The rise of Bitcoin to the $38,000 level has helped Cardano (ADA) to join the winners list and stand out from the crowd. ADA’s price is approaching $0.40, an important psychological resistance level seen in all charts, with significant increases. So, have investors missed out on ADA investment?
According to recent reviews, Cardano has seen a significant increase in its data on November 24. It has been observed that ADA, which was traded around $0.245 on October 12, has increased by 59% to $0.39, the price at the time of writing. ADA price has continued to rise steadily over the past six weeks.
Thanks to the continuous efforts of the Input Output Global (IOG) team to develop a fully decentralized ecosystem, a positive atmosphere has been created, and as a result, it is observed that about one-third, or 36%, of ADA holders were in profit at the time of writing.
Considering that Cardano, as the eighth largest cryptocurrency by market capitalization, traded at a price that is 690.28% higher than its all-time high (ATH) of $3.09 on September 2, 2021, at the time of writing, it can be considered that this is only a fraction of what can be achieved.
Meanwhile, the price of Cardano has increased by 2.25% in the last 24 hours at the time of writing. It has gained 6.18% in the past seven days and a more significant increase of 39.13% in the last month.
When evaluating the timing of investing in ADA, the use of artificial intelligence cannot be ignored in terms of price predictions. Algorithms aim for the price to reach $0.8617 within the next three months. It is predicted that this asset may experience further increases in the future, including predictions on the crypto analysis platform CoinCodex.