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(ADA) Cardano is Up By 4%: A Stable Performance After Recent Market Collapse!

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Having started off their operations in October 2017, Cardano has stunned the markets with its performance. Cardano price performance and stability, in a very short span of time impressed millions of users. The currency, which was created in October, has been in the list of the top 10 cryptocurrencies by market-cap for quite some time now, which is an incredible feat for Cardano. Cardano impressed us again this week, as it was seemingly unaffected by the recent fall in crypto prices.

At a time when most cryptocurrencies were facing a crash in the price, Cardano seemed quite stable. While the price of Cardano too, took a hit, but it was not as bad as most cryptos such as Tron which took a beating of over 15%! Not only did Cardano remain relatively stable, but the currency has also shown a 4% growth over the past 24 hours! Cardano (ADA) began the day at a price of $0.14 and a market cap of $3.8 Billion rose to a high of $0.16 – and closed the day at $0.156 (market cap of $4 Billion). The currency, over the past 24 hours, gained $200 Million.

Cryptocurrency: how to earn? – Over the week, Cardano (ADA) prices went from $0.18 to $0.156 – which is a fall, but not as drastic as many other currencies have gone through over the past week. Cardano’s price performance has impressed many investors and it is expected that more money may be pumped into this currency in the days to follow due to this trust in the stability of Cardano prices. The currency began the week at a price of $0.18 and a market cap of $4.8 Billion and closed the week at $0.156 and a market cap of $3.8 Billion.

As the graph above indicates, Cardano prices did take a hit, but it was momentarily and the currency has broken past the line of the downtrend as it looks forward towards a bigger recovery. The market bears have noticed this strong act of resistance from Cardano and are now expected to invest in the currency, helping it break further past this downtrend and getting a major surge in the price. It is a good time to invest in Cardano but investors are advised to wait for a day to ensure if the uptrend continues!

For more Cardano related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.

You should also check out some of our recent cryptocurrency price related articles such as

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Bitcoin Cash Price Analysis as on 1st April 2018

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Ethereum Price Analysis as on 1st April 2018

Bitcoin Price Analysis as on 1st April 2018

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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.

Source:cryptocrimson.com