According to U.Today, the crypto asset market experienced a decline in June, with the market capitalization of the entire digital asset market falling by more than 8%, or almost $200 billion. Predicting what July holds for cryptocurrency enthusiasts is challenging, but price history may provide some insights.
For ADA, the native token of the Cardano blockchain, the price history suggests potential growth. Data indicates that the average return on investment in Cardano tokens in July is 9%, and the median is a slightly more modest but still positive 2.93%. Historical trends have favored Cardano (ADA) since 2018. In July of that year, the ADA token recorded a gain of almost 3%. To date, ADA has only twice failed to close the second month of summer in the black.
While nothing is guaranteed in the crypto space, price history can offer some guidance in this volatile market. As each month passes, the statistical sample for Cardano becomes more extensive, meaning that predictions based on historical trends are more accurate. Currently, the popular cryptocurrency is quoted at $0.4 per token. If the bullish price history trends for ADA materialize, we may see Cardano tokens at least at $0.44 by the end of the month.