This article looks at the price action of $ADA, the native cryptocurrency of the Cardano blockchain.
As of 3:50 p.m. UTC on March 6, $ADA is trading around $0.3358 (down 1.3% in the past 24-hour period), making it the 8th most valuable cryptocurrency, with a market cap (i.e., current price * circulating supply) of $11.76 billion and a fully diluted valuation (i.e., current price * max supply) of $15.11 billion.
$ADA’s all-time low and all-time high, recorded on March 13, 2020, and September 2, 2021, are $0.0192 and $3.09, respectively.
According to data from TradingView, on crypto exchange Coinbase, $ADA is trading around $0.3359, up 37.43% in the year-to-date period.
Data from blockchain analytics firm IntoTheBlock (ITB) shows that 16% of $ADA addresses are in the money (making profits), 4% are at the money (breaking even), and 80% are out of the money (losing money) given the current market price of $ADA.
<!–
–> <!–
–>
Here is what two popular crypto analysts are saying on Twitter about $ADA’s recent price action:
Crypto price tracker CoinCodex expects the $ADA price to hit $0.326373 by March 1, 2023.
As for their long-term price targets for $ADA, here are their predictions for how high could go by 2024, 2025, and 2026 based on tech growth:
And their technical analysis of the $ADA price charts — based on data from March 06, 2023 at 4:13 p.m. UTC — suggests that “the general Cardano price prediction sentiment is bearish, with 6 technical analysis indicators signaling bullish signals, and 26 signaling bearish signals.”
Image Credit
Featured Image via Unsplash
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.cryptoglobe.com/latest/2023/03/cardano-ada-price-analysis/
- :is
- ][p
- $3
- $UP
- 1
- 11
- 2020
- 2021
- 2023
- 2024
- a
- About
- Action
- addresses
- Ads
- All
- all-time low
- analysis
- Analysts
- analytics
- and
- ARE
- around
- article
- At
- based
- bearish
- Billion
- blockchain
- BLOCKCHAIN ANALYTICS
- Breaking
- Bullish
- by
- cap
- Cardano
- Charts
- circulating
- coinbase
- could
- crypto
- crypto exchange
- crypto exchange Coinbase
- cryptocurrency
- Current
- data
- down
- e
- Even
- exchange
- expects
- Firm
- For
- from
- fully
- given
- Go
- Growth
- here
- High
- Hit
- How
- How High
- HTTPS
- i
- image
- in
- Indicators
- intotheblock
- IT
- jpg
- long-term
- LOOKS
- losing
- Low
- Making
- March
- March 1
- Market
- Market Cap
- max
- money
- most
- native
- of
- on
- past
- period
- plato
- Plato Data Intelligence
- PlatoData
- Popular
- prediction
- Predictions
- price
- PRICE ACTION
- Price Analysis
- Price Prediction
- profits
- recent
- recorded
- Screen
- screens
- sentiment
- September
- Shows
- signals
- sizes
- Suggests
- supply
- targets
- tech
- Technical
- Technical Analysis
- that
- The
- their
- to
- Trading
- TradingView
- use
- UTC
- Valuable
- Valuation
- What
- with
- zephyrnet