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Timestabloid

03/11/2024

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Machine Learning Model Predicts Cardano (ADA) Price for March 31, 2024

Cardano (ADA) has emerged as one of the leading prospects for the year through its remarkable actions over the past few weeks.  Consequently, ADA has attracted considerable attention from upcoming and already well-established investors who have kept a close tab on its day-to-day market trends. Read Also: Projected Timelines For Cardano (ADA) To Surpass $3, […]

Machine Learning Model Predicts Cardano (ADA) Price for March 31, 2024

Cardano (ADA) has emerged as one of the leading prospects for the year through its remarkable actions over the past few weeks. 

Consequently, ADA has attracted considerable attention from upcoming and already well-established investors who have kept a close tab on its day-to-day market trends.

Read Also: Projected Timelines For Cardano (ADA) To Surpass $3, $10, and $160

How do you envisage Cardano’s (ADA) selling price by the end of this month? Find out from this piece as we reveal insights from a machine-learning-driven technology employed at PricePredictions, a leading crypto assets analytical platform. 

It is worth noting that Cardano (ADA) is changing hands at approximately $0.71, having declined by about 3.08% in the past 24 hours, according to Coincodex. 

Cardano (ADA) Price Prediction For March 31

According to PricePredictions’ chart on Cardano (ADA) price trajectory, the digital asset will maintain a steadily increasing expansion pattern to hit an estimated $0.78 level by March 31, 2024. 

Based on Cardano’s current price as mentioned earlier, the coin will likely spike by roughly 9.86% by March 31 if the price projection happens as predicted.

Machine Learning Model Predicts Cardano (ADA) Price for March 31, 2024
Source: PricePredictions

Cardano (ADA) in the Market

Looking at other Cardano (ADA) market printings on Coincodex, we stumbled across several indices that hinted at a prosperous future price trajectory for the crypto asset. 

Per data from the crypto asset price tracking site, ADA has surged by approximately 132% in the past year. Also, the exciting protocol is trading above the 200-day simple moving average (200-day SMA), which invariably implies a bullish signal, stemming from the fact that the coin’s value has increased steadily over the past 200 days.

Other significant indicators suggesting a bright Cardano (ADA) future include concluding 19 out of the previous 30 trading days in profit. In addition, the coin boasts high liquidity because of its $24.11 billion market capitalization.

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Read Also: Terra Classic (LUNC) Price Set for July 31 by Machine Learning Algorithm

Changelly’s Prediction

In one of our recent publications, we reported Changelly’s expectations for Cardano (ADA) for 2024. According to the trading platform, which also doubles as a price prediction firm, ADA will conclude March and April in profits, trading around the $0.82 region. 

Stressing further, Changelly noted that subsequent months would not be profitable for ADA as it would encounter significant losses, which would see it trade around $0.46 by the end of 2024.

How events play out remains to be seen. However, we can all agree that both platforms highlighted in this insight seem to come up with similar Cardano price projections for March 31.


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Chinedu Agbakwusi

Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

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