Connect with us

Altcoins News

Cardano [ADA] now the 4th Biggest Cryptocurrency as Price Hits 3-Year High



Cardano (ADA) Price Analysis
  • Cardano is now the 4th biggest cryptocurrency by market capitalization.
  • The market cap is up 26.28% from the last 24 hour.
  • At press time price of ADA is $0.7025 USD.

It’s big news for the Cardano holders that it is now the 4th biggest cryptocurrency by market capitalization. At press time the price of ADA as per CoinMarketCap is $0.7023 and the price is more than 26.57% from last 24h.

The 24h low and high for Cardano is $0.5337 and $0.7025 respectively, i.e. ADA is trading at its day high at press time. The price of ADA is surging from last many days resulting in the increase in market capitalization.

Cardano (ADA) Price Chart by Binance
Cardano (ADA) Price Chart by Binance

The Cardano price is up by 94.6% in the last 7 days and 133.4% in 30 days. However, not only this the price also increases almost 1073.0% last 1 year. The 52 weeks low and high for ADA is $0.01913 and $0.7025 respectively. That means today the price of ADA hits 52-week high.

If we look at the market capitalization of Cardano then it’s at the 4th spot with a market cap of $21,819,287,567 USD while that of XRP is $19,983,868,455 USD which is at the 5th spot. The 3rd spot currently taken by USDT whose market cap at press time is $28,258,354,822 USD.

There is a huge surge in the 24h traded volume of Cardano (ADA), it’s up by 45.41% from last 24h. Market cap is also up by 26.86% from last 24h.

On January 2018 the price of ADA was $0.69 USD and today it’s $0.70 USD. After Jan 2018 the price of ADA kept on declining and reaches to an all-time low of $0.01913 USD within this 3-year span.

Also, the all-time high of ADA is $1.33 USD which was on Jan 04, 2018. If we look at today’s price of ADA then its only 47.16% to go to hit its all-time high.

If we look at the charts then all its technical indicators like moving averages, oscillators are in the bullish zone.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.