Cardano, Monero, Zcash Price Analysis: 23 June – AMBCrypto EnglishJune 23, 2020
A minor upswing in the cryptocurrency market seemed to have catapulted its collective market cap to $273 billion, with Bitcoin‘s dominance holding steady at 64.7%, at the time of writing. Following the same, many of the market’s altcoins also recorded minor upticks of their own on their charts.
Cardano’s native cryptocurrency, ADA, had posted a stunning surge lately, a surge supported by the hype around the upcoming Shelley mainnet launch. ADA’s price gained major traction after IOHK Co-founder Charles Hoskinson revealed the roadmap for Cardano’s much-awaited upgrade. More recently, IOHK successfully tested the internal Cardano “ITN Balance Check,” as well as the Byron to Shelley hard fork.
ADA, at press time, was noting a market cap of $2.14 billion with a 24-hour trading volume of $205.9 million. It was priced at $0.082 after climbing by 3.01% over the last 24-hours.
MACD: The MACD line was resting below the signal line, a sign of bearishness in the market
Chaikin Money Flow: The CMF, however, was in bullish territory as it was spiking, indicating inflow of capital into the ADA market