{"id":387527,"date":"2023-04-22T08:22:35","date_gmt":"2023-04-22T08:22:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=387527"},"modified":"2023-04-22T11:35:42","modified_gmt":"2023-04-22T11:35:42","slug":"ada-price-prediction-cardano-is-down-3-66-can-ada-rebound-on-key-support-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ada-price-prediction-cardano-is-down-3-66-can-ada-rebound-on-key-support-level","title":{"rendered":"ADA Price Prediction – Cardano is Down 3.66%. Can ADA Rebound on Key Support Level?"},"content":{"rendered":"

Cardano (ADA) has showed impressive growth in the past quarter, building on a strong performance and signaling continued expansion. <\/span><\/p>\n

The seventh-largest cryptocurrency by market capitalization closed above a key psychological resistance zone last week, which may further strengthen bullish sentiment for the rest of the year. <\/span><\/p>\n

Cardano’s (ADA) Ecosystem Growth and TVL Surge Drive Impressive Recovery and Momentum in Q1 2023<\/span><\/h2>\n

ADA has risen over 70% since hitting a low of $0.25 in December 2022, making it one of the top gainers among the top 10 coins by market cap this year.<\/span><\/p>\n

While the overall improvement in crypto market sentiment has contributed to Cardano’s impressive recovery, the network’s ecosystem has also experienced significant growth, making it increasingly appealing to large investors. <\/span><\/p>\n

This activity surge will probably continue driving Cardano’s momentum in the coming months. A recent report by crypto research firm Messari shows that the increase in Cardano’s market capitalization can be attributed to the significant rise in its Total Value Locked (TVL), which surged 172% from the previous quarter’s $138.3 million. <\/span><\/p>\n

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@MinswapDEX<\/a> on the 1st place? by number of transactions in last #Cardano<\/a> epoch with 61.6k in front of @jpgstoreNFT<\/a> with 51.9k and @liqwidfinance<\/a> with 33.5k trx. More #CardanoADA<\/a> #dapps<\/a> stats on:
https:\/\/t.co\/Z6Cksro0cA<\/a> pic.twitter.com\/DHRMAFce7G<\/a><\/p>\n

— Dapps On Cardano (@dappsoncardano) April 17, 2023<\/a><\/p><\/blockquote>\n