ADA Cardano price update 11 March 2018

Cardano (ADA) is currently the 8th largest cryptocurrency by market cap. This is a significant achievement for Cardano, which started off in October 2017. The currency has been one of the fastest rising names – reaching the top 10 list in just a couple of months since its debut. However, the next few weeks don’t really look good for Cardano if cryptocurrency experts are to be believed. Let us take a closer look at Cardano’s recent performance and where it is possibly heading.

(ADA) Cardano Price Over The Past 24 Hours

Cardano price, over the past 24 hours has fallen by 8% as the currency fell from $0.22 to $0.20 – hitting the highest point of the day at $0.226 and the lowest point of the day at $0.198. The currency has lost $500 Million in market cap during the day as it began the day at $5.8 Billion, while the day came to a close at the price of $5.3 Billion.

(ADA) Cardano Price Over The Past Week

Cardano began the week at a price of $0.28 and a market cap of $7.8 Billion, which then rose to the week’s high of $0.31 and 8.2 Billion respectively. However, from there it was all a downhill ride as Cardano closed the week at $0.20 – a significant fall from the highest point. Over the week, Cardano lost a market cap of close to $2.5 Billion.

(ADA) Cardano Price Expectations

ADA Cardano price update 11 March 2018
Expected movement of Cardano price | Image; Tradingview

Cardano price is expected to continue falling as a head and shoulders pattern emerged a while ago – and the currency is following the path set by the pattern. The currency is expected to fall to a low of $0.13 to $0.10 over the next couple of weeks. Not a good time to be a Cardano investor.

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Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.


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