Cardano

Cryptocurrency

Solana

Bitcoin

April

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 <p class="paragraph">Amid an enthusiastic day on the cryptocurrency market that began with Bitcoin (BTC) briefly tapping the $35,000 level, Cardano (ADA) has been making significant advances as well, reigniting hopes that the eighth-largest digital asset by market capitalization could actually <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a> the coveted price of $1 again.</p>
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 <p class="paragraph">Indeed, Cardano has increased its price by 10.2% in the last 24 hours, adding up to the 15.81% gain on its weekly chart and an advance of 17.5% across the previous 30 days, and is currently trading at $0.289, according to the most recent information obtained by Finbold on October 24.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/I5SN0NIv3Mduu8JqMGPtXtGTfm4T6t-R8vF-IESSfrMpMfyzh4RAKyp3u9-zd4DKo-fxK3_7jMyGuqhXN0Ps_vz2o-5zDKvb4bEparp4OdQus5epGiW7JfNEfnuyTSrG8AjSKOICyYmy6_FmmZmfPhA" alt>
  <figcaption class="wp-element-caption"><em>Cardano 24-hour price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">As it happens, the recent advances arrive at the heels of rumors of a possibly imminent approval of a spot Bitcoin exchange-traded fund (ETF), which has pushed the total crypto sector toward adding over $100 billion to its market cap in a single day and the flagship decentralized finance (DeFi) asset soaring over 12% during the same period.</p>
 <h2 class="wp-block-heading" id="h-cardano-price-prediction">Cardano price prediction</h2>
 <p class="paragraph">Meanwhile, the possibility of Cardano <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a>ing $1 is not out of the question, particularly as this cryptocurrency was changing above this price mark for the larger part of the bullish market in 2021, even touching the $3 level on a couple of occasions.</p>
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 <p class="paragraph">In this context, Finbold has consulted the artificial intelligence (AI) algorithms deployed by the crypto analytics platform <em>CoinCodex</em> to see at which moment they predict Cardano could, indeed, <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a> the above-mentioned price target or even continue further.</p>
 <p class="paragraph">According to the algorithms, this could happen in late April 2024, specifically April 26, for which they set the price of Cardano at $1.1312. The next bullish wave should follow in early September 2024, after which the algorithms will turn bearish.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/0DW_T2D0EgstpOe6LiEkH3QRmM0wC34UCK1iVmTe7hdyyOuUXifZjnUkQRRzIRg4NPukgJd33DzvtYxpTvtHGnmeYPRVQG8JepTv3HrmqJM-wCS5aK1MeEpSG424YHcNSfEh4ImDnqP6276uxde4Y4I" alt>
  <figcaption class="wp-element-caption"><em>Cardano 1-year price prediction. Source: </em><em>CoinCodex</em>
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 <p class="paragraph">Given its recent price movements and AI price predictions, Cardano bulls do have a strong case for their favorite crypto asset increasing its value and <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a>ing $1 in the next several months, and crypto trading expert Ali Martinez agrees, as Finbold reported on October 12.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/could-cardano-reach-1-ada-climbs-10-tbt67566.html">https://thebittimes.com/could-cardano-reach-1-ada-climbs-10-tbt67566.html</a></p>

Could Cardano reach $1? ADA climbs 10%

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