Cardano has set the crypto world on fire, with a more than 30% price increase in the last seven days. The crypto’s strong performance sparked a flurry of interest and enthusiasm among its users. As a result, investors and traders outside the crypto sector keep a careful eye on Cardano’s progress.
Despite the recent tensions between Russia and Ukraine, which have led stock and crypto markets to plummet, the price of Cardano has risen. As can be seen in the chart above, ADA moved from a bearish zone to a bullish region, rising from $.75 to $.90. This performance places the cryptocurrency approaching the $1 resistance level. If this pattern continues, ADA may be on its way to breaking $1 in no time.
Furthermore, in the last few days, Cardano has experienced a massive 31 percent increase in growth rate. If Cardano can repeat this price pump, the price of ADA might reach $1.21, which is a bullish price. Indeed, Cardano lovers all across the world will be ecstatic at this price level. However, all of Cardano’s price predictions are contingent on the positive market behavior.
Cardano is now trading at a peak price of around $.90 per coin, with a market cap of nearly $31 billion. So, what are your thoughts on Cardano’s current market position? Do you believe now is the ideal moment to invest in Cardano?