<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

Otros artículos publicados el 1 jul 2024

Breaking: US Govt Moves $12M Ethereum, Is Bitcoin-Style Selloff Incoming?

Shiba Inu Executive Reveals Where The Power Of SHIB Lies

Satoshi-Era Ethereum Whale Wakes up With $24 Million Transfer

Public Company Kronos Taps into Growing Crypto Payments Trend with Shiba Inu (SHIB) Adoption

Analyst Predicts Ethereum ETF Launch In Early July

Binance Warns Delisting 11 Tokens, Price Drop Looming Ahead?

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!