TL;DR
ADA has seen a substantial rise, reaching over $0.31, with predictions from analysts like John Morgan suggesting a possible 40% increase due to surging transaction volumes.
More optimistic forecasts, such as from Lucid, project ADA could reach $30 amid global inflation driving the cryptocurrency market cap to $10 trillion over the next decade, highlighting Cardano’s active development community.
ADA’s recent spike may be attributed to the general bullish crypto market trend and Cardano’s wallet Nami integration into the IOG ecosystem.
How High Can ADA Go?
Cardano’s native token – ADA – has been on a significant uptrend lately and one of the best-performing crypto assets for the past 24 hours. Its valuation surpassed $0.31 (per CoinGecko’s data), representing the highest level since the end of July.
Some analysts believe the asset could chart additional gains in the near future, with the X (Twitter) user John Morgan being one of them. They shared research that est
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