Cardano course stabilizes after major losses - forecast for the coming months and the possibility of an increase to $ 1 by the end of the year?

Cardano course stabilizes after major losses - forecast for the coming months and the possibility of an increase to $ 1 by the end of the year?

The Cardano course has experienced strong losses in the past few weeks due to the crypto crash in early June. Within a few days, the value of the ADA TOKEN fell by 30 to 40 percent, from $ 0.24. The course previously recorded an increase of 0.25 to over 0.40 dollars in 2023.

In the following weeks, however, the Cardano course recovered and temporarily climbed the $ 0.30 mark. In the past 2 weeks, the course has moved sideways, slightly below $ 0.30. At the time of the last update, the ADA course was $ 0.28.

The forecast for the coming months looks positive because the course has stabilized and there is hope for a possible bull run of the bitcine. An increase in Bitcoin course in the direction of $ 40,000 could attract new investors who also want to invest in old coins like Cardano. This would improve the Cardano forecast.

The question of whether the Cardano course can rise to $ 1 again by the end of the year remains uncertain. Such an increase would be particularly optimistic at the moment, but a new bull run could be quick. The ADA TOKEN usually reacts particularly strongly to positive moods on the market.

It should be noted that the present article does not constitute financial advice and that investment decisions should be carefully weighed.

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