The price of Cardano (ADA) has risen by 2% in the past 24 hours, reaching $0.436895. This represents a 1% dip in a week and a 9% fall in a fortnight, with the macroeconomic backdrop of high inflation, rising interest rates and a potential global recession weighing down the altcoin's movement.
However, these external pressures aside, ADA's fundamentals remain in good shape. And with the altcoin decidedly oversold and undervalued at the present moment in time, there's a very good chance it could lock in some substantial gains in the medium-to-long term.
Indeed, not only does $1 seem like a realistic medium-term objective, but the more distant future could see ADA reach $5, assuming that Cardano posts some substantial organic growth.
Cardano Crypto Price Prediction
ADA's current level of $0.436895 means that it's 85.5% down from its all-time high of $3.08, set back in September 2021. This is a relatively large comedown, but it's actually slightly smaller than the retreats from ATHs...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...