The intense volatility of the crypto market has encircled the fate of all altcoins including ADA and the consequences are immensely depressing a
The intense volatility of the crypto market has encircled the fate of all altcoins including ADA and the consequences are immensely depressing and are turning at its worst day by day. This is due to the fact that this intense volatility is expected to prevail till the end of this year so, no matter how efficient ADA is so far its new projects are concerned, these will go in vain due to the market stature only. On top of that, it is always succumbed to lose a great portion of its value to BTC every then and now.
Current Statistics of Cardano
Price in USD: 0.0603 USD
Price in BTC: 0.00000624 BTC (UTC time 03:17)
Circulating supply: 25,927,070,538 ADA
Market cap: $1,567,562,341 USD
Market rank: 11
ADA Price Analysis
From the above 1-day chart of ADA, it is evident that it is getting traded at bearish levels most of the time. Its momentum is prone to steep down in the red alert zone than to make it trade in the bullish zone. As it is falling down intermittently at a steep rate, it is lacking effective support levels as well. Yesterday, it had traded at 0.0615 USD but today, it declined to 0.0597 USD. Within one day, value of ADA has declined by 1.95%. Even, in the upcoming days, the condition is not going to improve to a great extent and fluctuation will definitely persist. Considering the above price points, we think that in the upcoming days, ADA can have a value of $0.0600
From the price analysis, it is understandable that ADA is in a highly fluctuating state and it is prone to decline down steadily at any interval rather than to go up. So, one should not consider any sort of investment on the same as it can be a complete futile idea.