Cardano (ADA) is forecast to increase by 90%, reaching 0.75 USD
After months of lacking momentum, Cardano (ADA) is finally expected to regain momentum. ADA is up nearly 10% in the past 14 days and over 45% in the past month. Furthermore, since January this year, ADA has increased by nearly 60%.
However, famous crypto analyst “Ali Charts” took to X (formerly known as Twitter) and shared a bullish outlook for Cardano's ADA.
Cardano is forecast to increase by 90%, but when?
According to Ali Charts, ADA could reach a price of $0.75 by the end of this year, representing about 90% growth from its current price.
However, there is a challenge for the bulls. Ali said that “ADA can only rise to $0.75 if it can exceed $0.45 by the first week of December.” Reaching $0.45 would mean ADA must increase 13.6% from current levels.
According to PricePredictions' machine learning algorithm, ADA may not reach $0.45 by the first week of December. According to the platform, ADA will trade for around $0.39 by December 8, 2023.
Additionally, cryptocurrency data analytics company, CoinCodex, believes that ADA will probably not reach $0.45 by the first week of December. The platform predicts ADA will trade around $0.40 by the 7th. December 2023.
“ADA will not reach $0.45 in December 2023. The price at which ADA fluctuates will be between $0.33 and $0.40 for most of December,” Changelly said.
According to IntoTheBlock , 48% of Cardano (ADA) holders are losing money, while 40% are making profits. The news site also shows that high-volume ADA transactions have decreased by 1.57%.
