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Cardano Foundation and IOHK to collaborate during the WyoHackathon 2019; price wanes below $0.045


Cardano is ranked at #12 to the south of Stellar but above LEO in the market. The price diminished at a rate of 2.26% in the course of the past 24-hours. The trading volume recorded is $47.140 million, while the supply has 25,927,070,538 ADA coins in play. As of this instant, the total market cap of Cardano is $1.140 billion. ADA is priced at $0.043982 for now.

Data from the ADA/USD candlestick chart on tradingview points to bearish momentum impacting the altcoin. The 4-hourly RSI is at 37 and might head further down by tomorrow. This would lead to ADA being in danger of being oversold, which would be a bad omen. Since the past day, the MACD line has lingered south of the signal line, ensuring that the histogram continues to thrive in the red zone.

Once again [since the resistance level has been breached] barriers may hamper growth beyond $0.047467. Support lies near $0.04346.

The 2-year anniversary is a cause of celebration for ADA enthusiasts. Hopefully, this shall help Cardano soar further above $0.05 soon. The second phase of the Shelley Testnet is set to be unleashed in September this year, according to the announcement by Charles Hoskinson [Ethereum Co-founder, key force behind IOHK].

Cardano Ambassadors should focus on mass adoption involving merchants, which shall help ADA scale wuthering heights.

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