The first month of summer cannot be considered exceptional judging by the green bars on the crypto asset price charts. By the end of June, the market capitalization of the entire digital asset market fell by more than 8%, or almost $200 billion.
The first month of summer cannot be considered exceptional judging by the green bars on the crypto asset price charts. By the end of June, the market capitalization of the entire digital asset market fell by more than 8%, or almost $200 billion.
What July holds for cryptocurrency enthusiasts is impossible to predict. However, price history can give us some clues.
Alex DovbnyaFor example, for ADA, the native token of the Cardano blockchain, the price history presented by Crypto classification It 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%.
Historical trends have been on the side of Cardano (ADA) since 2018 itself. Back then, the ADA token recorded a gain of almost 3% in July. Furthermore, and to date, ADA has only failed twice to close the second month of summer with positive numbers.
Clearly, nothing can be taken for granted in the crypto space. However, price history can provide some guidance for such a chaotic market. With each passing month, Cardano’s statistical sample has become larger, meaning predictions based on historical trends are getting closer to the truth.
Tomiwabold OlajideCurrently, the popular cryptocurrency is trading at $0.4 per token. If the bullish trends of ADA price history materialize, perhaps by the end of the month we will see Cardano tokens at least $0.44.
