Cardano Price Forcast - Can ADA Hold at $0.41 Today?
Peer-reviewed blockchain network, Cardano, is one of the crypto market’s strong performers. The smart contract network has retained several investors’ interest and currently ranks as one of the top 10 most valuable blockchain projects.
Meanwhile, Cardano’s utility token, ADA, has regained the $0.41 price peg in the past 24 hours. Can it retain this current value? What crypto investments have the potential for a 50x return in the closing months of 2022?
2022 has been a rollercoaster season for all cryptocurrencies, including ADA. the digital asset has since toppled from its 2021 high of $3.10 and hit a 52-week low of $0.33 in the current crypto winter. However, things are gradually picking up, and the network token is back above the 40-cent mark.
At press time, ADA is trading at $0.41, an uptrend of 5.83% in the past day. The digital asset’s sustained growth has been thanks to its much-anticipated blockchain protocol.
Cardano recently completed its Alonzo hardfork, bringing more scalability to the popular Ethereum killer. With much to be done, the principal founder, Charles Hoskinson, has announced the Age of Voltaire, a digital event from November 18 to 19.
Voltaire is the last of the five phases of development and would principally see the Cardano blockchain become fully operational. It would introduce governance, allowing its ADA token holders to participate in the network events and vote on proposals fully.
Despite its huge potential, ADA has a growth ceiling due to its already ballooned market cap. However, the following new crypto projects could be the ideal candidates for a 50x return for value-focused investors.
The crypto market is adding more projects daily, but none has generated the amount of buzz this trio has:
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