1. Fresh movement and forecasts
Cardano is once again attempting to storm the $1 mark, having surpassed this threshold for the first time since March — although today it corrected to ~$0.90, still with a profit of about +27% over the week.
Analysts are optimistic: some expect ADA around $2-$5 by the end of the year, while others consider a rise to $1.75-$1.80 in the short term possible — with good market sentiment and DeFi & NFT activity on the platform.
2. Ecosystem on the rise
The platform hosts more than 2,006 projects, and the number of delegated wallets is 1.33 million. This indicates stable growth in network activity.
Development budget: the community approved $71 million for key upgrades and development. This reinforces Cardano's strategy as a long-term project.
3. Technical picture
Active development is not standing still: from Layer-2 solutions (Midnight airdrop) — to increased activity of the dev team, even surpassing Ethereum's growth in activity.
Technical analysis shows the formation of a bullish flag and golden cross, which could reasonably lead to prices in the range of $3-$5 if the market supports the momentum.
4. Where ADA stands now (by the numbers)
Price: $0.90–0.91, a decline of ~2–5% in recent days.
But — if the incoming whale market, the expected Q4 bullish rally, and positivity around the infrastructure continue, Cardano has the potential for a significant rebound.
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And what to do?
Scenario Trading Rate
Brief entry Yes — on the breakout at $1 and the flag pattern.
Mid-term view Considering the scale of upgrades and network growth — there is growth potential.
Long-term asset Cardano remains one of the fundamentally strong platforms.#Cardano