The Cardano (ADA) blockchain platform has shown impressive development, with a significant increase in the number of smart contracts thanks to updates to the Plutus v1 and v2 networks. In the context of the dynamic crypto market, the ADA token has experienced a huge price surge, recording gains of over 100% in the past 52 weeks.
ADA Predictions According to Crypto Analysts
According to a recent analysis by crypto expert Ali Martinez, Cardano is on the verge of a significant price increase. Martinez compared ADA's current price pattern to the period between 2018 and 2021, indicating the possibility of a substantial price increase.
In 2018, ADA started with a high price of $1 after its launch in 2017, but saw a drop to $0.04 in December. However, in September 2021, Cardano hit record highs near $3.
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ADA Predicted to Reach Rp78,855
Based on this historical pattern, Martinez predicts that ADA will trade in the range of $0.55 (approximately IDR 8,674.05) to $0.80 (approximately IDR 12,616.80), and potentially surge to $1.70 (approximately IDR 26,810.70) in the near future. Furthermore, there is a possibility that Cardano will reach a new record high of $5 (approximately USD 78,855.00) if this trend continues.
Cardano's recent price performance showed a brief but significant rally, followed by corrections and periods of accumulation, which has pushed the token up more than 100% over the past 12 months, with a total gain of 10.85% year-to-date (YTD).
With technology updates and security enhancements to the Cardano network, including new partnerships and Mithril access expansion, there is growing optimism among investors and users.
ADA Price Today
On Friday, 22/03/2024, the price of ADA crypto assets was traded at the level of IDR 10,081 per coin. In the last 24 hours, ADA has increased by 2.54% based on data monitoring from Bittime.
Source: Bittime
The global crypto market continues to show volatility, but Cardano has shown resilience and strong growth potential. With an ever-growing community and continuous innovation, Cardano is establishing itself as one of the major players in the blockchain ecosystem. Recent price analysis suggests that ADA is well positioned to capitalize on this momentum and may see a significant increase in value in the near future.
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How to Buy Cardano (ADA) on Bittime
You can buy and sell Cardano (ADA) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Cardano (ADA) is available on Bittime with the ADA/IDR market pair. To be able to buy ADA IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Cardano (ADA) on Bittime.
Monitor the price chart movements of Cardano (ADA), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Cardano (ADA): Comprehensive Analysis for Beginners
Analyst: Cardano (ADA) Decline a Bullish Sign?
ADA Price Prediction Until 2033
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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