In an environment mostly characterized by crypto market optimism, Cardano (ADA) has been on a downward trend recently. The price has dropped nearly 20% in the last month and currently sits below $1.
Investors are cautious in the short-term, with some analysts predicting a neutral-to-bearish outlook. This bearish sentiment is fueled by a decrease in whale and DeFi activity, putting pressure on ADA’s price support.
However, the Cardano community remains optimistic for the long term. They believe the growth of the network’s internal activity will eventually translate to price increases.
Additionally, Cardano is actively seeking partnerships and collaborations to boost its popularity. Recent examples include discussions with U.S. states regarding blockchain-based voting systems.
Forecasting ADA’s potential trajectory
In an effort to gauge ADA’s potential trajectory by the end of April, Finbold sought insights from artificial intelligence (AI) – driven predictive ma
We współpracy z: https://finbold.com/machine-learning-algorithm-sets-cardano-price-for-april-30-2024/
