A surprising trend is taking place in the world of cryptocurrency right now. After multiple days of major setbacks, it now appears the situation is slowly improving.
The Cardano price, for example, has suddenly increased by 7.5% over the past 24 hours. A very surprising turn of events, although a welcome sight for sore eyes. Given all of the negative momentum affected all cryptocurrency markets throughout 2018, any uptrend is considered to be an anomaly these days.
It is evident things are not heading in the direction most people would like it to, albeit the current 24-hour trend shows some signs of a short-term promise. If the Cardano price surge is any indication, the situation will undoubtedly get pretty interesting moving forward.
To put all of this into perspective, the Cardano price has increased by 7.5% over the past 24 hours. This is a pretty spectacular gain, especially because the Cardano price recently took a serious beating. Over the course of the past seven days, the Cardano price has dropped from $0.24 all the way to $0.18 and is now slowly making its way back to $0.2.
It is also interesting to note how the Cardano price is rising thanks to solid gains over Bitcoin. The ADA/BTC ratio has improved by 6.57% over the past 24 hours, which further confirms today may result in some more positive momentum moving forward. Read more from themerkle.com…
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