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Crypto community at CoinMarketCap predicts $1 Cardano price by June 30th

 


Cardano's price has surged over the past few weeks while the rest of the cryptocurrency market has fallen. This trend has encouraged some in the crypto community to be optimistic about future price action.


According to the latest predictions made with the CoinMarketCap Market Estimation Tool, which allows users to make crypto price predictions, the community expects ADA to trade around $1 by the end of June.

Cardano reached a price of $0.4 on May 12 and then quickly surged to $0.59 on May 13. The price then gradually dropped to $0.44 over the next few weeks. The price was still 10% higher than the previous low, but we could call this a test of the bottom. ADA is up almost 50% since this test.


The ADA price estimates show an average price of $1.034 on June 30, 2022, which is $0.423 more than the current price or an increase of 69.23%. About 24,430 people cast their ballots as of May 30, according to the poll.


Meanwhile, according to statistics acquired by Cardano Blockchain Insights on May 31, Cardano again has almost $500 million in treasury, or $498,403,802.47 to be exact. Through a voting process, the Cardano treasury is used to provide funds for the development of Cardano activities.


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More Cardano developments

Good news for the chain is that in the month leading up to May 20, more than 2,000 new wallets were added each day, for a total of 70,211 between April 19 and May 19. According to data from Cardano Blockchain Insights, as of May 30, the Cardano blockchain had 3,357,509 user wallets.


In addition, the successful launch of ADACash Cardano gives a boost. On the other hand, developers are not slowing down when it comes to new ADA-USD projects. They market these projects as a third generation blockchain after Bitcoin and Ethereum.


Cardano is working on new projects such as a marketplace for NFTs and a DeFi transaction exchange. These projects will take time, but they demonstrate the value and capabilities of the Cardano blockchain. This could lead to future growth in the ADA/USD rate.

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