According to current market analysis, ADA has gained more than 12%. It is currently trading in the green zone and its overall trading volume has risen by 59%. Despite the recent Crypto bloodbath, driven by the sell-off of inflation. Cardano has managed to recover strongly and is changing hands at around $0.5149. The current outlook signals a buying opportunity as the market is currently under the control of bulls
Cardano has witnessed huge price volatility since the beginning of 2022.
It reached $1.63 on January 18 and then fell to $0.96 on February 28. Its price rose from $0.57 on May 30 to $0.68 on May 31. But ADA/USD failed to extend this rally, as its price fell to 0.59 in the first week of June 2022. On the YTD chart, Cardano continues to remain one of the worst performing cryptocurrencies
|
Ada |
BTC |
Eth |
|
|
5 days |
-19.7% |
-24.8% |
-31.4% |
|
Ytd |
-63.2% |
-52.4% |
-67.3% |
Cardano 2022 Forecast: market analysis
|
date |
price |
||
|
Average cardano price prediction 2022 |
14 June |
$0.74 |
|
| Technewsleader |
June 2022 |
$0.76 |
|
| Price of Digitalcoin |
June 2022 |
$0.73 |
Is Cardano a good token to invest in 2022?
- The Cardano token has a limited supply, e.g. 45 Billion.
- Cardano is one of the most environmentally sustainable tokens
- Cardano has its own wallet, unlike many other cryptocurrencies.
- Cardano recently partnered with the Ethiopian Ministry of Education to create digital IDs for more than 5 million students.
- Cardano is considered one of the most trusted technologies in the Crypto space, along with Ethereum and Solana.
Is it worth buying Cardano right now?
From the point of view of long-term investments, Cardano undoubtedly deserves to be taken into account. But, before making any investment, it is highly recommended to DYOR and diversify your portfolio.
