The native cryptocurrency of the "third-generation blockchain" Cardano, ADA, is currently navigating through a complex market situation. After experiencing a brief price increase at the beginning of the month from $0.45 to $0.46, ADA has corrected and is hovering around the $0.45 mark.

Such a pattern of rapid growth followed by a decline reflects the enduring volatility and investor uncertainty surrounding the cryptocurrency. Despite the rise in the number of active addresses, signaling a resurgence of interest in the platform, the overall market sentiment remains subdued.

Forecasts from artificial intelligence sources, such as CoinCodex, remain relatively optimistic. It is anticipated that by May 31, 2024, the price of ADA will increase by 2.06%, reaching approximately $0.4613. This short-term forecast suggests that despite current market challenges, we may witness moderate upward movement in the coming weeks.

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