Cardano

2024

Avalanche

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 <p class="paragraph">With the majority of assets in the cryptocurrency sector slowing down and reversing their gains from the previous several weeks, things do not look very optimistic for Cardano (ADA) in the short term, but artificial intelligence (AI) algorithms remain bullish regarding its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trends in 2024.</p>
 <p class="paragraph">As it happens, Cardano is currently recording losses on multiple charts, although it has managed to increase its price from the year’s turn and defeat Avalanche (AVAX) in the battle for the position of the eighth-largest crypto asset by market capitalization, and AI forecasting algorithms predict further improvement.</p>
 <h2 class="wp-block-heading" id="h-cardano-price-prediction-2024">Cardano price prediction 2024</h2>
 <p class="paragraph">So, when will Cardano explode? According to the advanced AI algorithm’s projections, which rely on historical ADA trends, technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) indicators, chart patterns, and related developments, Cardano could hit the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of <strong>$3.01</strong> by December 31, 2024, suggesting an explosion of 396.52%.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image"><img decoding="async" width="1437" height="487" src="https://cdn.thebittimes.com/images/2024/03/20/f5e1d3b4e5d177e9c491ee51408e0a53.webp" alt="Cardano price prediction 1-year chart. " class="wp-image-162254" srcset="https://cdn.thebittimes.com/images/2024/03/20/f5e1d3b4e5d177e9c491ee51408e0a53.webp 1437w, https://cdn.thebittimes.com/images/2024/03/20/f5e1d3b4e5d177e9c491ee51408e0a53.webp 300w, https://cdn.thebittimes.com/images/2024/03/20/f5e1d3b4e5d177e9c491ee51408e0a53.webp 1024w, https://cdn.thebittimes.com/images/2024/03/20/f5e1d3b4e5d177e9c491ee51408e0a53.webp 768w" sizes="(max-width: 1437px) 100vw, 1437px">
  <figcaption class="wp-element-caption"><em>Cardano <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion <em>1-year</em></em> <em>chart. Source: CoinCodex</em>
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 <p class="paragraph">At the same time, machine learning platform <em>CoinPriceForecast </em>offers a somewhat more bearish prognosis for Cardano, <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ing it would hit <strong>$1.26</strong> by&nbsp; (+107.85%) the end of 2024, with Cardano <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion 2025 seeing it reach $1.64 by mid-year, and closing it at the amount of $1.71.</p>
 <p class="paragraph">Meanwhile, the fourth model of the OpenAI invention ChatGPT, called GPT-4, has set the Cardano price prediction 2024 targets at “between the current level and the optimistic <strong>$8</strong> prediction” (+1,219.65%), adding that its bullish prognosis relates to the strength of the market’s representative, Bitcoin (BTC):</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“There’s a general ascendancy in the crypto market with Bitcoin showing significant growth. This positive sentiment in the broader market could potentially benefit ADA as well.”</p>
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 <p class="paragraph">In the meantime, Claude 3 Opus, the latest AI model by Anthropic, has offered its own Cardano price prediction, forecasting that ADA could hit the target <strong>between $1.50 and $3.00</strong> (up to +394.87%) toward the end of this year, as it “could experience significant growth by the end of 2024.”</p>
 <h2 class="wp-block-heading" id="h-cardano-price-today">Cardano price today</h2>
 <p class="paragraph">As of its current situation, Cardano price today sits at $0.60622, suggesting a decline of 1.15% in the last 24 hours and a loss of 15.21% across the previous seven days, adding up to the monthly drop of 3.89%, as per the most recent chart data&nbsp;on March 20.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/03/20/1cbc8d5386e02e9bf858fff122e272b7.webp" alt="Cardano price 30-day chart." class="wp-image-162255" srcset="https://cdn.thebittimes.com/images/2024/03/20/1cbc8d5386e02e9bf858fff122e272b7.webp 750w, https://cdn.thebittimes.com/images/2024/03/20/1cbc8d5386e02e9bf858fff122e272b7.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Cardano price 30-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">It is also worth noting that crypto trading expert Ali Martinez recently observed that Cardano was mimicking its 2018-2021 pattern, which suggests a consolidation in the $0.55-$0.80 range, followed by a surge to $1.70, another period of further consolidation, and a breakout to $5.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1200" height="829" src="https://cdn.thebittimes.com/images/2024/03/20/e4bc2cc349685768f7ecdff9a637a3f3.webp" alt="Cardano price action analysis." class="wp-image-162252" srcset="https://cdn.thebittimes.com/images/2024/03/20/e4bc2cc349685768f7ecdff9a637a3f3.webp 1200w, https://cdn.thebittimes.com/images/2024/03/20/e4bc2cc349685768f7ecdff9a637a3f3.webp 300w, https://cdn.thebittimes.com/images/2024/03/20/e4bc2cc349685768f7ecdff9a637a3f3.webp 1024w, https://cdn.thebittimes.com/images/2024/03/20/e4bc2cc349685768f7ecdff9a637a3f3.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>Cardano price action analysis. Source: </em><em>Ali Martinez</em>
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 <p class="paragraph">All things considered, this crypto asset looks ready to recover and increase its value by the end of this year, but the situation in this sector can sometimes change on a whim, which is why doing one’s own research and keeping up with Cardano news is important before investing a significant sum of money in it.</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.&nbsp;</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-predicts-cardano-price-for-end-of-2024-tbt83010.html">https://thebittimes.com/ai-predicts-cardano-price-for-end-of-2024-tbt83010.html</a></p>

AI predicts Cardano price for end of 2024

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