Massive Cardano (ADA) Price Prediction to $30: Is it too Outrageous?

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ADA has seen a substantial rise, reaching over $0.31, with predictions from analysts like John Morgan suggesting a possible 40% increase due to surging transaction volumes.

More optimistic forecasts, such as from Lucid, project ADA could reach $30 amid global inflation driving the cryptocurrency market cap to $10 trillion over the next decade, highlighting Cardano’s active development community.

ADA’s recent spike may be attributed to the general bullish crypto market trend and Cardano’s wallet Nami integration into the IOG ecosystem.

In addition, Lucid claimed that Cardano had the most active development community of all other projects for October 2023.