Cardano, Monero, BAT Price Analysis: 28 July – AMBCrypto English

July 28, 2020 By admin

The digital asset industry has collectively surged by 18.34 percent over the past couple of days. The total market cap had increased from $283 billion to $335 billion, however at the time of writing it was down to $316 billion. At press time Bitcoin was being traded at $10830 with a 24-hour trading volume of 13.2 billion.

Source: CoinStats

While Bitcoin and Ethereum incurred massive gains, some of the altcoins had relatively lukewarm turnarounds over the past 24-hours.

Cardano [ADA]

Source: ADA/USD on Trading View

One of the top altcoins of the year, Cardano was surprisingly quiet during the current rally. Over the past 24-hours, the asset registered a decline of 2.03 percent. The asset had also surrendered its 6th position to Bitcoin SV as it stood at 7th with a market cap of $3.58 billion. The trading volume recouped over the past day is $685 million.

Bollinger Bands suggested a drop in volatility for the token as MACD suggested that the trend is still bullish for the crypto. However, Chaikin Money Flow or CMF indicated that capital outflows are starting to increase in comparison to capital inflows.

In a recent YouTube AMA, Charles Hoskinson revealed