Cardano may grab a better level of increment in its native token price in the incoming weeks.
Cardano (ADA) is a popular crypto network because of its potential to process crypto transactions at low fees & high speed. The design of the Cardano network is unique over other Proof-of-stake (PoS) networks. Charles Hoskinson is the founder of this project, who launched Cardano as a commercial blockchain in competition with the Ethereum blockchain. The team behind the Cardano project always supports the development works, instead of promotional works, to make the Cardano network useful at the commercial level.
An Artificial intelligence (AI) based prediction on Cardano by the NeuralProphet’s PyTorch revealed that Cardano’s native token ADA may surge by approximately 32% from its price of $0.318 at the time of publication.
Alternatively, the price of the ADA coin may hit $0.42 by 31 December. The predictor AI tool used the past ups & downs of the ADA coin.
In the present time, ADA stands at 9th rank in the crypto space, in terms of 24 hours global trade volume.
The all-time high of the ADA coin was $3.10, which hit in the 2021 bull run. The current price of this coin is $0.31 which means it is down by approximately 10 times over its all-time high.
This year the crypto industry is going through a very critical phase where the majority of crypto platforms are struggling to provide services in a normal situation.
In 2022, the popular crypto projects collapsed are Terra (Lunc), Celsius, BlockFi, Voyager Digital, Three Arrow Capital, FTX exchange, FTXUS, Alameda Research, Genesis Global Trading, etc.