Cardano price stabilizes after big losses - forecast for the coming months and possibility of an increase to 1 dollar by the end of the year?

Cardano price stabilizes after big losses - forecast for the coming months and possibility of an increase to 1 dollar by the end of the year?

The Cardano price has experienced heavy losses in recent weeks due to the crypto crash at the beginning of June. Within a few days, the value of the ADA token fell by 30 to 40 percent, from $0.38 to $0.24. The price had previously increased from $0.25 to over $0.40 in 2023.

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

The forecast for the coming months looks positive as the price has stabilized and there is hope for a possible bull run for Bitcoin. A rise in the Bitcoin price towards $40,000 could attract new investors who also want to invest in altcoins like Cardano. This would improve the Cardano forecast.

The question of whether the Cardano price can rise back to $1 by the end of the year remains uncertain. Such a rise would be particularly optimistic at the moment, but it could happen quickly in the event of a new bull run. The ADA token usually reacts particularly strongly to positive market sentiment.

It should be noted that this article does not constitute financial advice and investment decisions should be carefully considered.

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