Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	15,959,533,061	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

15,959,533,061

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0046	-1.00%	0.4532	0.4533	0.4534

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0046

-1.00%

0.4532

0.4533

0.4534

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4631	0.4505	0.4585	0.4578	0.216009 - 0.810200

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4631

0.4505

0.4585

0.4578

0.216009 - 0.810200

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	06:51:26	110.41	0.453159	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

06:51:26

110.41

0.453159

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,936,695.37	4,229,231.28	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,936,695.37

4,229,231.28

Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours

27/10/2022 12:42pm

NEWSBTC

Cardano (ADA), over the last seven days, managed to grow by 16% as it rallied together with majority of its fellow altcoins during this week’s bullish run. At press time, according to tracking from Coingecko, the digital asset is trading at $0.405. It increased its value by 6.4% for the past two weeks and has trimmed its 30-day losses to 9.2%. Moreover, the digital currency managed to pump its overall valuation by over $1 billion as it now sits on a total market cap of $14.185 billion, ranking as 8th largest cryptocurrency in that department. Last October 25, Cardano’s market capitalization was only at $12.35 billion. Indeed, ADA is benefiting from this positive rally. As to until when this trend will continue, it’s still anyone’s guess. Related Reading: Hedera: A Quick Evaluation Of The Network – And How HBAR Performed This Week Is It Good to Buy ADA Now? Bearish signal indicators narrowly outnumbered bullish ones, 17 to 16. Still, with this development, sentiment towards the asset is favoring the bears. A deep dive at Cardano oscillators reveals a neutral score of 8. One was pointing towards the “buy” direction while two were headed to “sell” zone. However, by law of moving averages (AM), the crypto managed to stay on the “buy” range, hinting that this might be a good time to start accumulating the altcoin. After all, there are a number of positive developments that might favor those who are in possession of the digital currency. For starters, the Cardano network recently implemented wallet upgrades on its system and the number of smart contracts running on its blockchain significantly increased over the last few days. With this, the ADA community is confident that it might trade at $0.51 by the end of next month. What’s Ahead For Cardano Investors and traders, however, are cautioned as the cryptocurrency remains susceptible to high levels of volatility that the crypto space is known for. In fact, while the Cardano community is confident of a higher trading price next month, predictions from Coincodex say otherwise. Over the next five days, the crypto is seen to decline by almost 7% to trade at $0.382. With this, it might immediately obliterate its gains over the last couple of days. The online crypto tracker and data provider’s 30-day forecast is more worrying, as ADA might end up plummeting all the way to $0.214. Related Reading: Stellar (XLM) Could Grow Dim This Week, But Buyers Don’t Need To Back Down ADA total market cap at $1.3 billion on the daily chart | Featured image from Coinpedia, Chart: TradingView.com Disclaimer: The analysis is based on the author's personal knowledge and should not be construed as investment advice.

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ADAUSD Cardano