Cryptocurrency

Cardano (ADA), EOS (EOS), Bitcoin (BTC) Market Sentiment Analysis: Sunny Days Ahead?

Cardano (ADA), EOS (EOS), Bitcoin (BTC) Market Sentiment Analysis: Sunny Days Ahead?

SACRAMENTO, Calif. – Most digital currencies might be affected by bear market sentiments.  Yet, this report, which includes a Bitcoin (BTC) market sentiment analysis, presents virtual currencies like Cardano (ADA) and EOS (EOS) stemming the tide and gaining more support in the process.

1) Cardano (ADA)

After being listed in the largest cryptocurrency exchange, Huobi, Cardano’s (ADA) trading price has been surging.  The Huobi cryptocurrency exchange has listed over 200 digital assets and has helped their trading volumes climb higher. Deposits for Cardano (ADA) have started today, earlier than the scheduled date which is tomorrow.

Currently trading at $0.260551, the trading price of Cardano (ADA) is up 8.19% in the last 24 hours.  Facing resistance south of $0.25, this cyber-currency was able to fight the current and improve significantly while moving northward. Apparently, Cardano’s (ADA) listing with Huobi is expected to help its trading price gain an upswing.

2) EOS (EOS)

With over 40% rise in trading value during the previous week, EOS (EOS) is one of the massive gainers in the cyber-currency market. However, the eosDAC airdrop has impacted its trading price, correcting to a lower $8 level at the onset of the week.

With a trading price of $8.72 at the time of writing, the sellers have pushed for an equilibrium against the latest surge. More buyers would help prevent this virtual currency’s trading price from declining below $7.95.

3) Bitcoin (BTC

Trading at $8,009.65 at the time of writing, a struggle between the bull market and bear market has pressured Bitcoin (BTC) to stay north of the $8,000 level.  Growing selling pressure with the bear market seeking equilibrium has severely affected the Bitcoin market sentiment analysis, sharply rising from $6,800 to $7,800 in less than an hour. Alternatively, the bull market has incessantly worked toward pushing the cryptocurrency’s price north of $8,000.

The bear market territory may have been a significant influence toward the prevailing downbeat market sentiments.  Yet, this Cardano (ADA), EOS (EOS), and the Bitcoin (BTC) market sentiment analysis shows that the bull market will continue to uphold cryptocurrency prices through growth-stimulating activities like enlisting in massive exchanges as well as more support.

About the author

Bradley Johnson

Bradley Johnson

Brad is a 32-year-old Entrepreneur and is passionate about Digital Marketing and Cryptocurrencies. He first started out as a content writer and then ventured into Internet Marketing. Bradley also works as a crypto investment advisor.

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