As of this instant, Cardano is positioned at #12 on coinmarketcap. The price expanded at a rate of 0.92% in the course of the past 24-hours; this, in turn, helped $ADA climb all the way up to the $0.042281 mark where it currently rests. The trading volume recorded stands at roughly $52.337 million. The total market cap of Cardano amounts to $1.096 billion.
Daniel Friedman has been associated with NeXT Consulting and HONDA. In 2016, he was the Acting Platform Manager at Cardano and was later awarded a key post in the field of Business Development at IOHK [in Osaka, Japan]. Dan was interviewed by The Cryptoviser not too long ago. You can watch the entire discussion right here:
Daniel’s familiarity with technical concepts helped him get his point across for whosoever chooses to invest in Cardano. Many within the industry regard this initiative as a “Sleeping Giant”; $ADA is expected to skyrocket by the time the Goguen phase comes into play. While some have criticized Charles for being slow, others have publicly endorsed the gradual pace at which $ADA progresses. After all, patience is a virtue a select few cares for.
In accordance with the candlestick chart connected to the ADA/USD pair on tradingview [based on data drawn from the Bittrex Exchange], this digital currency is being backed by buyers, although bullish forces are low in terms of strength. From 30th October onwards, the MACD line has ventured closer to the signal line, thereby causing the emerald histogram to appear faded.
Similarly, in the aftermath of 30th October, the peaks tied to the Awesome Oscillator [though created atop the zero line] possessed the brown shade, which points towards the dawn of bearish momentum which has influenced Cardano today as well. The daily RSI [for 14 periods] has recovered by a small margin, and sits at 54.36 which indicates that $ADA is marching through the neutral zone.