Artificial intelligence determined the price of Cardano on April 30
Over the past month, the price of the Cardano (ADA) cryptocurrency has fallen by almost 20% and is currently below the $1 level around $0.6.
In this regard, some analysts predict a neutral or bearish trend in the token market. This bearish sentiment is fueled by decreased activity among crypto whales and DeFi projects, which puts negative pressure on the price of ADA.
However, the Cardano community remains optimistic in the long term, believing that increased network activity will eventually lead to higher prices.
Forecasting the Potential Price Vector for ADA In an attempt to estimate the price prospects for ADA by the end of April, CoinCodex machine learning algorithms were tasked with predicting the price for the 30th. Currently, the forecasting model indicates a moderate increase to $0.627.
Cardano price forecast for 1 month. Source: CoinCodex
This represents a potential upside of 3.12% from the current price of $0.608. Despite a slight decline of 1.7% on the day, ADA is still up 2.9% over the past week.
