CARDANO (ADA) Price, Analysis, Predictions, and Calculator

According to IntoTheBlock, Cardano's number of addresses with a balance has remained steady at around 4.45 million for over a year. During the last cycle, Cardano saw substantial growth and was seen as a strong alternative to Ethereum. However, in the current cycle, the network is facing challenges that have led to this stagnation.

According to Burak Kesmeci, tracking the Market Value to Realized Value (MVRV) score of Cardano (ADA) can help traders identify overbought or oversold conditions. The analysis highlights two crucial levels for ADA that traders should monitor to make informed decisions.

According to @intotheblock, Cardano is preparing for the Chang Hard Fork, expected to occur by the end of July. Historically, before its previous hard fork in 2021, ADA experienced a significant price surge, increasing by 130% from $1.35 to $3.10 within a month. This historical performance suggests that traders might anticipate similar price movements ahead of the upcoming hard fork.

According to @intotheblock, despite the stock market reaching new highs, Bitcoin and Ether have both declined by over 10% from their yearly peaks. Other major cryptocurrencies such as Solana (SOL), Cardano (ADA), and Chainlink (LINK) have experienced even steeper declines, falling more than 25% from their recent highs.