On July 5th, Cardano (ADA), the eighth largest cryptocurrency by market capitalization, experienced a fairly calm trading day. The price of Cardano hovered around $0.285868, with a low of $0.284577 and a high of $0.296062 during the past 24 hours.
With a 24-hour trading volume of $192,010,621, Cardano saw a slight decrease compared to previous trading days. This could signal a less volatile market for the cryptocurrency, which may appeal to some investors.
The coin has shown a 7-day low and high of $0.266654 and $0.298878 respectively, indicating a relatively stable performance in the past week. Its market capitalization was about $10.02 billion, making it the 8th largest cryptocurrency, holding a 0.813% dominance of the total cryptocurrency market cap.
Cardano is still far from its all-time high of $3.09, down 90.76% since it reached this peak on September 2, 2021, almost two years ago. Conversely, it’s up 1,381.42% from its all-time low of $0.01925275 on March 13, 2020.
Cardano Price Prediction
Next 24 hours: The crypto market remains volatile, and although Cardano has shown relative stability in the past few days, it is difficult to accurately predict its price. However, given today’s trading range and recent market behavior, Cardano could fluctuate between $0.28 and $0.30 in the next 24 hours.
Next 7 days: In the longer term, if Cardano maintains its current performance, we could see a price range of $0.26 to $0.31. This, of course, will be influenced by overall market conditions and news surrounding the Cardano project.
Always remember that the cryptocurrency market is extremely volatile, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
This article will be updated as market conditions change. Stay tuned to our Cardano Price page for the latest information.