The price of Cardano $0.34599     (ADA) exhibits remarkable potential, especially with Bitcoin’s significant rise. Following Bitcoin’s exi

Cardano Price Forecasts Show Potential for Growth

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2024-10-29 08:00:04

The price of Cardano $0.34599 (ADA) exhibits remarkable potential, especially with Bitcoin’s significant rise. Following Bitcoin’s exit from an eight-month stagnation, projections suggest that ADA could reach as high as $5 within the next 10 to 18 months.

On October 29, the ADA price fell by 4.6% to $0.3491 in the London pre-market. This decline correlates with Bitcoin $70,984 approaching its psychological limit of $70,000. Bitcoin’s ascent has boosted overall market momentum, leading to a 2.5% upward movement, particularly highlighting the prominence of meme coins during this period.

Experts predict that ADA’s price movements in the near future will be positive. With the announcement of the ADA-BitcoinOS bridge, Cardano could gain a foothold in the $1.4 trillion Bitcoin market, providing a competitive edge in the DeFi sector. This development holds substantial potential for positively influencing ADA’s price.

Crypto analyst PlanC anticipates Bitcoin will rise to between $150,000 and $300,000 within 10 to 18 months. According to PlanC, Bitcoin is unlikely to fall below $60,000 once it reaches $80,000.

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