Cardano Price Forecast – ADA Spikes Up 1%, Can Cardano Reach $5 in November?
Cardano price forecast appears to be shifting from bullish to bearish, particularly below the 50-day moving average line at $0.4225. Earlier, ADA recovered above the $0.3365 level and moved toward the $0.4315 target, but failed to break above this, implying a bearish correction.
Cardano's price has jumped by more than 15% in the last seven days. Can we expect the Cardano price forecast to be bullish, and can Cardano reach $5 in November? Let's find out!
Cardano's current price is $0.39, with a 24-hour trading volume of $712 million. In the last 24 hours, Cardano has dropped over 2% but has gained over 15% in the last seven days. CoinMarketCap now ranks #8 with a live market cap of $13 billion.
It has a total quantity of 45,000,000,000 ADA coins and a circulating circulation of 34,318,114,044 ADA coins.
Charles Hoskinson, founder of Cardano (ADA), has made a far-sighted forecast for the development of the ecosystem surrounding his Ethereum (ETH) competitor.
Hoskinson, in a recent video update, argues that claims that proof-of-stake blockchains like Cardano are less accessible to the average person than proof-of-work chains are typically false.
According to Hoskinson, anyone with access to a modest computer like the Beelink GTR5 can participate in the Cardano network as a stake pool operator (SPO) and help keep the network online.
Hoskinson believes that someday Cardano will develop into a big ecosystem of blockchains and sidechains running in parallel with each other, in part because of its accessibility to the masses.
”Cardano will eventually be a network of blockchains so it’s not just going to be Cardano, but when you think about the sidechain side of things, there’s potentially going to be dozens, potentially hundreds of
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