- ADA is currently trading hands at $0.3319 after a 5.24% drop in price.
- Matthew Dixon believes the ADA price will likely experience a modest correction a little higher before its next move downward.
- If traders use the right strategy this move could yield some positive results.
After yesterday’s selloff in the market, Cardano (ADA) is one of the cryptocurrencies in the red for today. The crypto market tracking website CoinMarketCap indicates that ADA is currently trading hands at $0.3319 after a 5.24% drop in price over the last 24 hours. The Ethereum-killer reached a low of $0.3267 and a high of $0.3546 over the same time period.
stands at $11,478,130,610, which makes it the 8th biggest crypto in the market in terms of market capitalization. This places ADA right behind Binance USD (BUSD) in the 7th position and in front of Dogecoin (DOGE) which is ranked 9th.
The CEO of Evai, Matthew Dixon, took to Twitter earlier this morning to share his own insights about what the price of ADA might do in the coming days. The CEO stated in his Tweet that yesterday’s crypto selloff did not change his beliefs about the altcoin. He believes that the ADA price will likely experience a modest correction a little higher before its next move downward.
Dixon concluded the Tweet by stating the downward move seems corrective, and if traders use the right strategy it could yield some positive results.
ការមិនទទួលខុសត្រូវ: ទស្សនៈ និងមតិ ក៏ដូចជាព័ត៌មានទាំងអស់ដែលបានចែករំលែកនៅក្នុងការវិភាគតម្លៃនេះត្រូវបានបោះពុម្ពផ្សាយដោយស្មោះត្រង់។ អ្នកអានត្រូវតែធ្វើការស្រាវជ្រាវដោយខ្លួនឯង និងឧស្សាហ៍ព្យាយាម។ សកម្មភាពណាមួយដែលធ្វើឡើងដោយអ្នកអាន គឺស្ថិតក្នុងហានិភ័យផ្ទាល់ខ្លួន។ Coin Edition និងសាខារបស់វានឹងមិនទទួលខុសត្រូវចំពោះការខូចខាត ឬការបាត់បង់ដោយផ្ទាល់ ឬដោយប្រយោល។
Source: https://coinedition.com/adas-price-down-by-5-after-yesterdays-market-selloff/