Cardano is experiencing unusual price fluctuations, sometimes soaring and sometimes plunging. However, AI predicts that ADA will have stable growth until the end of April.
Cardano has had a few turbulent months with continuous price hikes and deep plunges. That performance continues into 2024 as ADA starts the new year with a decline, undergoing multiple price drops in January.
Recently, with the cryptocurrency market exploding due to the enthusiasm for the upcoming Bitcoin halving event, ADA has also seen a significant recovery. However, when BTC underwent a strong correction after hitting $69,000 in early March, Cardano started a strong upward trend.
Notably, amidst Cardano’s volatile price performance, this token has witnessed a 131.69% increase in the past 52 weeks, accompanied by the increase in the number of smart contracts, with nearly as many additions in January as the entire 2023.
Although there has been a positive trend, the ADA community still worries about a strong correction, especially with the recent stagnation.
AI algorithm predicts Cardano price at the end of March
Despite the slow growth trend, the AI-based prediction algorithm of PricePredictions, a platform specializing in future price predictions of various assets, predicts that Cardano may continue to rise throughout March.
The predicted increase will follow a slow but stable trajectory, completely opposite to ADA’s recent quick growth habit, and it is expected that the token will increase by 6.22% over the course of 3 weeks and reach $0.781823 on March 31.
Furthermore, machine learning algorithms predict that the upward momentum will continue in early April and see Cardano experience even higher growth, reaching $0.790113 after a month.
