The price of Cardano (ADA) is now on fire

The price of Cardano (ADA) is now on fire

By stvleong | Steven Leong | 4 Jun 2020


When the price of Bitcoin decreased by $700 in minutes, the price of Cardano stayed steady. It is now surpassed by market cap into the top ten coins and is currently the industry leader.

655156bed617b9436227827c8344fd22655f00ecd46f7699963788524ecbf885.png

Cardano (ADA) has recently been making a breakthrough in price gains when the rest of the industry is struggling to sustain their earlier dynamics. On the last day alone, Cardano won 6.7 percent to $0.087 and hit $0.09 for a brief period of just under a year. This happened while most other cryptocurrencies have either stagnated or only slightly improved since yesterday.

18d612628dcc3c773b08bb7adfcdd8ee21915a18d28aa77109275b96cbeda995.png

Cardano started its rise in mid-March, when it hit $0.02 following a big market crash the same month. Initially, growth progressed slowly until the end of May when it was announced that the long-awaited upgrade to Shelley 's network was probably due at the end of June. The latest update will see Cardano production company IOHK turn over the ownership of Cardano to the group, which can then participate by signing up for stake pools.

bea7ff06da81273ba1768f1a3572635d4bbab57693de9762c1e6ac126c952669.png

Shortly after the announcement, Cardano began to see a major interest increase, as crypto-monetary trade volumes increased from about 200 million dollars a day on 28 May to more than 660 million dollars today, equivalent to a 230% increase a week.

At the same time, ADA also saw its value grow significantly, rising from $0.055 in the news day to $0.0867 today — equivalent to a 57.6% profit a week. This growth was maintained during a sudden market dump on Tuesday that saw a sudden loss of approximately five percent in less than an hour of most cryptocurrencies, including Bitcoin ( BTC), Ethereum ( ETH) and Litecoin ( LTC). On the other side, Cardano shrugged it off.

 

Previous post:

Scammer Spoofs SMS Steal Funds Identifier for Bitcoin users
https://www.publish0x.com/steven-leong/scammer-spoofs-sms-steal-funds-identifier-for-bitcoin-users-xjjojqo

Bitcoin Rising, Satoshi Discoveries and Google Enters the Race: Bad Crypto News of the Week
https://www.publish0x.com/steven-leong/bitcoin-rising-satoshi-discoveries-and-google-enters-the-rac-xzynyly

US Proposes $5 M Price for Venezuelan Crypto Leader Arrest
https://www.publish0x.com/steven-leong/us-proposes-5-dollars-m-price-for-venezuelan-crypto-leader-a-xnlqvpe

50 Million-user KakaoTalk Chat App Crypto Wallet Launches Today
https://www.publish0x.com/steven-leong/50-million-user-kakaotalk-chat-app-crypto-wallet-launches-to-xjjmkyn

Japanese finance minister may oppose a reduction in the Crypto tax
https://www.publish0x.com/steven-leong/japanese-finance-minister-may-oppose-a-reduction-in-the-cryp-xkkylor

Global Crypto Awards 2020
https://www.publish0x.com/steven-leong/global-crypto-awards-2020-xmdknvw

Western Union Makes Takeover Offer for MoneyGram
https://www.publish0x.com/steven-leong/western-union-makes-takeover-offer-for-moneygram-xmdknee

Why Bitcoin Hitting $10,500 Was So Important
https://www.publish0x.com/steven-leong/why-bitcoin-hitting-10-dollars-500-cents-was-so-important-xvrwqxv

Dark Web Merchants are selling thousands of stolen credit card numbers
https://www.publish0x.com/steven-leong/dark-web-merchants-are-selling-thousands-of-stolen-credit-ca-xyvkddj

The 'PlayMining' DEA project allows players to earn points and use them in real life
https://www.publish0x.com/steven-leong/the-playmining-dea-project-allows-players-to-earn-points-and-xdrnkjd

New Crypto Product Launch: Bitcurate LIVEFEED - Your 1-stop crypto alert
https://www.publish0x.com/steven-leong/new-crypto-product-launch-bitcurate-livefeed-your-1-stop-cry-xolmqwp

Brave Browser: TRULY FASTER - The browser that rethinks the web
https://www.publish0x.com/steven-leong/brave-browser-truly-faster-the-browser-that-rethinks-the-web-xmdkprx

Bitcurate - Cryptocurrency predictive data intelligence platform
https://www.publish0x.com/bitcurate-crypto-predictive-data-intelligence/bitcurate-cryptocurrency-predictive-data-intelligence-platfo-xgddnxm


stvleong
stvleong

I'm a Digital Marketing Lead | Crypto Trader | Affiliate Marketer and love to write posts related to crypto and anything that is interesting.


Steven Leong
Steven Leong

Passionate and love to write articles related to crypto news, articles, guides, reviews, price predictions and more. Follow me and like my post.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.