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What is the right price to buy Cardano? The eminent analyst answers

چه قیمتی برای خرید کاردانو مناسب است؟ تحلیلگر مطرح پاسخ می‌دهد

One of the prominent analysts of the digital currency market has recently announced on his Twitter the best price range for buying Cardano in the current situation.

To Report Finbold, after the implementation of Vasil’s long-awaited update on the Cardano network, cryptocurrency market traders have been monitoring the token’s price movements in order to identify suitable buying opportunities by anticipating trend changes in the near future.

Michael van de Poppe, one of the prominent analysts of the digital currency market, says that when the price enters the area between $0.30 and $0.375, a good opportunity to buy Cardano is provided.

Referring to the Cardano price chart, he wrote on his Twitter:

The market seems to be piling up (buying) Cardano. The final buy zone will be $0.30 to $0.375.

What is the right price to buy Cardano?  The eminent analyst answers
Cardano price chart; Van Depop’s analysis of the 3-day view of the “Cardano/Teter” market.

While pointing out that Cardano’s exit from the current downward trend can be a trigger for the start of the upward trend, Van Depop added:

Will we continue to see this happen (enter the $0.30-$0.375 area) and are people already hoarding Cardano? In this case, the breaking of the downward trend will be the driving force for the upward movement of the price.

Although data from the LunarCrush platform shows an increase in user interest in Cardano on the eve of the Vasil update, the price of this digital currency has not registered a significant jump during this period.

Cardano is currently trading at around $0.44 and has lost 2.45% of its value in the last 24 hours. During the last seven days, the price has increased by 2.07%.

According to Input Output, Cardano’s blockchain developer group, the purpose of the update is to improve the performance of this network’s smart contracts, add the ability to exchange information on-chain, and introduce other features for the application of this blockchain.

It should be noted that in August, the number of Cardano-based smart contracts exceeded 3,000, and between mid-July and mid-August, 5 new Plutus scripts were launched daily. Plutus is a software framework that has added the ability to support smart contracts to the Cardano blockchain.

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