Cardano, introduced in 2017, drew inspiration from the contributions of the Italian polymath Gerolamo Cardano. In August 2021, Charles Hoskinson, the founder of Cardano, revealed details about the Alonzo hard fork, which led to a significant 116% surge in ADA’s price the following month.
Similarly, the introduction of the Vasil hard fork was highly anticipated by the Cardano team. Despite encountering some challenges, the project was successful.
As of January, Cardano’s price had reached $0.53. However, recent data indicates a slight drop in ADA’s value over the past 24 hours. Considering the positive trend in the broader cryptocurrency market, we offer a neutral weekly price prediction.
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ADA Weekly Price Prediction
Various factors, including market conditions, price action, developments, supply, and use cases, will influence whether ADA experiences a price change this week.
Drawing insights from ADA’s performance earlier in 2024, cryptocurrency experts at Changelly predict Cardano’s price during the week. They anticipate a potential price range with a minimum of $0.490 and a maximum of $0.576 within this timeframe. Additionally, experts expect ADA to trade at an average price ranging between $0.527 and $0.544 over the week.
Also read: Why Bitcoin is Dumping After Spot ETF Approval?
According to the latest CoinGecko data, Cardano is trading at $0.5364, reflecting a slight 0.1% decrease in value over the last 24 hours.
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