Cardano is an innovative blockchain platform that empowers changemakers, innovators, and visionaries with the tools to create possibilities for all and drive positive global change.
The ADA Coin is a native token of the Cardano ecosystem and it has shown a remarkable rally with a nearly 49% increase in price over the past month. This surge came as Bitcoin surpassed the $68k mark in March 2024, creating a wave of bullish sentiment in the market.
In the last 24 hours, the ADA Coin has experienced a significant influx of trading volume, reaching nearly $2.2 billion. This surge in trading volume pushed ADA to hit a yearly high of $0.77 during the current week.
Cardano (ADA) Could Hit $1.5 in March 2024
According to CoinMarketCap data, the Cardano Coin is trading at around $0.72 with a 5.89% decline in value over the last 24 hours. The ADA Coin holds a market cap of $25.8 billion, with a trading volume of $2.18 billion in the last 24 hours.
As per our expert’s technical analysis, the ADA Coin may surpass the $1 mark by the end of March 2024. Our expert also suggested that Cardano’s ADA Coin may also touch the $1.5 milestone by the end of the year 2024. This forecast suggests a substantial ROI of about 114% from the current price of $0.73.
Moreover, making an investment of $5,000 today has the potential to double to $11,000 if OvenAdd’s price forecast for Cardano turns out accurate. OvenAdd highlights the significance of the Cardano network in enabling smart contract execution, underscoring the basis for the price forecast.
Also Read: Bitcoin (BTC) Predicted to Skyrocket Over $89,000: Find Out When
Disclaimer: The information in this article should not be considered anything as financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.
