Cardano Price Predictions: Where Will the Banking Crisis Take the ADA Crypto?
With investors losing confidence in banks, many are turning to crypto instead. This has several cryptos, including ADA, rallying higher lately. That follows gains seen last week by market leader Bitcoin (BTC-USD).
Adding to this, whales, those already holding large amounts of ADA, are reportedly grabbing even more. That’s another reason investors are picking up additional tokens as the enthusiasm of these whales spreads.
Keeping all of this in mind, some investors are wondering what the future holds for Cardano. We’re covering that below with a dive into the latest price predictions traders need to know about for Cardano.
Cardano Price Predictions
- Gov Capital starts off our coverage of ADA today with a one-year price estimate of $1.4886661206009 for the token.
- Next up we have WalletInvestor and its one-year price forecast of $0.0234 for the crypto.
- Finally, DigitalCoinPrice closes out our Cardano price predictions today with its average 2023 estimate of 81 cents.
So how do these Cardano price predictions stack up? Overall, things are looking good for the crypto compared to its current value of 38 cents per token. Investors will also note that ADA is up 8% over the prior 24-hour period as of Wednesday morning.
Crypto traders seeking out even more recent market news will want to keep reading!
We’ve got all of the hottest coverage investors need to know about on Wednesday! A few examples include cryptos to watch ahead fo the next Federal Reverse meeting, a plan to ban entral Bank Digital Currencies (CBDCs) in Flordia, and more. You can catch up on all of this news at the following links!
More Wednesday Crypto News
- 7 Cryptos to Watch as the Fed Becomes the Main Focus
- Ron DeSantis' CBDC Ban and What It Would Mean for Crypto
- The 3 Best Blockchain Stocks to Buy for the Future of Finance
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
