Why Cardano (ADA) May Breakout In A Bull Run To $1

Cardano (ADA) is one of the few digital assets that has managed to hold its own through the downtrend. The digital asset has garnered a healthy following of supporters and continues to grow in conditions where others are struggling. However, Cardano’s price is down significantly from its all-time high that it attained last year. Its price has now fallen below $0.5 but is there still hope to get back to $1? Climbing Back To $1 The price of Cardano (ADA) has been doing better than expected in the market, but that does not mean that it is what investors want. The digital asset’s decline in value has seen its investors in loss emerge as one of the highest in the space. This is because after reaching its all-time high of $3.10, it quickly dumped back down. Related Reading | Ethereum Weekly Exchange Net Flow Points To Growing Accumulation Trend However, there is a lot of speculation around the price of the digital asset. For the community, they continue to hold a strong conviction that the price of the cryptocurrency will recover, especially in the short time. This is evidenced by the data collected on Coinmarketcap, where the majority believe that the digital asset will grow more than 100% in the short term. ADA trading at $0.46 | Source: ADAUSD on TradingView.com This data was shown on the ‘Price Estimate’ feature that is available on the website. Here, ADA investors have revealed that they expect the asset to grow to mo...