CoinCodex: "The price of ADA may not be exceeding $ 1" – Bits Media

Coincodex company, a online metrics specializing in deliveries to the crypto-metrics and technical analysis of digital asset prices, I drew a rainbow picture for the Cardano blockchain investors and its ADA cryptoactive.

Expected, what in 2024 year profitability investment (ROI) in the cryptoactive may exceed 400% in relation to the current price (about $0,25). Coincodex analysts predict the future ADA growth on the basis of the historical movement of blockchain assets Cardano, coinciding in the moment with bitcoin halving cycles.

Regarding the long -term forecast of the ADA price in Coincodex, adheres to a more conservative position. Experts suggest, that cryptocurrency will not be able to resist the level above $1 and will bargain much lower than the level $0,80 almost immediately after reaching your peak value. This is explained by those, that over the past two years, the price of the ADA demonstrates a stable descending tendency, which, as expected, will prevail for a long time. Therefore, the annual forecast of the minimum price of ADA for 2024 year of Coincodex analytics is evaluated $0,23.

In the afternoon 5 September ADA is trading in $0,256. Cryptoactive showed a decrease within 0,1% per day and about 3,4% On a weekly timeframe.

Earlier, founder of Cardano Charles Hoskinson (Charles Hoskinson) stated, that the United States Securities and Exchange Commission (SEC) will not pursue his project, Since the actions of the department are politically motivated and not related to laws on securities.