If History Repeats, Cardano (ADA) Price Will Reach ATH Very Soon, Here’s Why

cardano priceCardano’s native cryptocurrency, ADA, has witnessed price fluctuations in the past few days. However, ADA has increased by more than 50% since the start of 2023 and is presently trading at $0.38....

Cardano’s native cryptocurrency, ADA, has witnessed price fluctuations in the past few days. However, ADA has increased by more than 50% since the start of 2023 and is presently trading at $0.38. Strong resistance has been seen at $0.40 levels for the price. cardano cardano Blockchain Network is gearing up for the next big upgrade known as Voltaire. Of course, the crucial question is whether the Voltaire update will truly affect Cardano’s pricing.

The ongoing growth of the blockchain.com blockchain.com Crypto trading and Information is one item that has been consistently connected to Cardano. The Voltaire upgrade, the next step in Cardano’s roadmap, is slated to happen later this year. Cardano now intends to create a completely decentralized blockchain with Voltaire. As a result, the blockchain will no longer be dependent on Input Output Global (IOG), the creator of Cardano, like other proof of-stake networks.

Also read: Cardano Massive Upswing On Horizon – ADA Price To Surge Above $0.75 In Coming Weeks

The price of ADA has consistently increased over time whenever there has been a new Cardano development. The price of ADA had increased to a new all-time high of $3.10 in the case of the Alonzo Upgrade, which enabled the blockchain to support smart contracts.

ADA is set up for a rally towards $0.5 if the bulls prevail and if history repeats. If the digital asset falls below $0.35, that would spark a rapid decline to $0.3, which would be the lowest point since $0.3.

Since the blockchain’s major development conference in Scotland in November of last year, the “Age of Voltaire” has been hinted at, and new Voltaire-related events are still happening this year. For instance, a unique Voltaire workshop on community-driven government was held from February 28 to March 1. And on March 24, IOHK provided more information about what Voltaire will contain.

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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