Leading on-chain metrics and price prediction firm Changelly has painted a sluggish forecast for Cardano's native token ADA.
Cardano's native token ADA continued its lackluster performance on Thursday, slipping nearly 4% in the day's trade as it remained stuck in the $0.34 zone. The leading altcoin has had a forgetful year as its price massively dwindled in the last 10 months. It started the year at $0.60 and slumped close to 45% year-to-date.
The development is testing investors' patience as several other obscure tokens outperformed the top 10 cryptocurrencies in the market this year. But will Cardano dust itself from the fall and scale up in the charts by the end of October 2024? This article will highlight how high or low ADA could reach in the charts next week.
Cardano Price Prediction: Time to Buy ADA?
Leading on-chain metrics and price prediction firm Changelly has painted a sluggish forecast for Cardano's native token ADA. According to the price prediction, the maximum ADA could rise by the end of October to $0.36 if the altcoin picks up steam and heads north in the next seven days. If it fails to rally, the price could remain at $0.34 with little to no changes.
Cardano's ADA is among the least-performing cryptocurrencies in the market this year. Despite Bitcoin reaching the $67,000 mark in the indices, it has failed to attract buying pressure. The Cardano blockchain has also launched several upgrades, but the developments barely positively affected its price.
This puts the cryptocurrency on the ‘no buy’ list as earning profits becomes challenging. Apart from ADA, many other cryptocurrencies are primed to deliver decent returns in November. Read here to learn how high Shiba Inu (SHIB) could go in the charts next month.
In addition, Binance Coin (BNB) is also expected to surge in the indices this Halloween. Read here to know how high BNB can spike in the charts. While other tokens are primed to print profits, it is advised to stay away from Cardano's ADA currently.
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