Cardano Mid-April Price Prediction: Will ADA Hit $0.90?
Cardano (ADA) has shown a 5.3% decline over daily charts along with 12.7% in weekly charts, 11.9% in 14-day charts, and 20.2% depreciation throughout the previous month. Since March 2024 ADA has managed to...
Cardano (ADA) has shown a 5.3% decline over daily charts along with 12.7% in weekly charts, 11.9% in 14-day charts, and 20.2% depreciation throughout the previous month. Since March 2024 ADA has managed to increase its value by 8.8% despite the major price drop. This price prediction article investigates the potential for ADA to recover to $0.90 during the period of mid-April.
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Cryptocurrencies Suffer Due To Tariffs?
The cryptocurrency market remains in a downward trend. Bitcoin (BTC) hit the $83,000 price threshold while it was previously trading at $88,000. The value of multiple assets tracks the same downward movement as Bitcoin (BTC) does. The value of global cryptocurrency market capitalization decreased by 3.3% throughout the last day to $2.77 trillion. During the past 24 hours, the crypto market lost about $487.64 million in value. ADA maintains an identical market performance trajectory to Bitcoin (BTC).
The latest market dip comes after the US announced it would place reciprocal tariffs on several countries on Apr. 2. President Trump called it “Liberation Day.” Market participants may be weary about the impact tariffs would have on the economy. Cardano (ADA) and other cryptocurrencies have taken a substantial hit.
Also Read: Solana Mid-April Price Prediction: Can SOL Reclaim $150?
Macroeconomic headwinds continue to present considerable challenges to the crypto market. The uncertainties around global trade have had a significant negative impact on ADA and other cryptocurrencies.
Price Prediction: Can Cardano Hit $0.90 By Mid-April?
According to CoinCodex, ADA could hit the $0.75 mark on Apr. 15. ADA’s price will rally by 17.19% if it hits the $0.75 target. The platform does not anticipate ADA to breach the $0.90 mark anytime before May 16.
Also Read: Gold Hits Record $3,167: How Trump’s Tariffs Are Fueling the Surge
There is also a possibility that Cardano (ADA) will continue its descent over the coming days. Macroeconomic uncertainty and global trade wars could get in the way of the asset’s potential rally.
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