With thousands of cryptocurrency, token, and digital assets to keep an eye on these days, it is difficult to determine how individual markets will evolve. The Cardano price, while not all talked about all that often, is going through a positive spell as of right now. That in itself is a surprising and remarkable development, especially because it appeared the top markets would remain bearish for quite some time to come.
Cardano Price Turns a Corner
After a rough evening yesterday and uneasy momentum during the early morning hours, things have begun looking up for all cryptocurrencies. Cardano is one of the first top 15 coins to note a strong gain, although it seems to be a matter of time until the rest will follow suit. For the time being, it remains to be seen how long this current trend will remain in place.
Over the past few hours, the Cardano price has gained 4.1% in USD value, bringing the value back to $0.047268. There’s also a 5% gain over Bitcoin, pushing the price to 1,214 Satoshi, for the time being. Its overall trading volume is still on the low side of the spectrum, as $54m in volume is not all that spectacular. Considering ADA’s market cap sits at $1.225bn, one would expect $125m in trading volume or more.
On social media, it would appear as if there is an increase in Cardano these days. That is what the CardanoBuzz account claims, at least, although it seems there are no real major discussions pertaining to Cardano to take note of right now. The upcoming introduction of Shelley may change that situation in the near future, although it remains to be seen how all of this will impact the price, if at all.
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