{"id":390111,"date":"2023-03-17T10:36:26","date_gmt":"2023-03-17T10:36:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=390111"},"modified":"2023-03-17T10:57:00","modified_gmt":"2023-03-17T10:57:00","slug":"cardano-ada-price-prediction","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-ada-price-prediction","title":{"rendered":"Cardano (ADA) Price Prediction"},"content":{"rendered":"
Cardano (ADA) is a decentralized cryptocurrency platform that operates on a Proof OF Stake (<\/span>PoS<\/span><\/a>) consensus mechanism. This consensus mechanism enables users to become a validator by <\/span>staking a Coin<\/b><\/a>. Users who participate in Cardano\u2019s Staking Pool are rewarded with ADA.<\/span><\/p>\n ADA is the native coin of Cardano for blockchain transactions. Today March 17, <\/span>ADA is gaining<\/span><\/a> in the market. It has grown from the closing price of $0.3254 on March 16 to $0.3254\u00a0<\/span><\/p>\n The entire Cryptocurrency ecosystem is highly volatile. Since the Launch of Cardano, there have been lots of price actions and volatility. Cardano saw a <\/span>price spike<\/span><\/a> from $0.3480 to $0.6779 (94.80%) in early February 2021 amid significant investment interest. This was a result of Cardano’s close relationship with Ethereum.<\/span><\/p>\n ADA reached an All-Time High of $3.10 on September 2, 2021, increasing the anticipation of its Alonso hard fork to introduce new smart contract compatibility into the Cardano network.<\/span><\/p>\n ADA ended 2022 at $0.2465 and entered 2023 at that price level. It recorded some pullbacks and rallies from January 1 to 9, when it climbed to $0.317. The token maintained a steady but gradual growth in price until it hit $0.4043 on February 3.\u00a0<\/span><\/p>\n The price later dipped again until February 17, when it regained its hold on February 17. Unfortunately, ADA couldn’t sustain the rally, and by March 1, it was trading at $0.3604, kicking off a downtrend.\u00a0\u00a0<\/span><\/p>\n But last week, Cardano saw a reversal in its downward trend pushing its price to $0.35 (10%) as of today, March 17. Shortly, ADA will likely try to break through its critical resistance, which might pave the way for $0.3821 next.\u00a0<\/span><\/p>\nCardano (ADA) Past And Present Trend<\/h2>\n
Cardano (ADA) Price Prediction Based On Technical Indicators<\/h2>\n