A Year For Crypto and Cardano in 2023?

For the first time since November 2021, the market capitalization of cryptocurrencies surpassed $1 trillion. Bitcoin’s value increased by 7.5% on January 14 to reach over $21,000 as investors look for a possible bottom in inflation. In addition, huge increases were also made by other well-known cryptocurrencies including Ether, Cardano, and Dogecoin.

Although the future of cryptocurrency is unknown, a team from Bitwise Investment has made ten predictions on what will happen in 2023.

  1. The cryptocurrency market will have a U-shape in 2023.
  2. Fast Crypto Transaction compared to previous year.
  3. When cryptocurrency prices increase, Coinbase, which has the largest installed user base, will return.
  4. New crypto regulation in 2023, specially In US Congress.
  5. Hydra is the next upcoming upgrade of Cardano for layer 2 scalability solution. With these upcoming upgrades, we expect the ADA price to reach as high as $0.71 as per data from coinpedia.

Cardano Price Prediction for March -

  • Cardano regained positive momentum after finding strong support near $0.30.
  • The price has encountered resistance at $0.35, signaling further room for growth.
  • Price-Predictions’ machine learning-based algorithms have set the price of Cardano to $0.3022 by March 31,2023.
  • According to members of the crypto tracking platform CoinMarketCap and coinpedia analyst, Cardano is expected to average $0.3861 by March 31st, 2023.
  • This would mean that the price would rise by 17.71%, or +$0.05809.