{"id":508132,"date":"2022-10-27T11:42:27","date_gmt":"2022-10-27T11:42:27","guid":{"rendered":"https:\/\/wncen.com\/?p=508132"},"modified":"2022-10-27T11:42:27","modified_gmt":"2022-10-27T11:42:27","slug":"cardano-ada-market-cap-grows-by-over-1-billion-in-24-hours","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano-ada-market-cap-grows-by-over-1-billion-in-24-hours\/","title":{"rendered":"Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours"},"content":{"rendered":"

Cardano (ADA), over the last seven days, managed to grow by 16% as it rallied together with majority of its fellow altcoins during this week’s bullish run.<\/span><\/p>\n

At press time, according to tracking from <\/span>Coingecko<\/span><\/a>, the digital asset is trading at $0.405. It increased its value by 6.4% for the past two weeks and has trimmed its 30-day losses to 9.2%.<\/span><\/p>\n

Moreover, the digital currency managed to pump its overall <\/span>valuation<\/span><\/a> by over $1 billion as it now sits on a total market cap of $14.185 billion, ranking as 8<\/span>th<\/span> largest cryptocurrency in that department. <\/span><\/p>\n

Last October 25, Cardano\u2019s market capitalization was only at $12.35 billion.<\/span><\/p>\n

Indeed, ADA is benefiting from this positive rally. As to until when this trend will continue, it\u2019s still anyone\u2019s guess.<\/span><\/p>\n

Related Reading: Hedera: A Quick Evaluation Of The Network \u2013 And How HBAR Performed This Week<\/a><\/div>\n

Is It Good to Buy ADA Now?<\/b><\/h2>\n

Bearish signal indicators narrowly outnumbered bullish ones, 17 to 16. Still, with this development, sentiment towards the asset is favoring the bears.<\/span><\/p>\n

A deep dive at Cardano oscillators reveals a neutral score of 8. One was pointing towards the \u201cbuy\u201d direction while two were headed to \u201csell\u201d zone.<\/span><\/p>\n

However, by law of moving averages (AM), the crypto managed to stay on the \u201cbuy\u201d range, hinting that this might be a good time to start accumulating the altcoin.<\/span><\/p>\n

After all, there are a number of positive developments that might favor those who are in possession of the digital currency.<\/span><\/p>\n

For starters, the Cardano network recently implemented wallet <\/span>upgrades<\/span><\/a> on its system and the number of smart contracts running on its blockchain significantly increased over the last few days.<\/span><\/p>\n

With this, the ADA community is confident that it might trade at $0.51 by the end of next month.<\/span><\/p>\n

What’s Ahead For Cardano<\/b><\/h2>\n

Investors and traders, however, are cautioned as the cryptocurrency remains susceptible to high levels of volatility that the crypto space is known for.<\/span><\/p>\n

In fact, while the Cardano community is confident of a higher trading price next month, predictions from <\/span>Coincodex<\/span><\/a> say otherwise.<\/span><\/p>\n

Over the next five days, the crypto is seen to decline by almost 7% to trade at $0.382. With this, it might immediately obliterate its gains over the last couple of days.<\/span><\/p>\n

The online crypto tracker and data provider\u2019s 30-day forecast is more worrying, as ADA might end up plummeting all the way to $0.214.<\/span><\/p>\n

Related Reading: Stellar (XLM) Could Grow Dim This Week, But Buyers Don\u2019t Need To Back Down<\/a><\/div>\n

<\/p>\n

ADA total market cap at $1.3 billion on the daily chart | Featured image from Coinpedia, Chart: TradingView.com<\/a>\r\n\r\nDisclaimer: The analysis is based on the author's personal knowledge and should not be construed as investment advice.<\/pre>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA), over the last seven days, managed to grow by 16% as it rallied together with majority of its fellow altcoins during this week’s bullish run. At press time, according to tracking from Coingecko, the digital asset is trading at $0.405. It increased its value by 6.4% for the past two weeks and has trimmed its 30-day losses to 9.2%. Moreover, the digital currency managed to pump its overall valuation by over $1 billion as it now sits on a total market cap of $14.185 billion, ranking as 8th largest cryptocurrency in that department. Last October 25, Cardano\u2019s market capitalization was only at $12.35 billion. Indeed, ADA is benefiting from this positive rally. As to until when this trend will continue, it\u2019s still anyone\u2019s guess. Related Reading: Hedera: A Quick Evaluation Of The Network \u2013 And How HBAR Performed This Week Is It Good to Buy ADA Now? Bearish signal indicators narrowly outnumbered bullish ones, 17 to 16. Still, with this development, sentiment towards the asset is favoring the bears. A deep dive at Cardano oscillators reveals a neutral score of 8. One was pointing towards the \u201cbuy\u201d direction while two were headed to \u201csell\u201d zone. However, by law of moving averages (AM), the crypto managed to stay on the \u201cbuy\u201d range, hinting that this might be a good time to start accumulating the altcoin. After all, there are a number of positive developments that might favor those who are in possession of the digital currency. For starters, the Cardano network recently implemented wallet upgrades on its system and the number of smart contracts running on its blockchain significantly increased over the last few days. With this, the ADA community is confident that it might trade at $0.51 by the end of next month. What’s Ahead For Cardano Investors and traders, however, are cautioned as the cryptocurrency remains susceptible to high levels of volatility that the crypto space is known for. In fact, while the Cardano community is confident of a higher trading price next month, predictions from Coincodex say otherwise. Over the next five days, the crypto is seen to decline by almost 7% to trade at $0.382. With this, it might immediately obliterate its gains over the last couple of days. The online crypto tracker and data provider\u2019s 30-day forecast is more worrying, as ADA might end up plummeting all the way to $0.214. Related Reading: Stellar (XLM) Could Grow Dim This Week, But Buyers Don\u2019t Need To Back Down ADA total market cap at $1.3 billion on the daily chart | Featured image from Coinpedia, Chart: TradingView.com Disclaimer: The analysis is based on the author’s personal knowledge and should not be construed as investment advice.<\/p>\n","protected":false},"author":557,"featured_media":498396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,134,428,1119,1144,12332,6664,1946,8686,8322],"class_list":["post-508132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-altcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-cardano","tag-crypto","tag-ethereum","tag-ethusd","tag-market-cap"],"acf":[],"yoast_head":"\nCardano (ADA) Market Cap Grows By Over $1 Billion 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours","url":"http:\/\/wncen.com\/news\/cardano-ada-market-cap-grows-by-over-1-billion-in-24-hours\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano-ada-market-cap-grows-by-over-1-billion-in-24-hours\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Cardano-2.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Cardano-2.png?fit=850%2C446"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","altcoin","bitcoin","btc","btcusd","cardano","crypto","ethereum","ethusd","market cap"],"dateCreated":"2022-10-27T11:42:27Z","datePublished":"2022-10-27T11:42:27Z","dateModified":"2022-10-27T11:42:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano-ada-market-cap-grows-by-over-1-billion-in-24-hours\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano-ada-market-cap-grows-by-over-1-billion-in-24-hours\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Cardano-2.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Cardano-2.png?fit=850%2C446\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"altcoin\",\"bitcoin\",\"btc\",\"btcusd\",\"cardano\",\"crypto\",\"ethereum\",\"ethusd\",\"market cap\"],\"dateCreated\":\"2022-10-27T11:42:27Z\",\"datePublished\":\"2022-10-27T11:42:27Z\",\"dateModified\":\"2022-10-27T11:42:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Cardano-2.png?fit=850%2C446","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/508132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=508132"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/508132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/498396"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=508132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=508132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=508132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}