Blockchain News

AI sets Cardano (ADA) price for Easter 2023

Cardano (ADA) is making steady progress in expanding its ecosystem, as indicated by the recent release of the Cardano Node version 1.35.6. This can be seen as a direct result of the recent release of the Cardano Node version 1.35.6. This update, which went live on March 16, is largely geared toward improving P2P support, bolstering the network’s resiliency, and enhancing its mainnet.

In addition, there has been a large increase in the quantity of ADA wallets, which surpassed 4 million on March 21 and are still consistently adding to their numbers today. Cardano has a bright future ahead of it thanks to the steady progress being made in its fundamental technologies, such as wallets, services, smart contracts, scaling, and governance.

In response, Finbold has utilized CoinCodex’s technical analysis indicators to make a prediction about the price of Cardano on Easter Sunday, 2023. The purpose of this exercise is to determine whether the most recent events will have any repercussions that are bullish for ADA’s future.

According to the information that was gathered on March 27, it is anticipated that the price of Cardano would be $0.325 on Easter Sunday, which will take place on April 9.

A variety of technical indicators, including Bollinger Bands (BB), moving averages (MA), moving average convergence divergence (MACD), relative strength index (RSI), and others are taken into account by the AI forecast.

ADA is currently trading at $0.3552, a decrease of 1.1% over the course of the previous twenty-four hours but an increase of 3.8% over the course of the past seven days on the weekly chart. It has a total market size of $12.3 billion.

The most recent price action is in line with the optimistic projections made by members of the cryptocurrency community regarding the expected average price of Cardano at the end of March. These projections predicted that ADA would be trading at $0.3861 on March 31, 2023. The increased engagement in ADA from whales and institutional investors lends credence to this prognosis.


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