- may surge another +2000% price growth
- ADA maintains a top 10 market position
- Cardano may reach the skyrocketing price of over $20
Cardano has been caught in a bearish trend making its price struggle below $1. This price status of the crypto made its holders suffer a price decline of almost -18% in the past 7 days. Despite this market performance, the crypto maintains its position as one of the top 10 cryptos in Coingecko. This is proof that the crypto continues to maintain the trust of its investors on its network.
In terms of its technology development, Cardano is one of the most aggressive networks in the space. In detail, the IOHK and the Cardano development team are working on creating the Vasil hard fork. As per Hoskinson, the hard fork upgrade will bring massive performance improvement to Cardano. Indeed, this is a piece of good news that brings excitement to the network community.
Meanwhile, the upgrade of Cardano is not limited to benefit only the performance of the network, it also drives the mass adoption of the crypto. Hence, investors and traders can expect a price surge.
As seen in the chart above, Cardano has successfully recorded a massive price jump in the past year. In detail, the crypto performed a growth rate of over +2000% that skyrocketed its price from $.041 to $3.
If Cardano is able to create a huge pump once again, the crypto will hit the moon price of $20. But of course, this price forecast of Cardano still depends on the bullish market and the performance of the network.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.