Cardano Price Forecast

Cardano’s price forecast remains pessimistic as ADA falls further and threatens to breach the $0.2500 to $0.2210 trading range. Over the past two months, the cryptocurrency market has been terrible, with Sam Bankman-Fried and FTX making the most headlines.

Crypto winter is expected to last until at least 2023 as a result of the FTX exchange’s collapse and its subsequent ripple effects. Although confidence in the crypto sector has been waning, the newest report from CoinMetrics shows that stablecoin volume has been steadily increasing, indicating that there will be enough deployable resources to reverse the trend. It is therefore possible that the price of Cardano may skyrocket to $3.

At the time of writing, the price of one ADA was $0.2578. (Sunday– Early European session). Trading volume on cryptocurrency exchanges has dropped by about 40%, to $126 million, as reported by CoinMarketCap. With a market cap of $8.89 billion, the token of the smart contracts is ranked ninth.

Cardano Shark Holdings Hit 4 Billion ADA

Based on recently uncovered data, certain altcoins, including Cardano (ADA) and XRP, are predicted to be the most googled digital currency assets in the year 2022. A recent study by the personal finance website DollarGeek found that Bitcoin (BTC) is the most sought-after digital asset globally and in the United States (DOGE).

According to the data, the most popular cryptocurrency by market capitalization was searched 4.57 million times per month on average in the United States in 2022, followed by SHIB with 1.29 million searches and DOGE with 729,000.

The most popular cryptocurrency was searched for 28.4 million times in a single month throughout the globe, while searches for Shiba Inu and Dogecoin clocked in at 4.43 million and 5.85 million, respectively.

Cardano Price Forecast – Daily Technical Levels

Support Resistance
0.2437 0.2643
0.2294 0.2906
0.2030 0.3350
Pivot Point: 0.2500

Cardano is now trading sideways between $0.2500 and $0.2700. A bullish breakout of the ADA/USD pair, on the other hand, might continue the uptrend to the $0.2985 level In contrast, a bearish fall of the $0.2500 level could expose ADA to the $0.2215 level.

Given the bearish breakout of descending triangle pattern, ADA’s selling basis remains strong.

ADA/USD Price Chart – Source: Tradingview

Cardano’s RSI, MACD, and 50-day moving averages all signal a selling trend. The ADA/USD pair creates Doji and Spinning top candles on a daily chart, indicating indecision; possibly investors are waiting for a significant reason to launch a breakout.

Top Coins in the Highlights

Despite the slowing of the market, the currencies listed below could be fantastic additions to your portfolio.

FightOut (FGHT)

The newly established move-to-earn (M2E) currency FGHT represents the future of health and fitness. The access token for the Web 3.0 fitness program and gym chain FightOut is FGHT. This is a first since it combines physical exercise in the real world with rivalry in the metaverse. The current price of the coin is $0.016 (60.06 = 1 USDT), and there is no minimum or maximum order size.

According to Statista, the health and fitness business is estimated to be worth $96 billion by 2022, but because it is rooted in the past, M2E app and gym chain FightOut is stepping in to help.

With an exciting and ambitious $100 million fundraising effort, the FightOut app and gym franchise seeks to upend one of the world’s most lucrative and expanding industries. FightOut raised over a million dollars during its seven-day private auction in December and is currently gathering traction during the first round of its public sale.

FightOut works to improve the present Web 2.0 architecture while also addressing difficulties with Web 3.0 Move-to-Earn implementations such as STEPN.

Dash 2 Trade (D2T)

Dash 2 Trade is another cryptocurrency that uses the Ethereum network. Given their exclusive grading system, you’ll get access to the most recent social data, on-chain analytics, and presale market data. Investors have remained attracted to the currency because it gives vital crypto trading indications swiftly.

Due to tremendous demand, top-tier exchanges are preparing to list the D2T token following the presale, and they anticipate a considerable amount of daily trading activity once the token becomes live.

RobotEra (TARO)

RobotEra intends to give higher-quality visuals to gamers than Decentraland, as well as more thrilling gameplay approaches and money opportunities. Aside from player-versus-player activities, RobotEra offers various opportunities for players to earn prizes while exploring and attempting to repair Taro’s damage.

RobotEra also has its own native token, TARO. Although digital asset owners can stake it to earn extra units, the in-app gaming market is generally utilized to buy and sell NFTs. This item is currently available for pre-sale to inventors.

TARO’s endeavor was a success, with a presale of over $622,000 raised. The digital asset’s first round of presale is being held at a price of $0.020. TARO’s next stage price will be $0.025; the following level price will be $0.032.