Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Devendra Sri on July 21, 2021, 09:29:25 AM
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Cardano (ADA)
Cardano is a blockchain platform for innovators, which offers tools and technologies required for building smart contracts and creating decentralized applications and protocols. Also, the users can send and receive funds instantly with the minimum amount of fees.
The leading cryptocurrency of Cardano is known as “ADA.”
ADA is available to purchase on various crypto exchanges, including BuyUCoin. Users can use it to pay for digital transactions.
The current market price of ADA is ₹90.9 with a market capitalization of $37.61 Billion, while its total supply is 45 billion.
ADA ranks 5th in the list of largest cryptocurrencies by market capitalization.
Short term Prediction (2021)
ADA coin is following a downtrend and currently is trading at ₹90.9.
Focusing on technicals, the Relative Strength Index (RSI) has constantly been trading at a level of 40. It is not able to give up an upside move. The current market price is below 20,100 and 200 moving average.
The price is moving in a very tight range of ₹89 and ₹112. Breakout can happen on either side, but analysis suggests a downside breakout.
Daily traders can look for good shorting opportunities, whereas the long-term investors shall wait for the price to touch ₹78 to go long.
The current price of ADA is trading below the 200 moving average, so the only buying opportunity in ADA will arise when this resistance of 200 moving average supports ADA.
However, if the market crosses the level of ₹78 and falls downsides, there would be good shorting opportunities because the next ultimate target would be ₹64, a robust demand zone. BuyUCoin : Use Code "50SHIBA" to claim 100K+ ShibA inu on sigh Up and "BUYUCOINFREEBTC" to claim free BTC, LINK and ETH
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Cardano shot up by nearly 0.34% over the last 24 hours and was trading at $2.27, at the time of writing. The resistance mark stood at $2.9 while the price seemed to be consolidated near $2.1. Technical indicators showed signs of bullish price action.
(https://i.imgur.com/nGPxXj8.png)
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Cardano shot up by nearly 0.34% over the last 24 hours and was trading at $2.27, at the time of writing. The resistance mark stood at $2.9 while the price seemed to be consolidated near $2.1. Technical indicators showed signs of bullish price action.
(https://i.imgur.com/YrC3WsE.png)
Relative Strength Index for most sessions remained above the mid-line, indicating that the momentum belonged to the buyers. MACD approached a bullish crossover pointing towards an uptrend. Awesome Oscillator flashed medium-sized green bars on its histogram giving a strong hint to buyers.
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The future of ADA is much better. Investors invest a lot more on these coins. So the popularity of this coin is constantly increasing. I saw in one of the reports that the number of Japanese investors on this coin is the highest. So I think ADA is very important for investment and trade.
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I think the future of Ada Coin is very good and the road map is very bright. Currently these ada coins are much more invested across cryptocurrencies. And investors are profitable from these coins which is why this coin is far ahead of all other coins.This Candela is a blockchain already included in a much better platform. So there are many benefits to investing in Ada Coins.
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Cardano (ADA) short time prediction
The live Cardano price today is $2.24 USD with a 24-hour trading volume of $3,782,693,665 USD. We update our ADA to USD price in real-time. Cardano is up 4.44% in the last 24 hours.(https://i.imgur.com/ooh2PXX.jpg)
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ADA is a potential altcoin currently this is more popular like ethereum I hope this coin future will be very bright because there is lot of projects are coming in ADA chain today BTC already touched a new high so I'm expecting a big pump of ADA this is a bullish sign.