Cardano (ADA) is up about 15% today, breaking the all-time record with $ 1.56. It is currently trading at 1.47. Is the rise over for ADA? or will it continue?
Cardano (ADA), which hit the highest today, has experienced some decline. Short-term dips can happen anytime, but I don't think short-term dips are very important. ADA has yet to reach its real price yet. After a cryptocurrency has peaked, there may be short dips due to incoming sales requests, which is very normal.
I predict that the ADA rise will start in early May. But today there is an upward trend in cryptocurrencies in general regarding the sale of Coinbase shares. Coinbase shares are estimated to be sold with record sales for a total of $ 65 billion. Therefore, there is a positive atmosphere in the cryptocurrency markets.
Cardano (ADA) price could exceed $ 2 in late April or May. The approval of new token applications to join the network will be in May. It is also possible for this increase to reach higher with new local tokens that will be added to the network. ADA investors are eagerly awaiting the evaluation of the applications made in April in May. I think many projects will come.
The real rise will start with the Alanzo update, it was previously announced that the Alanzo update will be released in August. At the end of this year, it will not be difficult for the ADA to reach $ 15 by doubling the price by 10.
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