Over the past 24 hours, Cardano has increased by 0.70%, and it currently holds the #7 CoinMarketCap ranking. The live market cap of Cardano is $8,627,018,998 USD, with a circulating supply of 35,124,390,151 ADA coins and a maximum supply of 45,000,000,000 ADA coins.
These figures show that Cardano continues to make strides in the cryptocurrency market, with a current trading value of $0.245613 USD and a 24-hour trading volume of $112,352,578 USD.
The Cardano community’s rapid growth in the crypto space has generated significant attention towards ADA’s price. Despite the crypto winter, stakeholders remain optimistic that various key factors could propel the altcoin’s price up to $12.
Metric shows short-term bitcoin holders in the red with latest price decline.#Bitcoin has traded in a narrow range between $25,800 and $26,000 over the past 24 hours.
A specific market indicator reflects the digital assets subdued performance.#coinbase #Gala #Bitboy #Cardano pic.twitter.com/0qkp4IZzUv
— OX Lucky (@AdamLiu22599247) September 5, 2023
According to experts, there is a potential for ADA’s value to increase significantly, possibly reaching $12
During the previous bull market, the ADA price experienced a remarkable surge, rising from a low of $0.03 to a peak of $3.10. This impressive price action solidified the token’s status as a bull market winner, leading some investors to speculate that the coin may be on track for a similar price surge once again. A user on X (formerly Twitter) has presented some reasons for this possibility.
The user alludes to the present state of interaction and sentiment in the crypto market, which they describe as harsh. However, they believe that this trend may not persist indefinitely. According to the user, a rapid shift in interaction and sentiment could result in a significant price increase.
Bringing in “election” observers is a known Russian tactic, according to experts on the region.
We asked Gill how he could know the results were not rigged, his response: “I watched and thought through how I might cheat if I was there, and I could not find a way.” pic.twitter.com/oexcFimtZR
— The Tennessee Holler (@TheTNHoller) September 25, 2023
Analysts predict that many investors will enter the market at a price of $3 or higher, which is the coin’s previous all-time high. It is expected that the value of ADA will continue to rise and could reach anywhere from $8 to $12 by the end of the next bull market, typically in the second quarter of 2025 when cryptocurrency prices reach their highest point.
Additionally, a well-known Cardano influencer, @cardano_whale, has recently expressed a positive outlook for the digital asset, stating that the Cardano network is currently in better shape than it has ever been. They encouraged investors to think twice before being overly critical of the network as negative emotions from ADA’s price action may be clouding their judgement.
Despite less-than-stellar performance, experts project that ADA’s potential remains bullish, with some predicting that the digital asset could climb as high as $5.
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