Cardano (ADA) Price Has Been Stable Over the Past 24-hours

Over the last 24-hours, Cardano’s (ADA) price has steadily remained stable while the entire crypto market has also experienced mixed results altogether. 

Moreover, adding more to the matter, Cardano also became extremely stuck in price in the past few weeks. But at the moment, ADA is finally showing a decent sign indicating that it is ready to flourish again.

Currently, ADA is trading at a decent price of $2.20 with a threshold value of $72,210,754,165 at the time of writing. It is also having a 24-hour trading volume of $2,448,319,198, according to CoinGecko. Despite its current performance, this satista still makes Cardano the 4th largest cryptocurrency.

Going back to Cardano’s performance last week, the report mentioned that ADA might break out in all directions because of what it’s currently reflecting. For the greater good, the crypto community should expect about $2.5 resistance and $2.0 support in the coming days.

Commenting on the matter, BitBoyCrypto.com CEO Ben Armstrong expressed his view. He strongly believes that the ADA price cycle is the most parabolic he has ever come across. In this essence, Armstrong predicted that people should expect the ADA price at $15 to $20  before this year ends.

Additionally, the Cardano ecosystem is also busy these days to roll out a wide range of projects in the DeFi space. The Cardano blockchain has also begun supporting NFTs, enabling users to mint and trade NFTs without worrying about smart contract addresses.