Cardano’s price has been increasing recently, with a 17% surge in the past week. It is currently trading at $0.7093, which is an 11% increase in the past day. The trading volume has also increased by over 65%, indicating growing investor interest.
According to onchain data from Santiment, there has been an increase in whale accumulations of Cardano. Whales, who hold between 100,000 to 100 million ADA, have been increasing their holdings since April 14. This further adds to the bullish sentiment surrounding Cardano.
Expert Dan Gambardello believes that Cardano will face strong resistance around the $3 mark. Many investors who did not sell during the last cycle may regret it at this price level. He expects some price volatility in this area before Cardano eventually rises to $5. He compares this rise to a quick stop before the next big jump.
Analysts also predict a significant surge in Cardano’s price. Javon Marks foresees a 354% surge, with Cardano potentially reaching as high as $2.91. This outlook is based on ADA’s current chart pattern. Additionally, Martinez predicts that Cardano’s next target could be $0.77 as it continues to break out.
In terms of FAQs, Cardano is not dead and is witnessing major developmental upgrades, which could boost ADA’s price in the near future. It is considered an underrated investment with the potential for growth in the next couple of years. As for long-term predictions, Cardano could reach a maximum price of $69.33 by 2040 and potentially go as high as $329.56 by 2050.
Sources:
– [Cardano Price Eyes $5 After 17% Surge](https://coinpedia.org/news/cardano-price-eyes-5-after-17-surge/)
– Expert Dan Gambardello’s tweet
– Analyst Javon Marks’ prediction
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