Cardano traded at $1.06677 against the US Dollar on Friday, November 29th, marking an increase of $0.03840, or 3.73%, from the previous trading session.
Cardano's ADA rises to over $1,06
Over the past four weeks, Cardano has seen a dramatic rise of 200.27%, reflecting a surge in investor interest and positive market sentiment. Looking at a longer timeframe, the cryptocurrency has appreciated by 184.18% over the last 12 months, showcasing its strong performance amid a volatile market landscape.
Expectations on future performance
Looking ahead, Trading Economics’ global macro models and analysts' expectations predict that Cardano will be priced at approximately $0.33693 by the end of the current quarter, indicating a notable decline from its current levels. Over the next 12 months, its price is projected to further drop to around $0.27832, driven by broader market trends and potential challenges within the crypto sector. These projections highlight a more cautious outlook for Cardano, reflecting factors such as regulatory developments, shifting investor sentiment, and competitive dynamics within the cryptocurrency space.
