Krutika Adani
Cardano has been falling with an established downtrend. In the previous month, the price has fallen 24%.
From being the 4th largest crypto to falling to the 10th position, Cardano has suffered a massive decline in recent times. The crypto now risks falling into obscurity due to a bad adoption curve.
Despite being an Ethereum competitor, Cardano lacks originality. However, the project has now started working on their cross-chain solution which raises hope for it.
In 2024, Cardano might cross $0.51 in a bull scenario based on an expected broad market rally later this year.
We expect a turnaround in Cardano‘s price due to its high developmental activity. This could help the crypto cross $0.71 in 2025.