Cardano is among the biggest and most rapidly growing names in the world of cryptocurrencies. The currency has a large number of backers and investors who have made sure that Cardano remains in the list of the top 10 cryptocurrencies. The currency has held on to it's spot tight and has been moving around the #6-7 rank for quite a long time now. The currency has a market cap of $8.3 Billion as of this writing.
(ADA) Cardano Price Performance Over The Past 24 Hours
Over the past 24 hours, Cardnao hasn't been enjoying a good run. While most of the markets are green, Cardano continues to remain in the red zone as the currency fell by almost 5% in 24 hours. Cardano began the day at a price of $0.33 - reached a high of $0.34, but then collapsed to $0.32 to end the day.
(ADA) Cardano Price Performance Over The Week
If you take a look at the larger picture, Cardano price has been falling down in a downward trend. The currency has been slowly losing the price, starting the week at $0.36 and a market cap of $9.8 Billion, Cardano was eyeing at the $10 Billion mark. However, the Cardano price eventually ended up falling down to $0.32 and the market cap too, fell over the week to reach $8.3 Billion.
(ADA) Cardano Price Expectations
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Expected movement of Cardano price | Image; Tradingview[/caption]
Over the next couple of weeks, the expectation is that prices will slowly begin a recovery and will reach a breakout point in early March. The prices will soon begin to grow in a series of ups and downs, and once the line of resistance is breached, Cardano is all set to boom - eyeing $1 over the next couple of months!
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