Cardano has been one of the fastest growing cryptocurrencies of the week. Over the past few days, the currency has made the most out of the bull-run that markets are going through and has surged quite a bit! Cardano is one of the newest names in the cryptocurrency markets – having started operations in late 2017. The currency has, in a very short span of time, amassed a large number of backers. Cardano currently stands in at #7 when it comes to the list of top cryptocurrencies by market cap.
Cardano’s price, over the past 24 hours, has grown by 5% as the currency has gone from $0.200 to $0.210. Cardano’s market cap too, has shot up from $5.2 to $5.45 Billion over this period of time, gaining $250 Million over the 24 hour period. Cardano has been one of the rare few currencies which continues to be bullish even after a strong bull-run over the past couple of days.
The past week has been a great time for Cardano investors as the price has shot up from $0.15 to $0.210, peaking at a high of $0.217 for a while. The market cap, over the week has exploded from $3.9 Billion to $5.45 Billion – rising by over $1.5 Billion during the week. The price surge has been massive and Cardano is perhaps the strongest growing currency of the week.
Unlike other currencies which have gone stable or slowed down, Cardano’s momentum hasn’t really been broken as much. The currency continues to boom and if this pace is maintained, Cardano’s price may soon cross $0.25 over the next week and aim $0.3 but that would need another strong wave of bullish momentum. For now, an optimistic target would be that of $0.25 but a more practical one would be of $0.225 and $0.235.
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