The cryptocurrency Cardano (ADA) achieves a strong performance thanks to its bulls. These have managed to take its price to an all-time high of $ 3.10. This increase is not based on chance. On the contrary, several elements already suggested the possibility of a rise in the growth of cryptocurrency. For example, there has been the increase in the number of smart contracts.
Cardano’s price must hold above $1.43 to remain bullish.
Cardano’s price action during the Monday session has been highly volatile. Several whipsaws have occurred, with one whipsaw occurring in conjunction with the Litecoin and Walmart fake news event. The Lagging Span (black line) on Cardano’s daily chart is the barometer to follow for identifying near-term price direction. As long as the Lagging Span has a daily close above the body of the candlesticks, then it is assumed that the trend remains bullish.
Cardano (ADA) keeps its consistency
Cardano (ADA) is one of the most trusted cryptocurrencies in the eyes of many investors. While between May and June the other cryptocurrencies recorded record declines, ADA, it remained in the uptrend . It has managed to maintain its upward trend, while following the dynamics of social platforms. On these platforms, many people, including celebrities, promoted it.
ADA supporters consider it to be one of the best substitutes for Ethereum (ETH). The fact that its prices held up between June and July helped stimulate demand for the digital asset. The bulls simply rode the trend in order to maintain the growth momentum previously set in motion.
Check : Bitcoin (BTC) Price Prediction: a sharp rise to be expected?
1 st September ADA reached a daily high of $ 2.90. A few hours later, its price increased further. However, electronic money subsequently lost value. In fact, its price came back to $ 2.5. Nonetheless, for the past 24 hours, she has maintained a profit of $ 10, while her consecutive gains over the past 7 days have been in the 20% range.
The growth of the Cardano cryptocurrency (ADA) market is driving more and more investors who have decided to fully trust this digital asset. One investor wrote on Twitter : “ADA has hit the $ 3 mark ! Market capitalization is approaching $ 100 billion. Smart contracts are on the right track, currently in the final phase of the Cardano test network. Congratulations to all investors, enjoy the trip. ”
Optimistic to the end
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Satisfied with the growth of ADA cryptocurrency, investors are multiplying actions on Twitter in support of electronic currency. Several elements lead experts to believe that crypto can gain more value. They are optimistic primarily because of the strong demand for the asset . Added to this is the fact that there is an integration of smart contracts into the blockchain.
” There it’s done. As of around 20:20 UTC today, the Cardano Testnet officially supports Plutus smart contracts. The latest tests and integrations are coming. SPOs will now upgrade their main network nodes. Then next step… upgrading the main network. Still on track for September 12th. Forward! “, We read on the official page of Cardano (ADA) on Twitter .
Also Check: Bitcoin (BTC) Price Forecast: Week ends in the red
Cardano Price Forecast: Ask the Expert
Here are many crypto experts who opine the Cardano (ADA) price forecast as very optimistic, having immense potential, and encourage investors giving glowing recommendations as below for this digital asset:-
Since its market launch in September 2017, Cardano has provided a return on investment of almost 1500%. Cardano price prediction suggests that the Cardano price is up for a long-term 75.740523% in the ADA price value with a 5-year investment. This means that in the year 2025, the Cardano price is forecasted to stand at $3.
CoinSwitch
According to a Reddit community’s Cardano price forecast, the coin may gain its glory by almost double the current price, stooping to as high as $2 by the second quarter of 2021. However, this gain shall be short-term.
Reddit Community
As per the ADA price prediction done by Wallet Investor, a long-term increase is expected; the minimum price prognosis for 2025 is $4.6. With a 5-year investment, the revenue is expected to be around +291.85%.
Wallet Investor
According to the ADA coin price prediction done by Trading Beasts, the Cardano (ADA) price is going to increase over the next few years. By the end of 2024, the average Cardano price is expected to be $2.18.
Trading Beasts
According to InvestingCube, the cryptocurrency price could be gearing towards its next big breakout. The key support and resistance levels to watch will be $1.002 and $1.68.
InvestingCube
According to the ADA coin price prediction done by Long forecast, it is stated by the end of 2025, the maximum price of Cardano will be $1.41, while the minimum price will be around $1.14. The average for the month $1.25.
Long forecast
As per the ADA price prediction done by Digital Coin Price, the price of Cardano is expected to rise all the way upto $3.97.
Digital Coin Price
According to the Cardano forecast conducted by GOV Capital, the coin would reach a maximum price of $3.89 by the end of 2025.
GOV Capital
