The global crypto market waves red with the majority of the coins moving down.
Cardano (ADA) seems to be further going down from its current price of $0.5529.
In the meantime, COTI (COTI), Cardano’s algorithmic stablecoin, is expected to surge, as predicted by crypto analyst and Crypto Capital Venture Founder, Dan Gambardello.
He noted that ADA has seen a dip over the last 6 months which means that Cardano could be primed to set a higher low to bounce off of.
At the moment, he also noted that the momentum oscillator indicator of ADA is at its lowest it’s ever been, and this would be the perfect time for ADA to bounce.
This report’s information was first seen on Coinquora; to read more, click this link.