Cardano has been reeling under pressure for the past few weeks. Over the last 24 hours as well, the coin lost a whopping 4%. It has dwindled from 0.053 USD to 0.051 USD in this short span.
- Cardano is down by 4% over the last 1 day.
- It may soon fall to the next support level at 0.049 USD.
Cardano Price Statistics-
|Cardano (ADA)||13th August 04:53 UTC|
|ROI (Return on Investment)||137.15%|
|Coin Circulation||25,927,070,538 ADA|
|Market Cap||1,334,916,984 USD|
|Value in USD||0.051034 USD|
|Value in BTC||0.00000453 BTC|
|24h Volume||35,494,760 USD|
ADA to USD Price Comparison-
Cardano started the day with a slump in the value which cost the coin 4.19% and forced the coin to be near 0.0525 USD by 08:51 UTC. It was followed by a hike of 4.04% and by 17:47 UTC, it could place the coin at 0.0546 USD. This makes the highest point of the coin for the day. A short stint of decrease in the value is followed after that, and it caused the loss of 0.0017 USD for Cardano. The final swing is the most important one as it is the biggest swing, and it took the coin to the lowest point as well. From 22:27 UTC, Cardano started weakening, and it touched 0.0504 USD by 04:43 UTC.
ADA Price Prediction-
Cardano’s 0.060 USD target is not very far away. But the coin needs to show some major turns in order to retain the faith amongst the investors. There is a possibility of a price recovery of Cardano by the end of August.
|1st Resistance||0.054273 USD|
|2nd Resistance||0.055608 USD|
|3rd Resistance||0.05642 USD|
|1st Support Level||0.052126 USD|
|2nd Support Level||0.051314 USD|
|3rd Support Level||0.049979 USD|
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.