Cardano is ranked at #11 below Monero but above TRON in the market. The trading volume recorded stands at $47.053 million, whereas the supply has 25,927,070,538 ADA coins in play. As of this moment, the total market cap of Cardano is $1.186 billion. For now, ADA is priced at $0.045745, and a decline rate of 4.38% was felt in the course of the past 24-hours.
According to data obtained from the ADA/USD candlestick chart on tradingview, the price is being impaired due to sellers acting up. The 4-hourly RSI is at $45.81, and it might sink further. From a day back, the MACD line has been soaring beneath the signal line. This points to bearish pressure influencing the asset at present.
The Ichimoku Cloud may turn green after a day or two, which indicates the pressure due to buyers shall also return. The Awesome Oscillator peaks range above the zero line, but the final few bear the brown shade.
EMURGO is very excited with the release of Tangata Manu, marking the 3rd product that we have developed for the Cardano (ADA) community, following @YoroiWallet (Cardano digital wallet) and @seiza_explorer (Cardano blockchain explorer)! https://t.co/7STBzBPlkT pic.twitter.com/IY7wQvKra2
— EMURGO (@emurgo_io) September 10, 2019
The Second Phase of the Shelley testnet will soon be unveiled, according to a recent AMA session conducted by Charles Hoskinson. Shutting down trolls who ridiculed the platform and compared him to the CEO of BitTorrent and TRON founder, Charles promised that the next few months will be exciting for the entire community.
MetaBlock carried out an analysis and ranked Waves, Cardano, and Ethereum in terms of the development of the network. This proves that even though the growth of Cardano has been gradual, the team hasn’t slacked off and is still moving in the right direction. Like always, Cardano keeps competing against Stellar Lumens and Monero in the market, but TRON has fallen back.