It has been a very interesting day for all cryptocurrencies. Whereas most top markets seemed subjected to bearish pressure, that ship has now turned around again. If the Cardano price is any indicator in this regard, the start of next week will be rather interesting. The solid gains across the board show bullish momentum is never far off.
Cardano Price Momentum Picks up Steam
Over the past few hours, most of the cryptocurrency market momentum has turned around once again.
As there is still plenty of positivity in the cryptocurrency world right now, some markets have begun showing cracks in the facade. That is not abnormal, as the recent market surge has been rather compelling to watch for many different reasons. Cardano, one of the altcoins which people have high expectations for, is still trucking along. It seems an extended stay above $0.04 shouldn’t pose too many problems.
Cardano Price Stays in the Green
With all cryptocurrency markets still going through an extended bull period, the inevitable correction will kick in sooner or later.
The cryptocurrency and digital asset markets are fluctuating wildly today. Although the day kicked off in the red, some positive momentum has become apparent. Even so, the hourly charts look incredibly abysmal, which is only to be expected at this time. The big winner in the top 15 so far is Binance Coin, although Cardano is also rising rather quickly.
Cardano Price Looks Healthy Again
Over the past few weeks, very people seemingly discussed Cardano and its price.
There isn’t much to be excited about in the cryptocurrency industry today, as most markets are suffering from a new round of bearish momentum. This trend has been visible throughout most of 2018 and it seems there is still no improvement in sight. Although some markets feel this pressure in less spectacular fashion, no one can deny things are going according to plan. The Cardano price, for example, continues to take a beating.
Cardano Price Momentum Worsens
No one will be really surprised to learn how things are evolving in the cryptocurrency industry right now.
Based on the current cryptocurrency market momentum, it is very difficult to predict how Bitcoin and other assets will evolve in the coming days and weeks. The current short-term predictions for Cardano seem to lean toward an uptrend, although it is equally important to acknowledge a further dip is not out of the question either. As such, the coming days will be quite crucial in terms of determining the future Cardano price.
Key Support Can Lead to big Uptrend
When it comes to analyzing the potential price momentum of different cryptocurrencies, there are many things one needs to keep in mind.
With most of the top cryptocurrencies struggling to remain in the green, speculators are looking well beyond the top 5 to make a quick buck. In the case of Cardano, the current market momentum seems rather promising in this regard. Although it remains unclear how long this trend will last this time around, there is some money to be made.
Cardano Price Shows Promising Signs
It is not uncommon for different markets to head in completely opposite directions during the weekend.
It would appear most of the top cryptocurrencies – except for Bitcoin, Ethereum, and Litecoin – are going through a very positive spell right now. In the case of Cardano, its value has been on the rise for several hours now. Positive ecosystem developments tend to have such a positive effect, although the uptrend can easily be cancelled with negative pressure.
Cardano Price Needs to Break Through Resistance
Every single time an altcoin tends to gain value, there is a genuine concern over this trend’s longevity.
The cryptocurrency markets have seen some interesting momentum today, even though no major price changes have occurred as of yet. Cardano is trying to note some solid gains right now, albeit reaching $0.08 seems to be a stretch too far. Even so, the positive momentum among altcoins can make for a rather interesting weekend.
Cardano Price Rise Isn’t Happening Yet
After the troublesome year 2018 has proven to be so far, it is evident the remainder of 2018 will not necessarily offer any relief.
Криптовалюта Cardano привлекает к себе пристальное внимание и даёт пищу для бурных обсуждений. Аналогично эфириуму, Cardano представляет собой систему смарт-контрактов на блокчейне. Криптовалюта придаёт повышенное значение безопасности, обеспечиваемой многоуровневой структурой. Cardano позиционирует себя как первый блокчейн-проект, возникший благодаря академическим исследованиям и имеющий своим фундаментом всеобъемлющую научную философию.
Starting on Monday, January 8, 2018, at 8:00 a.m. GMT, the ADA token from Cardano began to be listed on the futures exchange at BitMEX.
The cardano price has exploded this week ahead of the release of an updated development roadmap, but many investors fear that its release will trigger a liquidation event.
As CCN reported, cardano stormed to the ninth spot in the market cap rankings on the heels of a rally that saw the price of the ADA cryptocurrency increase fourfold.
So far, Ethereum has been the lead player in the smart contract platform space. Now a new competitor is steadily creeping into the game. And, in an interesting twist, the effort is being led by a former Ethereum CEO.
Last week, blockchain development firm IOHK, led by Charles Hoskinson, launched Cardano, a new blockchain.