Human

Cardano

2024

April

<div class="finbold">
 <p class="paragraph">In an environment mostly characterized by crypto market optimism, Cardano (ADA) has been on a downward trend recently. The price has dropped nearly 20% in the last month and currently sits below $1.</p>
 <p class="paragraph">Investors are cautious in the short-term, with some analysts predicting a neutral-to-bearish outlook. This bearish sentiment is fueled by a decrease in whale and DeFi activity, putting pressure on ADA’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> support.</p>
 <p class="paragraph">However, the Cardano community remains optimistic for the long term. They believe the growth of the network’s internal activity will eventually translate to <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> increases.&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    R. Kiyosaki issues stark warning: Inflation is ‘eating American families alive’ <span class="self-center text-xs text-slate-500">26 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    How much will RIOT stock be worth if Bitcoin hits $100,000? <span class="self-center text-xs text-slate-500">30 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin is ‘bad for dictators’ says the Human Rights Foundation <span class="self-center text-xs text-slate-500">36 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Arthur Hayes predicts Bitcoin will slump around halving; Here’s why <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Additionally, Cardano is actively seeking partnerships and collaborations to boost its popularity. Recent examples include discussions with U.S. states regarding blockchain-based voting systems.</p>
 <h2 class="wp-block-heading" id="h-forecasting-ada-s-potential-trajectory">Forecasting ADA’s potential trajectory</h2>
 <p class="paragraph">In an effort to gauge ADA’s potential trajectory by the end of April, Finbold sought insights from artificial intelligence (AI) – driven predictive machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> algorithms.&nbsp;</p>
 <p class="paragraph">The AI <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> offers a cautiously optimistic outlook for Cardano <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>. Their prediction model forecasts a moderate increase, with ADA potentially reaching $0.627 by the end of April.&nbsp;</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="336" src="https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp" alt class="wp-image-167479" srcset="https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 1024w, https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 300w, https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 768w, https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 1536w, https://cdn.thebittimes.com/images/2024/04/09/ec54e4cc6bdd9eacc553af988782a0c5.webp 1694w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Cardano 1-month price prediction. Source: <em>CoinCodex</em>
  </figcaption>
 </figure>
 <p class="paragraph">This indicates a potential increase of 3.12% from its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.608, although the upward trend is expected to be relatively modest.</p>
 <h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano price analysis</h2>
 <p class="paragraph">At press time, Cardano’s price today stands at $0.6080. Despite experiencing a slight decline of -0.36% for the day, ADA has seen an increase of 3.25% over the past week.&nbsp;</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="880" height="524" src="https://cdn.thebittimes.com/images/2024/04/09/713374725aab80e0ac0a7e89a5462607.webp" alt class="wp-image-167483" srcset="https://cdn.thebittimes.com/images/2024/04/09/713374725aab80e0ac0a7e89a5462607.webp 880w, https://cdn.thebittimes.com/images/2024/04/09/713374725aab80e0ac0a7e89a5462607.webp 300w, https://cdn.thebittimes.com/images/2024/04/09/713374725aab80e0ac0a7e89a5462607.webp 768w" sizes="(max-width: 880px) 100vw, 880px">
  <figcaption class="wp-element-caption">
   Cardano 30-days price chart. Source: <em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">However, this upward momentum contrasts sharply with a significant decrease of -17.45% over the past month, indicating a challenging period for the cryptocurrency, according to Finbold data.</p>
 <p class="paragraph">The 3% gain across the last seven days was notably not enough for the digital asset to keep its position as the ninth largest cryptocurrency by market capitalization as The Open Network (TON) overtook it on April 9.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-cardano-price-for-april-30-2024-tbt84903.html">https://thebittimes.com/machine-learning-algorithm-sets-cardano-price-for-april-30-2024-tbt84903.html</a></p>

Machine learning algorithm sets Cardano price for April 30, 2024

Mục lục

TheBitTimes

Các bài viết khác được xuất bản trên 9 thg 4, 2024

TON Surges Into Top 10, Flipping ADA Pro-XRP Lawyer Bill Morgan Criticized Cardano

Massive Salvadoran Data Breach Exposes Millions

Google Sues Two for Crypto Scam Apps on Play Store, Tech Giant Aims to Set Legal Precedent

Tether Earns $6.2B in 2023, Competes With Traditional Financial Firms

BlackRock, Fidelity Trusts Have Outperformed 99.9% of All ETFs

Pump.fun Enhances Memecoin Market with $5.2M in 38 Days

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!