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Cardano Ecosystem

Watcher Guru

10/24/2024

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Cardano (ADA) October End Price Prediction

Cardano (ADA) is trading around the $0.34 level on Thursday, down nearly 4% in the day’s trade. The leading altcoin has had a rough year as its price massively dwindled in the last 10 months. It started the...

Cardano (ADA) October End Price Prediction

Cardano (ADA) is trading around the $0.34 level on Thursday, down nearly 4% in the day’s trade. The leading altcoin has had a rough year as its price massively dwindled in the last 10 months. It started the year at $0.60 and slumped close to 45% year-to-date. The development is testing investors’ patience as several other obscure tokens outperform the top 10 cryptocurrencies in the market.

Also Read: Cryptocurrency: Top 3 Coins That May Hit All Time Highs In November

Source: Coingecko

So, will Cardano dust itself from the fall and scale up in the charts by the end of October 2024? This article will highlight how high or low ADA could reach in the charts next week.

Also Read: Morgan Stanley (MS) Stock Nears All-Time High: Can It Go Much Higher?

Cardano Price Prediction: Time to Buy ADA?

Cardano ADA
Source – R7

Leading on-chain metrics and price prediction firm Changelly has painted a sluggish forecast for Cardano’s native token ADA. According to the price prediction, the maximum ADA could rise by the end of October to $0.36 if the altcoin picks up steam and heads north in the next seven days. If it fails to rally, the price could remain at $0.34 with little to no changes.

Also Read: Russia’s Push: Precious Metals to Lead De-Dollarization Effort

Source: Changelly

Cardano’s ADA is among the least-performing cryptocurrencies in the market this year. Despite Bitcoin reaching the $67,000 mark in the indices, it has failed to attract buying pressure. The Cardano blockchain has also launched several upgrades, but the developments barely positively affected its price.

Also Read: Multipolar Currency Era Looms As Russia, China Challenge The US Dollar

This puts the cryptocurrency on the ‘no buy’ list as earning profits becomes challenging. Apart from ADA, many other cryptocurrencies are primed to deliver decent returns in November. Read here to learn how high Shiba Inu (SHIB) could go in the charts next month.

In addition, Binance Coin (BNB) is also expected to surge in the indices this Halloween. Read here to know how high BNB can spike in the charts. While other tokens are primed to print profits, it is advised to stay away from Cardano’s ADA currently.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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