Cardano price has already risen 50 percent in the four weeks and Ali Chart believes ADA could reach 75 cents by the end of the year if the popular altcoin breaks through 45 cents by the first week of December.
The Cardano network has attracted institutional money as seen by its rising total value locked fueled by the high optimism of the Hydra Head scalability on the mainnet without initiating a hard fork.
After consolidating for more than 434 days, the Cardano (ADA) price is more than ready to break out for a fresh macro bull run. The popular altcoin that is backed by the IOHK Group, EMURGO, and the Cardano Foundation has attracted notable high-quality web3 investors seeking to amplify its decentralized finance (DeFi) ecosystem.
Moreover, the total amount of staked ADA in the past year has risen exponentially to about 669 million as of this report. Additionally, the Cardano mainnet development activity has grown steadily with the funding of web3 developers by the core technical team.

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