Human

Cardano

2024

April

<div class="finbold">
 <p class="paragraph">In an environment mostly characterized by crypto market optimism, Cardano (ADA) has been on a downward trend recently. The price has dropped nearly 20% in the last month and currently sits below $1.</p>
 <p class="paragraph">Investors are cautious in the short-term, with some analysts predicting a neutral-to-bearish outlook. This bearish sentiment is fueled by a decrease in whale and DeFi activity, putting pressure on ADA’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> support.</p>
 <p class="paragraph">However, the Cardano community remains optimistic for the long term. They believe the growth of the network’s internal activity will eventually translate to <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> increases.&nbsp;</p>
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 <p class="paragraph">Additionally, Cardano is actively seeking partnerships and collaborations to boost its popularity. Recent examples include discussions with U.S. states regarding blockchain-based voting systems.</p>
 <h2 class="wp-block-heading" id="h-forecasting-ada-s-potential-trajectory">Forecasting ADA’s potential trajectory</h2>
 <p class="paragraph">In an effort to gauge ADA’s potential trajectory by the end of April, Finbold sought insights from artificial intelligence (AI) – driven predictive machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> algorithms.&nbsp;</p>
 <p class="paragraph">The AI <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> offers a cautiously optimistic outlook for Cardano <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>. Their prediction model forecasts a moderate increase, with ADA potentially reaching $0.627 by the end of April.&nbsp;</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="336" src="https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp" alt class="wp-image-167479" srcset="https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 1024w, https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 300w, https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 768w, https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 1536w, https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 1694w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Cardano 1-month price prediction. Source: <em>CoinCodex</em>
  </figcaption>
 </figure>
 <p class="paragraph">This indicates a potential increase of 3.12% from its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.608, although the upward trend is expected to be relatively modest.</p>
 <h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano price analysis</h2>
 <p class="paragraph">At press time, Cardano’s price today stands at $0.6080. Despite experiencing a slight decline of -0.36% for the day, ADA has seen an increase of 3.25% over the past week.&nbsp;</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="880" height="524" src="https://cdn.thebittimes.com/images/2024/04/09/713374725aab80e0ac0a7e89a5462607.webp" alt class="wp-image-167483" srcset="https://cdn.thebittimes.com/images/2024/04/09/713374725aab80e0ac0a7e89a5462607.webp 880w, https://cdn.thebittimes.com/images/2024/04/09/713374725aab80e0ac0a7e89a5462607.webp 300w, https://cdn.thebittimes.com/images/2024/04/09/713374725aab80e0ac0a7e89a5462607.webp 768w" sizes="(max-width: 880px) 100vw, 880px">
  <figcaption class="wp-element-caption">
   Cardano 30-days price chart. Source: <em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">However, this upward momentum contrasts sharply with a significant decrease of -17.45% over the past month, indicating a challenging period for the cryptocurrency, according to Finbold data.</p>
 <p class="paragraph">The 3% gain across the last seven days was notably not enough for the digital asset to keep its position as the ninth largest cryptocurrency by market capitalization as The Open Network (TON) overtook it on April 9.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-cardano-price-for-april-30-2024-tbt84903.html">https://thebittimes.com/machine-learning-algorithm-sets-cardano-price-for-april-30-2024-tbt84903.html</a></p>

Machine learning algorithm sets Cardano price for April 30, 2024

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TheBitTimes

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