Many cryptocurrencies declined in 2021, and ADA is also one of them. The coin is based on the Cardano blockchain that uses the proof of stake mechanism. ADA coin peaked at more than $2.8 in august 2021, but now it has a value of $0.48. If you are willing to buy the ADA coin or any other coin, then there is no better platform than KuCoin because it has the support of more than 600 coins and a high consumer base that adds liquidity.
One in every three crypto investors other than the United States is using the KuCoin for daily investment, trading, and transactions. The platform is very popular due to its high features and low fees. The coin also supports ADA coins and provides complete guidance and prediction for all the coins. In this article, we will look into ADA.’s future price prediction of ADA. so let’s get started.
ADA Price Status
The current price of ADA is about $0.471703, which has increased by 3.69% in the last 24 hours. That is a good single and can be the trend reversal. ADA has a 24 hours market cap of $679.11 million and a total market cap of $15.23 billion. ADA can be a serious game changer in the upcoming future.
ADA Market Analysis
ADA has been in the descending channel for a long time but has started to stabilize. The price of ADA might reach $1 by the end of 2022, and this is due to the rising trend. Many experts believe that ADA can go down to $0.4130, but it will start to recover. The relative strength index that shows the purchasing trends is in an overbought stage, which means that it is not good to sell ADA in the upcoming days because the demand is going to go high.
ADA Future Trend
The price of ADA is connected to the bitcoin. When we look at the graph of bitcoin and ADA, we find similarities in the rise and fall. The price of ADA is going up in the long term. By the end of 2022, ADA might go to $1; if the trend reversed, it might go between $5 to $7 by the end of 2023.
Cardano is working on several blockchain upgrades that might provide a bullish trajectory to the coin. This might result in investors’ attention, which will boost the coin’s value, and it can hit between $10 to $12 by the end of 2024. If ADA manages to overcome the resistance levels, it can go up to more than $15 to $17 by the end of 2025. This means there can be more than 20 times a price increase by the end of 2025. The ADA/USDT is surely a good investment if you invest for a long period.
Conclusion
The cryptocurrency stock is following an upward trend and will rise significantly in the upcoming days. If you are looking for the best Cryptocurrency exchange, then you should consider the KuCoin, which provides the best features at a minimum price.
