TL;DR
- ADA has seen a substantial rise, reaching over $0.31, with predictions from analysts like John Morgan suggesting a possible 40% increase due to surging transaction volumes.
- More optimistic forecasts, such as from Lucid, project ADA could reach $30 amid global inflation driving the cryptocurrency market cap to $10 trillion over the next decade, highlighting Cardano’s active development community.
- ADA’s recent spike may be attributed to the general bullish crypto market trend and Cardano’s wallet Nami integration into the IOG ecosystem.
How High Can ADA Go?
Cardano’s native token – ADA – has been on a significant uptrend lately and one of the best-performing crypto assets for the past 24 hours. Its valuation surpassed $0.31 (per CoinGecko’s data), representing the highest level since the end of July.
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