<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The first month of summer cannot be considered outstanding based on the green bars of the crypto asset price charts. At the end of June, the market capitalization of the entire digital asset market fell by more than 8%, or almost $200 billion.&nbsp;
What July has in store for cryptocurrency enthusiasts is impossible to predict. However, price history can give us some clues.&nbsp;
For example, for&nbsp;<a href="https://u.today/cardano-founder-voices-concerns-about-ai-censorship">ADA</a>, the native token of the Cardano blockchain, the price history presented by&nbsp;<a href="https://cryptorank.io/price/cardano">CryptoRank</a> predicts growth rather than decline. For example, according to the data, the average return on investment in Cardano tokens in July is 9%, and the median is a slightly more modest but still positive 2.93%.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="5ac823dc-f707-4e58-a25b-90c190471263" src="https://u.today/sites/default/files/inline-images/adaprice_0.png">ADA to USD by <a href="https://coinmarketcap.com/currencies/cardano/">CoinMarketCap</a>
Historical trends have been on the side of&nbsp;<a href="https://u.today/cardano-ada-skyrockets-27-in-key-metric-to-become-market-outlier">Cardano (ADA)</a> since 2018 itself. Back then, the ADA token recorded a gain of almost 3% in July. Moreover, and to date, ADA has only twice failed to close the second month of summer in the black.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="3bddc7f2-d1df-4fe5-8864-5980ab954dea" src="https://u.today/sites/default/files/inline-images/dffcc7ca4c1b129d9b9911e2.png">Cardano Price History by <a href="https://cryptorank.io/price/cardano">CryptoRank</a>
Clearly, one cannot take anything for granted in the crypto space. However, price history can provide some guidance for such a chaotic market. With each passing month, the statistical sample for&nbsp;<a href="https://u.today/cardano-founder-shuts-down-critics-in-major-clarification-update">Cardano</a> has become more extensive, meaning that predictions based on historical trends are closer to the truth.
Currently, the popular cryptocurrency is quoted at $0.4 per token. Let the bullish price history trends for ADA materialize, and maybe by the end of the month, we will see Cardano tokens at least at $0.44.

Cardano Bulls May Get Chance in July

U_Today

Other articles published on Jul 1, 2024

Crypto hacks down by 54.2% in June, $176M lost in a month

$DOGE 2024 Outlook: Price Predictions and Emerging Coins

Vitalik Buterin Suggest New Solutions for Faster Transaction Speeds on Ethereum

Behind the Dip: Data Reveals How $642K Sale Plummeted TRUMP Token

Bitcoin Miners Reduce Sales to Exchanges

BingX Elevates the Partnership with Chelsea FC as its Men’s Official Training Wear Partner

Join our free newsletter for daily crypto updates!