Popular crypto asset Cardano is a groundbreaking blockchain platform that aims to foster global change.
ADA is at 0.4820 at press time and is down 0.21% with a small change of $0.0010 in the last 24 hours. The highest price point reached by ADA in the last 24 hours was $0.4904, while the lowest price point was $0.4754. In terms of trading volume, there was significant activity with 96,608,596.70 ADA traded, equating to a total volume of $46,753,107.45 when measured in USDT.
Cardano (ADA) Price Prediction
Cardano had previously fallen below $0.45. The altcoin is currently experiencing a recovery after this decline. In the short term, the trend appears to be bearish for ADA, as evidenced by downward slopes on both the 50-day and 200-day moving averages.
Estimates show that the value of ADA may increase by approximately 5% every month until 2024, reaching approximately $0.72 by the end of 2024. In the near future, ADA is facing a resistance point around $0.6 and its price is expected to fluctuate in the range of $0.2 to $0.6.
Koinfinans.com As we reported, the Cardano blockchain recently added over 10,000 new smart contracts, marking significant growth in its ecosystem. However, the platform faces stiff competition from Layer 2 blockchain solutions. Despite these challenges, Cardano continues to focus on development, especially in areas such as infrastructure, stablecoins and wallets.
altcoin There is no prediction of a possible collapse in the near future. However, the platform faces several challenges. Cardano’s success will largely depend on its ability to innovate and gain a significant foothold in the market.
Moving forward, although short-term trends are downward, user forecasts show a potential increase in the value of ADA by 2024.