Cardano achieves exceptional growth in 2020, also thanks to the Shelly update and Hard-Force. Years of work and research are transformed into key results. Can it, together with Chainlink’s support, make it to the top 5 by capitalization?
Yesterday, we reached a marketcap value of $ 289 billion (+ $ 1 billion / 24 hours). This week we are recording a low of USD 271 billion and a high of USD 290 billion. Bitcoin is low at $ 9,130 over the same period. We are currently worth $ 9,540 for one BTC coin. Bitcoin dominance is declining (1D.) And is now at 61.5 percent.
Previous market overview: 25.07.20 [Přehled trhu+BTC] Bitcoin must hold $ 9,500 before the weekend
Selected coins from the top capitalization for yesterday:
Bitcoin (BTC) $9 565,88 USD (-0,05%)
Cardano (ADA) $0,133236 USD (8,60%)
The best growth from the top 100 marketcap yesterday was recorded by:
Ampleforth (AMPL) $2,52 USD (18,48%)
TomoChain (TOMO) $1,14 USD (15,46%)
Swipe (SXP) $2,15 USD (15,45%)
Flexacoin (FXC) $0,005284 USD (12,81%)
Blockstack (STX) $0,181923 USD (10,79%)
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Evaluation of the situation on the world market
For yesterday:
SP500: -0,62 %. NASDAQ: -0,92 %. GOLD: 0,03 %. DOW J.: -0,68 %
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[ADA/USD] In 2020 to present value: 307%
So far, an almost unbelievable 300% in 2020. Investors are enjoying great popularity at the moment the 6th most capitalized cryptocurrency. Can Bitcoin Cash overtake currently in 5th place? Cardano currently has a capitalization of $ 4.4 billion and needs $ 1.1 billion on BCH. It seems quite unrealistic, but even the growth of 300% in 2020 was unimaginable for many.
Cardano is benefiting from Shelly’s announcement (marked on the chart), which has risen 144% to its current value. We are currently getting back to this year’s highs at $ 0.134. On the graph we see the breaking of the triangle, and if it is not just about bull trap, so we could grow on the ADA / USD exchange rate to the values of 0.20 USD, which represent the closest resistance from 18.07.2018. But if it was a bull trap, we would get back to the triangle and expect movement in it. Hard-Fork is set at 29.07 and investors want to use the remaining days for a smaller pump. Whether it will go up to $ 0.20 will be decided by the whales, who packed well for the ADA when they left Bitcoin and apparently moved to THERE’S, LINK, ETH apod.
Bull Trap
A market formation that got its name from the trapping of bulls. A situation where everything shows growth, so that a sharp sale comes right away. A trap – a trap – is usually set in the form of a false break into a new peak. The market does not have enough strength at the new peak, the appetite for shopping is disappearing from the market, sellers are increasing their shorts and those who have bought them are getting rid of their positions. Markets also very often only pick up stop losses located in these places and catch retailers in further purchases, but in reality they just go for the necessary liquidity.
ATTENTION: No data in the article is an investment board. Before you invest, do your own research and analysis, you always trade only at your own risk. The kryptomagazin.cz team strongly recommends individual risk considerations!
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