Cardano (ADA) Price Prediction, Could Reach This Much Next Year!
2024-12-04
Bittime - The Cardano (ADA) crypto asset continues to show impressive performance throughout 2024. The following is a price prediction for ADA coin accompanied by analysis of its price movements from experts. After going through a prolonged correction phase, the ADA coin price experienced a significant spike.
With support which was solid at the level of $0.24 (Rp. 3,840) at the start of the year, this asset managed to reach its annual high of $1.20 (Rp. 19,200) on December 2, 2024. This movement not only reflects momentum bullish which is strong, but also steals the attention of investors who want to enter this digital asset market.
What is Cardano (ADA)?
Cardano is a technology-based blockchain platform Proof of Stake (PoS) designed to create decentralized applications (dApps) with a focus on security and sustainability.
Launched in 2017 by Charles Hoskinson, who is one of the founders of Ethereum, Cardano combines academic research and a scientific evidence-based development approach aka peer-review to build a reliable and environmentally friendly ecosystem.
What is ADA Coin?
ADA coin is the main crypto asset of the Cardano network that functions as a means of payment and staking to validate transactions on this platform. With its market capitalization continuing to grow, ADA has become one of the top ten crypto assets by market value. In addition, its use is also increasingly widespread in smart contracts and DeFi applications.
Cardano (ADA) Coin Price Today
As of December 4, 2024, ADA price is trading at around $1.13 (Rp. 18,080). This price shows a trend bullish consistent throughout the year, with a significant spike since early November. Daily trading volume reached more than $1.2 billion (Rp. 19.2 trillion), reflecting high market interest in this asset.
Cardano Coin (ADA) Price Prediction
On December 2, a number of crypto analysts predicted the price of ADA. Ali Martinez predicts ADA coins could reach $1.5 per coin. Even though previously he would have undergone correction first.
Then, Nikola Lazic's prediction predicted that ADA would experience overbought in the near future before resuming its upward trend.
ADA succeeded in passing this prediction. Based on technical analysis, ADA is predicted to continue its uptrend with several correction phases. Here are ADA price projections from 2024 to 2028:
Conclusion
Cardano (ADA) has demonstrated solid performance throughout 2024, supported by its technological innovation and increased activity in its ecosystem. Despite facing a potential correction in the future, ADA's long-term prospects remain bright, especially with increasing adoption in the DeFi sector and blockchain-based applications.
FAQ
What is ADA Coin?
ADA Coin is a crypto asset issued by a blockchain platform Cardano. This platform was founded in 2017 by Charles Hoskinson, co-founder of Ethereum. The ADA token is named in honor Ada Lovelace, a mathematician who is considered the world's first computer programming expert.
What is Cardano?
Cardano is a technology-based blockchain platform Proof of Stake (PoS) designed to create decentralized applications (dApps) with a focus on security and sustainability.
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Reference
Lazy, Cardano (ADA) Price Stalls at Horizontal Resistance, Accessed December 4, 2024
Martinez, Account X @Ali_charts, Accessed December 4, 2024
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