Cardano (ADA) has shown a significant rise in the crypto market, increasing by 120% over 14 days. Analysts are making positive forecasts based on strong metrics and the absence of token unlocks.
Cardano on the Rise
ADA's price has risen to $0.73, attracting analysts' attention for further growth. FLASH noted a major resurgence, suggesting that ADA could exceed $1 by the end of the year.
What Analysts Are Saying
Analyst Ssebi suggested that ADA could reach $0.90 if it exceeds the resistance level at $0.74. Lucid noted that due to no scheduled token unlocks and high Minimum Attack Vector (MAV), further growth is likely. MAV evaluates network decentralization and resilience against attacks.
Importance of Key Metrics
Key blockchain metrics show positive trends for ADA. The number of investors profiting has risen while those at a loss have decreased, marking an improvement from August when many investors were not profiting.
ADA shows confident growth based on strong fundamentals. Analysts continue to watch Cardano's market changes, predicting further strengthening of its positions.
