Cardano, introduced in 2017, drew inspiration from the contributions of the Italian polymath Gerolamo Cardano. In August 2021, Charles Hoskinson, the founder of Cardano, revealed details about the Alonzo hard fork, which led to a significant 116% surge in ADA’s price the following month.
Similarly, the introduction of the Vasil hard fork was highly anticipated by the Cardano team. Despite encountering some challenges, the project was successful.
As of January, Cardano’s price had reached $0.53. However, recent data indicates a drop in ADA’s value over the past 24 hours. Considering the negative trend in the broader cryptocurrency market, we offer a bearish price prediction for January end.
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Cardano ADA January end price prediction
Various factors, including market conditions, price action, developments, supply, and use cases, will influence whether ADA experiences a price change at the end of January.
Drawing insights from ADA’s performance earlier in 2024, cryptocurrency experts at Changelly offer their price prediction for Cardano at the end of January. They anticipate a potential price range with a minimum of $0.477 and a maximum of $0.528 within this timeframe. Additionally, experts expect ADA to trade at an average price ranging between $0.477 and $0.500 over this timeframe.
Also read: Ripple: Analyst Expects XRP To Hit $2.8 If This Happens
According to the latest CoinGecko data, Cardano is trading at $0.4936, reflecting a slight 4.6% decrease in value over the last 24 hours.