Cardano (ADA) is still one of the top DeFi projects despite a fall in ADA’s price.
A number of top altcoins are consolidating as the market prepares for a rally. However, among the top projects that experts believe will make huge profits is Cardano. Let's examine the factors that make Cardano's native token the best altcoin to invest in right now.
Price Predictions for Cardano: Will ADA Continue its Bearish Trajectory in February?
As the market has gone red, the Cardano ecosystem has released a number of new announcements. The latest of these is Cardano Node v8.7.3, which, on January 8, fixed minor bugs in the Ouroboros Network. Version 1.8.1 of Cardano’s Lace Wallet was also made available on January 8.
Since this announcement, ADA’s value has decreased. The price of the ADA coin dropped 5.90% after the news, from $0.54 on January 8 to $0.50 on February 6. Despite this, Cardano experts are optimistic about ADA’s future and predict it will reach $0.11 by March. This is because they think that ADA’s value will increase as Cardano Node v8.7.3 gains traction
Conversely, some other Cardano experts have taken a pessimistic view in their price predictions. This pessimism has arisen as a result of the price of ADA currently trending down. As a result, they project that by April, ADA will drop to $0.02.
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