coinedition.com
After yesterday’s selloff in the market, Cardano (ADA) is one of the cryptocurrencies in the red for today. The crypto market tracking website CoinMarketCap indicates that ADA is currently trading hands at $0.3319 after a 5.24% drop in price over the last 24 hours. The Ethereum-killer reached a low of $0.3267 and a high of $0.3546 over the same time period.
stands at $11,478,130,610, which makes it the 8th biggest crypto in the market in terms of market capitalization. This places ADA right behind Binance USD (BUSD) in the 7th position and in front of Dogecoin (DOGE) which is ranked 9th.
The CEO of Evai, Matthew Dixon, took to Twitter earlier this morning to share his own insights about what the price of ADA might do in the coming days. The CEO stated in his Tweet that yesterday’s crypto selloff did not change his beliefs about the altcoin. He believes that the ADA price will likely experience a modest correction a little higher before its next move downward.
Dixon concluded the Tweet by stating the downward move seems corrective, and if traders use the right strategy it could yield some positive results.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss