Post
Topic
Board Altcoin Discussion
Re: Hydra Event to boost Cardano Price?
by
Elena_Rodriguez
on 21/12/2022, 05:37:32 UTC
Cardano's price has slid down heavily in the past couple of days, marking new lows for the year 2022. But there are hopes that ADA price will surge in coming days and it is because of few points.
  • Of coarse, Hydra event is one to be considered.
  • Cardano secured the highest spot in the latest GitHub weekly development report
  • ADA total weighted sentiment has been bullish, trading within the positive range for quite a long time regardless of the direction of the price.
  • ADA top addresses holding between 100 to 1 M ADA tokens have been incremental in the last few days.

Considering the above optimistic scenario, ADA price prediction for 2023 is as high as $0.71. The bearish trend could be only for end of 2022. We can expect a surge in cardano very soon.

References -
Coinpedia (https://coinpedia.org/price-prediction/cardano-price-prediction/), Glassnode and Twitter