24,500 Voters: Cardano Back Above $1 This Month
The cardano (ADA) rate did very well yesterday! Does the crypto community expect ADA to be able to maintain this momentum in June? From a poll by CoinMarketCap shows that there is no shortage of positivity. Cardano overtakes XRP...
The cardano (ADA) rate did very well yesterday! Does the crypto community expect ADA to be able to maintain this momentum in June? From a poll by CoinMarketCap shows that there is no shortage of positivity.
Cardano overtakes XRP again
It will not have escaped your notice that cardano has been hit hard in recent months. The all-time high ADA price was $3.10 last September. There is now very little of that left. The price is trading no less than 80% below this price record.
However, ADA has been able to rise sharply in recent days. At the time of writing, cardano’s price is $0.61. This means that the crypto has been in the green for almost 20% over the past 7 days. This makes it the third fastest-growing cryptocurrency and also climbs back to the sixth place on the list of largest cryptocurrencies after it managed to catch up with ripple (XRP).
Read Cardano’s Premium analysis published yesterday here.
24,500 voters: ADA price to $1.06
So ADA is doing well, and the optimism is very noticeable within the community. A poll on CoinMarketCap, in which about 24,500 people have participated so far, shows that an average price of $1.06 is expected by the end of June. That would mean an increase of 73%.
It is doubtful whether you can draw any conclusions from this. CoinMarketCap also keeps track of how accurate these voters’ price expectations are. For example, they expected cardano to end April at a price of $1.45 while the actual price came in at $0.75. Also in May, a price above $1 was expected where the actual price came in at $0.62.
As with almost all price expectations, take it with a grain of salt. Do your own research and draw your conclusions from it. Need help? Come take a look at our Crypto Insiders Premium surroundings! Here you chat with our closed community, ask questions to analysts and receive interesting (price) updates on various cryptocurrencies every day. Come and have a look for free for the first 30 days.
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