Here’s a $1 Cardano Price Prediction, While New Cryptocurrency AiDoge Blasts Past $250,000
Cardano easily ranks amongst the top 10 most valuable crypto assets by market cap.
Launched by one of Ethereum’s early co-founders, Cardano prides itself as the third-generation of blockchain networks.
It relies on a peer-reviewed approach to solving the blockchain trilemma by providing a scalable, secure, and decentralized ecosystem through its use of a proof-of-stake (PoS) consensus mechanism called Ouroboros.
Since reaching its all-time high (ATH) price of $3.09 on September 2, 2021, the $ADA token has had a hard time hitting the $1 price peg following a two-year bear run.
However, ongoing positive market sentiment seems to suggest Cardano could hit the $1 price mark in the coming months.
While this would be exciting for the seventh-placed crypto asset, a new crypto project is taking the industry by storm.
Named AiDoge, it allows meme creators to use text-like prompts in producing relevant memes.
The project has recently blazed through the $250,000 mark prompting market experts to name it the industry disruptor?
Could it be the next big thing in crypto?
At press time, the Cardano token is trading at $0.4034, up 1.07% in the last 24 hours.
The digital asset is profiting off a general market uptrend of 0.04% following a slight bullish current lifting the crypto market spirits.
Looking at its weekly performance, we see that the $ADA token has risen 6.54% with a 30-day green zone percentage of 6.87%.
Although this would not likely knock many investors off their seat, Cardano’s year-to-date (YTD) performance stands at 65.7% which is quite impressive for the peer-reviewed smart contract network.
Turning to its technical indicators show strong bullish potential.
Its $ADA token technicals show a moving 50-day moving average
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