to $0.045 which is an upsurge in the price. This was indeed a praiseworthy jump as the escalation if calculated, was found to be around 3.74%.

Although the coin found it hard to be firm at that level and therefore fell down. This led to a downfall in the price from $0.045 to $0.044 by 2.76%.

Despite the downfall, the coin was able to close the day at $0.044 which is undoubtedly an uptrend of around 1.26%.

However, the very next day, the coin started its day with a wonderful hike. In fact, it quite quickly shifted its value from $0.0448 to $0.00452 which means there was a rise of 0.75%.

Later, there was another upliftment in the price and it directly went from $0.0450 to $0.0455. Thus the ended not only ended with a progression of 1.03% but also with enormous restored back in the coin.

Ada Cardano Price Prediction

Well, all the doubts that might have existed regarding ADA are gradually vanishing as the coin is successfully being able to maintain the required upsurge.

Analysts now firmly believe that the coin is now all geared up a price rally. In fact, they believe that the rally is going to arrive in the coming month most probably.

Thus, long-term trading is perhaps a wise decision at this step. However, the continuous upsurge of the coin on a daily basis also opens the door for intraday trading.

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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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