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Synopsis: Cardano price today is $ 0.505, with a 24-hour trading volume of $ 1.66B, market cap of $ 15.89B, and market dominance of 1.24%. The ADA price decreased -12.96% in the last 24 hours.
Cardano reached its highest price on Sep 2, 2021 when it was trading at its all-time high of $ 3.10. The lowest price since it’s ATH was $ 0.395, cycle low. The highest ADA price since the last cycle low, was $ 0.5992 cycle high. The Cardano price prediction sentiment is currently bearish.
Cardano’s current circulating supply is 31.46B ADA, out of max supply of 45.00B ADA. In terms of market cap, Cardano is currently ranked 2, in the Proof of Stake sector. Cardano price in US Dollar has decreased by -47.23% in the last 1 month. ADA is down -18.28% against Ethereum and down -26.50% against Bitcoin in the last 1 month.
According to our current Cardano price prediction, the value of Cardano will drop by -2.78% and reach $ 0.4903, by May 19, 2022. According to our technical indicators, the current sentiment is Bearish, while the Fear & Greed Index is showing Extreme Fear. Cardano recorded 33% green days with 15.82% price volatility over the last 30 days. it’s now a bad time to buy Cardano.
Based on today’s classical pivot point, with the value of $ 0.530, Cardano has support levels of $ 0.464, $ 0.403, and the strongest at $ 0.337. Similarly, Cardano resistance levels are at $ 0.591, $ 0.656, and $ 0.718.
Cardano’s treasury indicates there is scope of faster and seamless development and updates in projects like algorithmic stablecoin Djed. As projects are built on its blockchain network, the altcoin has shown crucial improvements in the past couple of months. Analysts are bullish on Cardano’s recovery despite the recent slump in cryptocurrency prices. The Ethereum-killer is one of the most prominent altcoins, and its blockchain network has witnessed consistent growth in projects and updates.
The Cardano network is currently testing its capabilities, in collaboration with COTI and ADA for the algorithmic stablecoin Djed. The massive funds in Cardano treasury could be used to fund, this and future projects on the network.
There is a rise in bearish pressure on altcoins, like Cardano after the recent bloodbath in the market, however, ADA price has sustained above $0.53. While most cryptocurrencies, rebound from massive sell-offs, Cardano founder Charles Hoskinson is bullish on the project.
Hoskinson says significant corrections are routine, in the crypto market and mass hysteria is created, fueling a market crash. Hoskinson told his followers and the Cardano community in a YouTube, video that seasoned investors should not be bothered by the sell-off in the market.
Hoskinson believes transactions on the Cardano network, would multiply 25 times by 2022. Proponents are bullish on a recovery in Cardano price and predict a massive breakout in the altcoin this year.
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