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Home Markets Cryptos

Cardano bazooka by 10%

Olumide Adesina by Olumide Adesina
December 17, 2020
in Cryptos
ADA, Cardano
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Cardano has just broken a strong critical support level of $0.15 amid a buying spree seen by crypto investors, thereby pushing ADA in gaining 10% for the day.

  • Cardano was trading at $0.169425 01:11 GMT on Thursday, up 10.08% in the last 24 hours. It was Cardano’s largest one-day percentage surge since Nov. 28.
  • Impressive gains seen lately in Cardano pushed its market capitalization up to $5.2 Billion or 0.84% of the total cryptocurrency market value. At its highest, Cardano’s market value stood at $23.9 Billion.
  • In the past one week, Cardano has appreciated by 13.63%. The volume of Cardano traded in for the day to the time of writing this publication was $990million or 0.54% of the total volume of all crypto market. Cardano traded in a range of $0.1349 to $0.1706 in the past one week.
  • However, at the present price, Cardano has lost about 87.45% from its all-time high of $1.35 set on January 4, 2018.

READ: Investors are selling Gold ETF for cryptocurrency

READ: ChainLink, now most valuable DeFi Crypto by market value

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What this means

Cardano (ADA) lately has been tipped to outperform on the bias that it’s headed towards its smart contract launch last month, leading to a significant amount of applications built on Cardano by this time 2021. This means that more developers will see it as an attractive medium for building their desired apps.

READ: UniSwap all time trading volume surpasses $50 billion

What you should know

  • Cardano is a type of blockchain that permits people to receive and send funds.
  • ADA coin is the name is the cryptocurrency.
  • It uses the Cardano blockchain and it also allows people to design smart contracts just like Ethereum.

READ: Only 2.43 million Bitcoins left for mining


Follow us for Breaking News and Market Intelligence.
Tags: ADACardanoCryptocurrency
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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Comments 2

  1. Anonymous says:
    December 17, 2020 at 6:25 pm

    Cardano! The altcoins are all coming up

    Reply
  2. Moyosore sodipe says:
    December 17, 2020 at 6:26 pm

    The altcoins are waking up

    Reply

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