Cardano News Today – Cardano ADA Takes A Dip Back to $0.048 Following the Rise to $0.052 Yesterday – May 10th, 2020
发布时间：2020-05-11 09:26:09 发布人：TokenString
Cardano News Today – In our Cardano news yesterday, we talked about how the price of Cardano was moving higher against the USD after a minor price correction that took the price below the $0.048 level. The $0.048 level acted as strong support against the USD yesterday and it is still holding this level today. If the price of XRP falls below this support of $0.048 level today, the token might fall lower to the $0.045 level or even lower.
Cardano News Today – Why Did Cardano ADA Suddenly Start Falling After Recent High?
The price of Cardano has been on a bullish ride for the past 30 days. In fact, since the beginning of the year, the token has been relatively bullish safe for a few bearish storms. One of the primary reasons why the price of Cardano was bullish is the upcoming Cardano Shelley Mainnet launch. The Shelley testnet was integrated successfully and developers made useful remarks about the network. They made some upgrades as well. Cardano Shelley promises to make the Cardano network 100% decentralization. Everything is going to change because true decentralization is one thing that Ethereum and other similar blockchains have been unable to achieve over the years. Investors know this so they don’t want to be left behind so their interest in the Cardano blockchain and the ADA token has sparked up in recent months.
Cardano (ADA) Price Today – ADA / USD
Name
Price
Cardano
$0.048
At the time of writing, the price of the Cardano ADA token was $0.048470. This means that it is down by more than 7.05% against the USD and up by 1.83% against the price of BTC. The trading volume over a 24 hour period is $191,990,690 and the market capitalization is $1,256,689,341. If the Cardano ADA token can maintain the support at $0.048, retesting the $0.052 level will be possible next week. It is vital to note that Cardano ADA isn’t the only token that is currently falling against the USD. Bitcoin BTC, Ethereum, ETH, Ripple XRP, and almost every other top coin on CoinMarketCap are recording lower lows right now and it’s not clear why.
Cardano News Today – Charles Hoskinson’s Contribution to the Cardano Blockchain are Irreplaceable
Everyone in the Cardano community knows that Cardano has made major contributions to the Cardano blockchain. The co-founder of Ethereum left the Ethereum network to work on Cardano and he wants Cardano to be his Legacy. However, Hoskinson has said that even if he or any other member of the IOHK decides to leave the Cardano network, nothing will change on the blockchain. This is the true meaning of decentralization.
Cardano News Today – In our Cardano news yesterday, we talked about how the price of Cardano was moving higher against the USD after a minor price correction that took the price below the $0.048 level. The $0.048 level acted as strong support against the USD yesterday and it is still holding this level today. If the price of XRP falls below this support of $0.048 level today, the token might fall lower to the $0.045 level or even lower.
Cardano News Today – Why Did Cardano ADA Suddenly Start Falling After Recent High?
The price of Cardano has been on a bullish ride for the past 30 days. In fact, since the beginning of the year, the token has been relatively bullish safe for a few bearish storms. One of the primary reasons why the price of Cardano was bullish is the upcoming Cardano Shelley Mainnet launch. The Shelley testnet was integrated successfully and developers made useful remarks about the network. They made some upgrades as well. Cardano Shelley promises to make the Cardano network 100% decentralization. Everything is going to change because true decentralization is one thing that Ethereum and other similar blockchains have been unable to achieve over the years. Investors know this so they don’t want to be left behind so their interest in the Cardano blockchain and the ADA token has sparked up in recent months.
Cardano (ADA) Price Today – ADA / USD
| Name | Price |
|---|---|
|
|
$0.048 |
At the time of writing, the price of the Cardano ADA token was $0.048470. This means that it is down by more than 7.05% against the USD and up by 1.83% against the price of BTC. The trading volume over a 24 hour period is $191,990,690 and the market capitalization is $1,256,689,341. If the Cardano ADA token can maintain the support at $0.048, retesting the $0.052 level will be possible next week. It is vital to note that Cardano ADA isn’t the only token that is currently falling against the USD. Bitcoin BTC, Ethereum, ETH, Ripple XRP, and almost every other top coin on CoinMarketCap are recording lower lows right now and it’s not clear why.
Cardano News Today – Charles Hoskinson’s Contribution to the Cardano Blockchain are Irreplaceable
Everyone in the Cardano community knows that Cardano has made major contributions to the Cardano blockchain. The co-founder of Ethereum left the Ethereum network to work on Cardano and he wants Cardano to be his Legacy. However, Hoskinson has said that even if he or any other member of the IOHK decides to leave the Cardano network, nothing will change on the blockchain. This is the true meaning of decentralization.
