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11/04/2023

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The Top 3 Cardano (ADA) Price Predictions to Watch

TL;DR ADA, Cardano’s token, has seen a 10% weekly increase, with a 23% rise in address activity and a 32% increase in whale transactions, indicating heightened interest and activity. Price projections for...

The Top 3 Cardano (ADA) Price Predictions to Watch

TL;DR

  • ADA, Cardano’s token, has seen a 10% weekly increase, with a 23% rise in address activity and a 32% increase in whale transactions, indicating heightened interest and activity.
  • Price projections for ADA vary, with one analyst suggesting a 40% rise due to transaction volume growth, while another is more optimistic, predicting a surge to almost $10 by the end of 2024.
  • The most ambitious prediction comes from a user who believes ADA could reach $30, buoyed by Cardano’s active development community and global inflation potentially driving the crypto market cap to $10 trillion within the decade.

A Slight Increase or a Rapid Spike?

Cardano’s native token – ADA – has made the headlines lately by registering a 10% price increase on a weekly basis. Besides that, address activity involving the coin has jumped by 23% in the past three weeks, while whale transactions have spiked 32% for the same period.

Currently, ADA is worth approximately $0.32 (per CoinGecko’s data), with some analysts predicting a further rally in the future. The X (Twitter) user John Morgan shared research that estimated that the asset might soar more than 40% based on the rapid surge of transaction volume involving the coin.

Another analyst, using the handle Ali, was more bullish, believing ADA has a chance to skyrocket to almost $10 by the end of 2024.

The Wild Bet

The most optimistic forecast came from the X user Lucid, who claimed Cardano had the most active development community of all other projects for October 2023. The analyst thinks that global inflation could act as a catalyst for the cryptocurrency market and push its capitalization to $10 trillion within the decade, while ADA could explode to the astonishing $30.

$ADA is going to $30!👑

Bitcoin proved to the whole world that a $1 Trillion market cap is attainable! Even Ethereum with all its issues hit $500 billion! With inflation the crypto market as a whole will be worth $10 Trillion within the decade! Cardano is going for the 100x!👻🔱

— Lucid (@LucidCiC) October 31, 2023

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ORIGINAL SOURCE

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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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