ADA Price Prediction: Are We In A Bear Market?

ADA has retraced in the market today, mirroring the general retreat of the crypto market. Notably, market leaders such as Bitcoin and Ethereum are also dropping gains.

 However, Cardano’s trading volume is up by 48.05%. This increase indicates an active interest from traders in varying positions. ADA is consolidating on its gains thus far in 2023, moving from $0.2498 on January 1 to $0.39 on January 29. 

Cardano jumped to the $0.40 price level by February 17, with market volatility moving it back to $0.3 in March. However, it reclaimed the $0.4 price level on April 11 and has remained above it.

Cardano (ADA) Price Action With Technical Indicators 

ADA is in a downtrend today, forming a bearish engulfing pattern on the daily chart. This pattern signals further price decrease when it appears on a trading chart. Also, the Relative Strength Index (RSI) is 57.23 in the neutral zone. However, the indicator is still dropping, highlighting the current trend on the chart.

ADA is still trading above its 50-day and 200-day Simple Moving Averages (SMA), a bullish sentiment. It implies that the downtrend might be a temporary correction. ADA’s Moving Average Convergence/Divergence (MACD) is above the signal line but moving down, showing bearish pressure. Also, the green histogram bars are fading away, a trend reversal signal. 

ADA will likely record a further price decrease in the coming days. However, the bearish trend is temporary. Expect a recovery once the bulls rally again.

Recent News And Trends On The Cardano Network

ADA Releases First-Ever Annual Report

The Cardano Foundation launched its first-ever annual report on April 18, 2023. Cardano is now a recognized developmental hub for coders and developers to build on. This announcement helped Cardano to 10% before it corrected to a downtrend today.

Also, ADA’s price could be influenced by factors such as global inflation rates, wars, supply and demand, and investor sentiment. 

ADA Short-Term and Long-Term Price Prediction By Experts

Experts have compiled price predictions for Cardano based on technical and fundamental analysis.

Coinpedia ADA Price Prediction 

In 2023, Coinpedia tipped ADA to trade at a maximum price of $0.716, a minimum of $0.472, and an average price of $0.554. Also, in 2025 they predict ADA will reach $1 with a minimum of $0.924, an average price of $1.063, and a maximum of $1.267.

By 2030, Coinpedia tips ADA to reach a maximum price of $4.10, a minimum of $2.99, and an average price of $3.52. 

Changelly ADA Price Prediction

Changelly believes ADA will trade a maximum price of $0.559944, a minimum of $0.459954, and an average of $0.479952 in 2023. 2025 looks positive for the token. They believe it will hit a maximum of $1.15, a minimum of $0.929907, and its average price level is $0.959904.

By 2030, ADA will move to $7.01, a bullish prediction as its maximum price and a minimum of $6.00. Also, the estimated average price for ADA is $6.17.

Cardano Price Prediction

CryptoNewsZ, tip ADA to attain a maximum price of $0.80, a minimum of $0.33, and an average price of $0.56 within 2023. By 2025, they tip ADA to break above the $1 mark and reach a maximum of $1.32, an average expected price is $1.09, and a minimum price of $0.86. In 2030, ADA has an expected maximum price of $3.96, a minimum of $2.59, and an average expected price of $3.28. 

ADA Alternatives

As the crypto market declines today, take advantage of these altcoin presales for rewards.

Ecoterra (ECOTERRA)

Ecoterra is a platform that prioritizes a clean and safe environment using smart recycling methods for waste products. The Recycle-to-earn initiative will reward users for keeping their environment clean through recycling.

There are plans to release a mobile app to monitor recycling activities in 2023. The app appropriates values to items recycled with a ranking system based on environmental impact.

The native token, ECOTERRA, is currently on presale and powers all transactions in the ecosystem alongside governance. Users get access to these tokens by purchasing carbon credits for eco-friendly activities. 

Notably, the ECOTERRA tokens also serve various purposes within the community, such as personal investment, the save-a-beach initiative, and staking. Ecoterra platform owns and operates a Carbon Offset Marketplace where carbon credits are sold to users to offset carbon emissions and create a healthy.

The marketplace also uses a reward-based system centered on achievements. These milestones are stored for reference and converted into NFTs to immortalize a user’s environmental contributions.  

Each ECOTERRA token is worth $0.0055, and the next presale stage is coming up in a few days. The next stage will see a price increase to $0.00625 per token. Eventually, these tokens will list at $0.01 and yield returns for early investors.

DeeLance (DLANCE)

DeeLance is the first blockchain-powered job marketplace connecting employers and freelancers. The freelancer sector has grown over the years, with remote work now viewed as a modern innovation yielding positive results. Previously, it was a challenge connecting freelancers to genuine job opportunities as popular sites are over-populated.

However, DeeLance is the middleman that solves this problem creating a reliable framework for freelancer and employee relations. DeeLance uses escrow protection for payment as one of its tools to ensure that user rights are protected and discourage fraudulent acts. Also, it has added benefits like low charges for freelancers and employers and no minimum withdrawal threshold.

DLANCE its token is on presale and creating a buzz in crypto circles. 1 DLANCE token is currently worth $0.02. However, the price will adjust to $0.053 once it lists on exchanges. Recently, the DeeLance community decided to extend the presale further for seven days; therefore, investors must act fast to benefit from one of the best presales in 2023.