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Cardano Price Analysis: ADA Slays With A Heavy Bearish Trend



The crypto market sphere has attained no change till now, and the intense volatility is slaying down every potential of the altcoins like Cardano (ADA). In the past two days, the coin is completely submerged in the bearish zone. Majority crypto enthusiasts are of the opinion that as long as volatility will not get to a certain ground, it is not easy for the altcoin like ADA to have a good impact on its trendline and this is the reason why majority projects can fail in the upcoming days.

Current statistics of Cardano:

  • Price in USD: 0.0508 USD (06:27 UTC as on 9th August)
  • Price in BTC: 0.00000431 BTC
  • Circulating supply: 25,927,070,538 ADA
  • Market cap: 1,320,058,365 USD
  • Market rank: 13

Cardano Price analysis and future price predictions:

Cardano Price Prediction
Cardano Price Chart by TradingView

From the above 1-day chart, it is well observant that Cardano’s bearish trend is highly persistent than its bullish trend. Although, intermediately, it is trying to move up in the bullish zone, but due to heavy pull back, it is lacking effective support levels which can actually help to retain its positive values. Its momentum is declining down really fast. For instance, yesterday, it traded at a low value of 0.0505 USD, and today, it had traded at 0.0506. So, the shift in the prices is not as huge as the bearish range is pretty much consistent in case of ADA, and within one day, its value got increased by 0.59%. With high market volatility, it is getting tougher for ADA to rise up, and even if it is doing so, it cannot retain the same for long. But the coin has enough potential and it is expected to trade around $0.3 by the end of 2019.


The current crypto sphere is highly unfavorable and this degrades down the values of altcoins like ADA to a great extent. However, experts foresee a positive future in the long-term, and the investors are expected to fetch good returns.

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Crypto News

Bitcoin Hash Rate Surpasses 102Quintillion Achieving a New Network Milestone –




The bitcoin network appears to be growing leaps and bounds. The latest reports reveal that the network’s hash rate has surpassed record 102quintillion hashes for the first time in history. This is a historic milestone for the general crypto sphere.

Another Zero Comes into the Hash Rate

Reliable data from the monitoring resource Blockchain confirmed on September 18 that Bitcoin’s hash rate has reached a high of 102.8 quintillion hashes. Hash rate is ultimately described as a function of how secure the Bitcoin network is. The latest achievement follows a series of records for the metric in 2019.

Over the past few months, it is evident that the hash rate has grown considerably showing that the network is expanding despite the bitcoin price struggling around the $10,000 level. Hash rate is described as the amount of computing power that is involved in the processing of Bitcoin transactions.

The higher the number of hashes, the more suggested competition there is among the miners to get the block reward. Since December last year, the hash rate has progressed from recent lows of 31 quintillion hashes per second equalling the progress to around 230%.

Bitcoin Bulls Await Price Implications

The current hash rate growth has excited most commentators. However, they are still wary of the moderate decline in the Bitcoin price. The new upward action for hash rate seems to point to a future price growth as many commentators suggest. The hash rate started growing in January after many months of decline and the price following the upward trend in April.

Lightning Torch organizer Hodlonaut commented on the current rate of growth. Hodlonaut stated that the figures spoke to the underlying confidence that has developed among the miners. He forecast:

“Last readjustment period (2016 blocks, or around 2 weeks) increased 10.38%. We are about halfway through the current readjustment period, and on track for another 11.85% increase.”

Many other bitcoin proponents have already given their more bullish predictions. Some of these crypto bulls are still adamantly sticking to their predictions that the token will hit a new all-time high before the end of 2019.

Max Keiser is a firm believer in Bitcoin’s prowess over all the altcoins. He has often doubled down on his forecast of giant surges in both hash rate and price in the short-term. Whether the price will follow the hash rate growth or not, only time will tell.

John Wanguba

John Wanguba

John is a content crafter and has experience in writing Forex and Crypto news for FXTimes for over a year. He is also an experienced creative and technical writer, and is usually one of the first ones to publish, discover or cover a scoop. e-mail:

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