The all-time high for the digital asset, ADA (NEO’s coin) was struck at $13.5. The coin was trading at $9.9 on January 1st and had reached $13.7 on January 3rd. The coin witnessed a trading range of $9.7 — $12.3 today, and we see it climbing to $15 for the first time in over a month. Since the coin’s all-time high, however, there has been a consistent downward trend in price. ADA has been on a roller coaster ride.
As of today, the price of ADA is at $0.001 each. Yes, you read that right. At the time of this writing, ADA is worth 5 cents. Actually, it’s worth 5 cents not because of its current price, but because of the amount of money the crypto investor community has invested in it so far. According to CoinMarketCap, the total market capitalization of all ADA tokens is worth $86.4m, which means that the market value of ADA exceeds the combined capitalization of some of the largest cryptocurrencies in the world.
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Editors’ Updates
- Cardano (ADA) is now trading at $3.03, which is a new all-time high.
- Over 100 projects have been integrated by ADA.
- The price of ADA may soon reach $10.
Cardano (ADA) is now trading at $3.03, which is a new all-time high. At the time of writing, the ADA price was $3.02, with a 24-hour trading volume of $5,734,057,717, according to CoinMarketCap.
Furthermore, Cardano has performed well over the last three months. Furthermore, Cardians just tweeted about ADA’s 100 project integration, which includes everything from DeFi to NFT.
In the last three months, Cardano has seen a lot of integrations (Source: Cardians)
The ADA’s next goal, according to the tweet, is $10. Let’s take a look at the technical side of ADA: will it reach $10 anytime soon?
Ascending Channel Pattern in ADA/USDT (Source: TradingView)
The Ascending Channel pattern may be seen on the ADA price chart. Furthermore, the price movement is sandwiched between two parallel upward sloping lines. This price trend is distinguished by higher highs and lower lows. Connecting the swing lows with a lower trend line and the swing highs with an upper channel line forms an ascending channel.
A breakthrough above an ascending channel may signal that the rising trend will continue, while a breakdown below an ascending channel could signal that the trend will shift.
ADA is now trading at $3. Following that, ADA may continue to decline or increase, depending on the breakout direction. With this trend, ADA may soon hit the $5 resistance level. If the current trend continues, ADA may hit $10. If the trend continues, the price of ADA may drop to $1.3.
After a bullish run, Bitcoin has been bearish for over a month. Since Bitcoin is the largest digital currency by market cap, its price follows the trend of the market (or vice versa). Bitcoin has been bearish for such a long time, that it’s definition of definition of a “bullish trend” has changed. The price of Bitcoin has been stuck in a downtrend for over a month and a half. However, the price did rally to an important (and relevant) technical level.. Read more about cardano price prediction after shelley and let us know what you think.
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