Cardano Price Analysis: Cardano (ADA) Switches To High-Security Mobile Wallet For Growth

Cardano Price Analysis: Cardano (ADA) Switches To High-Security Mobile Wallet For Growth

Sunday, July 7, 2019, 8:26 AM
  • Cardano partners with Ellipal Hardware for high-security mobile wallet

This has been a good week for Cardano holders as the currency performed well. It may have slipped a little from its 7-day’s high of $0.087, but the firm has partnered with Ellipal Hardware for secure mobile wallet support to the currency holders using ADA on their mobile wallets. The move is rightly timed owing to increasing fraudulent activities and will allow users to trade ADA fearlessly. The current market statistics show a progressive picture.

ELLIPAL Hardware Wallet is now proudly supporting #Cardano $ADA!😊
Store your $ADA in the most secure air-gapped hardware wallet with mobile support!
Easy and reliable with QR code transactions and large touch screen!
Learn more: https://t.co/92wZSTntXF@CardanoStiftung @Cardano pic.twitter.com/KQcKzNZdvX

— ELLIPAL (@ellipalwallet) July 3, 2019

Current Statistics of Cardano:

Cardano records 1% since yesterday rising from $0.07675 to its current value at $0.07797 as on July 7, 2019, at 07:31:02 UTC. The coin started surging rapidly yesterday and reached as high as $0.08051, but it started falling again and reached its starting value of $0.007675. Currently, it is rising upwards.

Cardano Price Chart - 7 July 2019
1-Day Cardano Chart
  • The ADA price is currently trading at $0.07797 and 0.00000695 BTC
  • The market cap of the coin is now $2,021,910,212
  • The 24 h volume has reached $120,409,244
  • The circulating supply of the coin is noted to be 25,927,070,538 ADA
  • The ROI of ADA stands at 261.26%

The first resistance level of Cardano will be at $0.079 post, which it will start rising rapidly. The ADA coin closed yesterday trading at $0.07733 and the lowest recorded value yesterday was $0.07628. It may end on a better note today.

Cardano Price Prediction:

Cardano has taken enough measures in the first half of the year, and it may start showing results very soon. The coin has inked alliance with global market leaders, has expanded its presence in newer markets and now introducing mobile wallets to make ADA token accessible to a majority of enthusiasts. Hence, ADA may roam around $0.3 to $0.5 by the end of this year.

Conclusion:

It is a good time to invest in ADA in bulk as the crypto is highly sustainable and promises long-term returns.

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