The Future of $ADA Price from The Eye of Crypto Community
The smart contract platform Cardano ($ADA) caught the attention of the crypto community when it gave its strong support for the token this month. The reason that came out is that the network has improved its performance quite a bit after the Vasil hard fork along with its increasing usage
Cardano ($ADA) Price Quote
The forecast made on the CoinMarketCap site says that the average of around 7,100 cryptocurrency community members point to the smart contract platform’s price trading at $0.517 by the end of this month (November.) That represents an increase of almost 22% from $ADA’s current $0.42 -level.
CoinMarketCap: Cardano to USD Chart
The current Cardano price is $0.423953 USD with a 24-hour trading volume of $585.17 million USD. Cardano is down 0.42% in the last 24 hours, while the current CoinMarketCap rank is #9, with a market cap of $14.54 billion.
It can be seen that the crypto community’s estimate indicates a slight decline for the end of the year, with 4,700 users believing that the price of Cardano will be $0.487, representing quite an upside from current levels.
However, it must be noted that the outlook of the cryptocurrency community is only an analysis. While the platform’s data indicates average $ADA predictions had an accuracy close to 60% last month, but below 10% earlier this year.
Moreover, it can be clearly seen that the price of ADA for the last two or three days is performing in the green zone, which seems that investors are taking an interest in this.
In addition, some ADA-related news in recent days has increased the use of ADA, which with South Korean cryptocurrency bank Delio set to list $ADA and launched a staking service for it. FTX, a cryptocurrency exchange, is also set to list spot $ADA trading pairs according to CEO Sam Bankman-Fried.
Cardano Foundation and Community
The Cardano Foundation, which supports and grows the Cardano ecosystem, tweeted earlier this month about its on-chain statistics as of October 2022. It represents its initial tokens on went up nearly 5% to 6.62 million, while plutus script grew 4, 59% to 3.535. In addition, the number of transactions performed on Cardano increased by 4.18% to 53.3 million, while smart contract transactions grew by over 2%.
On the other hand, most recently, on November 6, 2022, Cardano Ambassador Pete shared a tweet, sharing his presentation from Sydney’s Cardano meetup on November 2, 2022. He kept his broad overview presentation for beginners on Cadano.
The Cardano Foundation further launched its agenda which includes the incredible lineup of speakers that will present at Cardano Summit 2022.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while graduating. A keen observer of detail, he shares his passion for writing alongside being a developer. His backend knowledge of blockchain helps him bring a unique perspective to his writing
