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Today’s crypto rise is being led by Cardano (ADA-USD), as investors speculate on what the cryptocurrency’s future price prospects could be.

Over the last several days, a number of other cryptocurrencies, including Cardano, have been moving upward. This occurs while the price of digital currencies and tokens is rising as a result of a larger crypto market rebound.

After a challenging start to the year, this cryptocurrency comeback is good news for traders in the market. The crypto market saw a severe slump that began in late 2021 and continued long into 2022 with no signs of ending. Because of this, several investors were concerned that a crypto winter would drive prices considerably lower.

But it seems that the crypto winter won’t materialize, at least not yet. Instead, the recent improvement is raising expectations that crypto values will rise to where they were before to the meltdown. Let’s see whether Cardano price forecasts can support that conviction.

Price predictions for Cardano

Gov Capital is first on our list, with a projected price of $1.75 per coin after one year.

With its 4.7 cent one-year price projection for ADA, WalletInvestor enters our list.

With an average forecast of 75 cents for 2023, DigitalCoinPrice wraps up our projections for the price of Cardano.

How accurate were those forecasts for Cardano’s price? When you take into account the cryptocurrency’s current price of 51 cents, it’s a bit of a mixed bag. Investors should also be aware that as of Tuesday afternoon, ADA had increased by 3.5 percent over the previous 24 hours.

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