$ADA Cardano Project
Cardano is a layer-one blockchain project based on the Proof-of-Stake (PoS) model, aiming to provide a secure and sustainable platform to support smart contracts and decentralized applications (dApps). The project is distinguished by its focus on academic research and thoughtful development, and is considered one of the most prominent networks seeking to achieve comprehensive decentralization and improve scalability.
One of the most notable recent developments is the “Chang” upgrade, which strengthened the network’s governance by enabling the community to directly participate in decision-making. This move to decentralized governance further cements Cardano’s position as a leading project in the crypto space.
Current ADA Price and Performance
• Current price: The coin has seen a significant rise in recent weeks to around $0.90, its highest level since April 2022, benefiting from the general market recovery led by Bitcoin.
• Technical Analysis: ADA Although the current price is $0.87, there are important resistance levels at $0.40 and $0.45. Breaking these levels could lead to new highs, while losing support at $0.35 could cause a further decline.
Future expectations
1. 2024: ADA is expected to benefit from the network upgrade and the overall recovery in the cryptocurrency market. It may reach $1.03 levels if the positive momentum continues, with a possible drop to $0.40 in the worst case scenario.
2. Long term (2030): Forecasts indicate that the currency may reach levels of $5 - $10 or higher based on project developments and adoption of Cardano technologies.
Why hasn't it gone up significantly yet?
Despite technical advances, ADA suffers from:
• Regulatory issues related to their classification as securities by the US Securities and Exchange Commission (SEC).
• Low liquidity and low activity on the network compared to competitors such as Ethereum.
Is ADA a good investment now?
Cardano is an attractive long-term investment due to its focus on innovation and sustainable solutions, but you should be wary of short-term volatility. Keeping a close eye on technical and regulatory news is key to making smart investment decisions.
