Cardano stands out as one of the most remarkable assets in the cryptocurrency market. However, the fact that it traded at a low level for a long period of time and remained below the $1 level since April 2022 has many investors and experts worried. The $1 level became an important resistance in this process.
Cardano exceeding the $1 level is considered an important milestone for the altcoin. However, reaching and holding this level may vary depending on many factors. These factors include factors such as Cardano’s own technological advancements, community support, the state of the overall crypto market, and of course Bitcoin’s performance.
Recently, Dan Gambardello, founder of Crypto Capital Venture, one of Cardano’s biggest supporters, also discussed the timing of ADA reaching the $1 level. started. According to Gambardello, it may not be possible for Cardano to reach this critical level before the next Bitcoin halving event, which is expected to take place in April. The main reason for this view is that Cardano is tightly correlated with Bitcoin.
What Does Artificial Intelligence Think About the ADA?
When Google Bard was asked what the ADA price would be after the Bitcoin halving event, the AI suggested an optimistic target of $1.15 to $3, a medium target of $0.75 to $1.25, and a further target of $0.5 to $0.75. offered a moderate goal.
ChatGPT is more ambitious: this chatbot also believes that Cardano could rise to $5 to $7 after the halving, with a modest target of $1.5 to $2.
You can follow the current price movement here.
Source : the crypto basic