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Cardano Price Daily Analysis: Cardano Stays Steady at $0.2539 on Sep 18, 2023

As we approach the mid of September, today’s market summary illustrates a relatively calm day for Cardano (ADA). It has managed to keep its position steady amidst the standard volatility of the cryptocurrency market.

At the time of writing, the price of Cardano stands at $0.2539. Over the past 24 hours, ADA witnessed a price fluctuation between $0.25517 and $0.244853 with a total of 113775046.0000 ADA being traded.

The total value of all circulating coins, i.e., market capitalization for Cardano, stands at an impressive $8890088345.0000. Cardano secures the 8th position in the Top 50 Cryptocurrencies in terms of market capitalization.

Transitionally, Cardano commands a market cap dominance of 740.8407. Over the last 7 days, the price of ADA has swayed between 3.7253%. Despite a -4.16313% trend line, the overall investor sentiment in Cardano remains positive at 76.7%.

The highest price Cardano reached is $3.09, while its record low is $0.01925275. Currently, the circulating supply of ADA is 35045020830.3234. Cardano has a max supply limit of 45000000000 coins.

Price Prediction for the next 24 Hours

Basing on the current market data and investor sentiment, Cardano is likely to maintain its position in the short term, with a potential for modest fluctuations between bearish and bullish runs.

7-day Price Prediction

Based on Cardano’s established pattern, it is expected to sustain its standing in the upcoming week. The currency’s correlation with Bitcoin could play a significant role in future price dynamics.

With Bitcoin’s current price at $27,324.00, it gives us an insight into initial trends for top 50 cryptos, including Cardano, and may predict the direction of ADA according to its correlation with Bitcoin.

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