The Cardano cryptocurrency community is anticipating a bullish price movement in March, with predictions of a 17% increase in value to $0.3971 per token, according to CoinMarketCap. Furthermore, users anticipate a rise to $0.42 by July. While the community’s predictions have a historical accuracy of just over 53%, recent data in January and February 2023 saw accuracy rise to around 80%, up from 6.8% in December. The positive outlook is attributed to Cardano’s adoption as a decentralized applications platform and sustainable blockchain technology, leading to a growing value locked in its decentralized finance space. Coinbase users have been holding onto Cardano for longer periods, indicating an “accumulation trend” among investors.
