Cardano

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<p dir="ltr"><a href="https://u.today/cardano-ada-skyrockets-32-regains-top-10-spot" rel="noopener noreferrer nofollow">Cardano</a> (ADA) appears temporarily sidelined by the ongoing bullish trend in the broader cryptocurrency space. As of this writing, the ADA price has fallen by 4.48% to $0.5712, according to CoinMarketCap<a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">data</a>. ADA’s market volume has also recorded a significant 12.59% decline to $3.38 billion.</p>
<p dir="ltr">Despite these gloomy metrics, historical data suggests that Cardano might shock the ecosystem in November.</p>
<h2 id="cardano-and-price-outlook">Cardano and price outlook</h2>
<p dir="ltr">Notably, data from<a href="https://cryptorank.io/price/cardano/analytics" rel="noopener noreferrer nofollow">Cryptorank</a>, an analytics platform, reveals crucial insight into the blockchain’s activities. ADA, in November, had an impressive average growth rate of 50.3% over the past seven years. With the price currently past the $0.50 level, experts foresee a likely spike that could double its market price.</p>
<p dir="ltr">The logic in these analysts’ analysis lies in ADA's historical performance. In October, the asset had an average growth rate of 1.76%. Interestingly, ADA’s price suffered a considerable decline, fluctuating between a low of $0.3244 and a high of $0.3524.</p>
<p dir="ltr">With ADA’s historical growth rate now pegged at 50.3%, Cardano's current price seems likely to soar if this pattern is sustained. If this happens, 50% growth from $0.5712 will see ADA trade above $0.80 to the $1 level.</p>
<p dir="ltr">With over 69% recorded thus far this month, the coin just needs to sustain this trend while adding more in the long term.</p>
<h2 id="will-community-sentiment-help-ada-rally">Will community sentiment help ADA rally?</h2>
<p dir="ltr">At its current level, ADA has reached a support level from which it could launch a rebound. Additionally, community sentiment among Cardano users remains bullish. In a poll of 44,643 users, approximately 90% remain bullish on ADA. This critical support might drive its price up.</p>
<p dir="ltr">Meanwhile, Cardano developers have remained busy, with <a href="https://u.today/cardano-conducts-major-protocol-update-see-what-changed" rel="noopener noreferrer nofollow">major protocol upgrades</a> to enhance the platform's optimum performance. They are keen on users carrying out smooth operations on the blockchain, and users' seamless transactions could help boost ADA's fortunes in the long run.</p>
<p dir="ltr">The days ahead will reveal what comes next for the Cardano token as ADA battles to reach the $1 level. Cardano has already reclaimed its position among the elite <a href="https://u.today/cardano-makes-epic-top-10-comeback-as-ada-price-rockets-33" rel="noopener noreferrer nofollow">top 10 cryptocurrencies,</a> as it is now ranked ninth by market capitalization.</p> <a href="https://u.today/cardano-ada-to-1-heres-what-historical-data-says" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Cardano (ADA) to $1? Here's What Historical Data Says

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