(VIANEWS) – ADA/USD trades within ‘distant sight’ of 1.300000 resistance this morning. However, it’s still far from the heights reached on July 26th when it crossed the 1.400000 juncture.
DailyForex reports that cryptocurrency has been attractive to bullish speculators who are waiting for reversals higher. On the 20th July, ADA/USD hovered above the psychological ratio of 1.000000. Since these lows, ADA/USD is now correlated with other crypto markets and has shown solid reversals.
Cardano (ADA-USD) Cryptocurrency is currently on bearish momentum by 3.17% in the last 6 hours. At 07:57 EST on Friday, 30 July, Cardano (ADA-USD) is at $1.2600.
Today’s last reported volume for Cardano is 1323484583, 66.94% below its average volume of 4003868162.49.
All-Time High and Low
Cardano’s current value is at $1.26, 48.3% below its all-time high of $2.45 on Sunday, 16 May.
Cardano’s current value is at $1.26, 6466.6% above its all time low of $2.45 on Friday, 13 March.
Market Cap and Supply
Cardano’s current market cap is at 40477950312. The total supply is 45,000,000,000.00, maximum supply is 45,000,000,000.00, and the circulating supply is 32,066,390,668.41.
Currently, Cardano (ADA-USD) has 532744 Twitter followers and 549801 Reddit subscribers.
As of now, on Github, there are 608 forks, 3635 stars, and 444 subscribers.
Cardano’s last week, last month’s, and last quarter’s current volatility was a positive 1.79%, a negative 0.05%, and a positive 5.34%, respectively.
Cardano’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 4.66% (last week), 3.24% (last month), and 5.34% (last quarter), respectively.
Other News About Cardano (ADA-USD)
According to DailyForex on Thursday, 29 July, “Traders of Cardano need to monitor ADA/USD carefully and look at support junctures below too. “, “Traders need to use limit orders, take profit and stop loss tactics in order to trade Cardano effectively.”
News about Bitcoin
New IRA product allows for tax-free Bitcoin mining. According to Bloomberg Quint on Thursday, 29 July, “IRA provider Choice and Bitcoin mining and hosting firm Compass Mining announced that they’re offering an IRA that will allow miners to produce the cryptocurrency in a tax advantaged account.”, “The two companies are teaming up to allow clients to buy Bitcoin mining machines through an IRA.”
Btc/usd forecast: Bitcoin explodes on Amazon rumor – 27 July 2021. According to DailyForex on Tuesday, 27 July, “Ultimately, this has people speculating that Bitcoin is going to be accepted by Amazon, and as a result traders went wild with the assumption that adoption will drive prices higher. ”
More news about Cardano (ADA-USD).