A look at the historical price of Adacoin

On March 9, the price of ADA was $0.38, and its all-time high was $1.29 on January 19, 2018. Factors that influence the price of Cardano include market sentiment, cryptocurrency market trends, fundamentals, news announcements, and regulation.

ADA Coin Price

As of the time of writing (March 9, 2023), one ADA Coin (ADA ) is priced at $0.38.

A glance at the historical price of ADA Coin

The historical price of ADA Coin is as follows:

• September 29, 2017: $0.017 USD
• Jan 19, 2018: $1.29 (all-time high price)
• Dec 15, 2018: $0.049
• July 9, 2019: $0.039
• Jan 1, 2020: $0.050
• Jan 1, 2021: $0.18
• Jan 1, 2022: $1.18
• January 1, 2023: $0.24
• March 9, 2023: $0.38

Factors affecting the price of ADA Coin

Factors that affect the price of Cardano include:

• Market Sentiment: Positive sentiment will boost the price, while negative sentiment will push the price down.
• Overall Cryptocurrency Market Trends: The overall performance of the cryptocurrency market often affects the price of individual cryptocurrencies.
• Fundamentals: Fundamental factors such as the development progress of the project and the strength of the team can affect the price.
• News Announcements: Project-related news announcements, such as collaborations or major upgrades, can have a significant impact on price.
• Regulation: Changes in government regulation of cryptocurrencies can affect their prices.

Analysis of ADA currency price fluctuations and future trends

As of noon on September 10, 2024, the price of Cardano (ADA) is $0.339, with 24-hour trading volume was US$239 million.

Recent Trend

ADA price is down 1.38% in the last 24 hours. This decline is likely due to the overall downturn in the cryptocurrency market and continued selling by investors.

Influencing factors

The main factors causing ADA price fluctuations include:

• Investor sentiment
• Bitcoin and Prices of Other Cryptocurrencies
• Regulatory Policies
• Development of Competing Cryptocurrencies

Future Analysis

The Future of ADA Price movements are difficult to predict, but some experts believe that ADA could see some gains if the cryptocurrency market continues to improve. However, there are also risk factors to consider, such as regulatory uncertainty and market volatility.

Take action

Investors should pay close attention to ADA’s price trends and factors affecting its value. It's important to do your research and understand the risks before investing.

Short-Term Forecast

In the short term, ADA price may continue to trade sideways or fall slightly. However, if the cryptocurrency market rebounds, ADA may rebound.

Main Indicators

• Current Price: $0.339
• 24 Hour Trading Volume: $239 Million
• Floating Volume : 359.6 billion pieces
• Total supply: 450 billion pieces
• Circulation market value: US$122 billion

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