Cardano Price Bounces Off $0.204, DigiTap Presale Approaches Scarcity

Cardano's price has been trading around $0.21 after bouncing from the $0.204 area, which puts the $0.23 region back in the conversation for its price prediction.

The token traded above $0.23 earlier this week before a broader market pullback, so a recovery toward that zone would be a retest of recently traded territory rather than a distant breakout.

Cardano's development team continues to work on the network's fundamentals, with the latest development report highlighting lower CPU usage in node v11.1.0 testing and continued Hydra work.

DigiTap, another cryptocurrency, is trading at $0.0589 in Round 4 of its presale, which is approaching scarcity from a different angle than Cardano's price prediction.

The beta financial app from DigiTap is already available for download, combining wallet and card utility with token rewards and independently audited smart contracts.