Cardano (ADA) price continues to grow its ecosystem, as seen by the recent release of Cardano Node version 1.35.6. This upgrade, released on March 16, focuses primarily on P2P support, improving network resilience, and expanding the network’s mainnet.
Nevertheless, the number of ADA wallets has increased significantly, hitting 4 million on March 21 and continuing to rise gradually. Cardano’s future is bright because of continual technological developments such as wallets, services, smart contracts, scaling, and governance.
CoinCodex’s technical analysis indicators will project Cardano’s price on Easter Sunday, 2023, to determine if the recent occurrences will have any optimistic consequences for ADA’s prognosis.
Cardano is expected to trade around $0.325 on April 9, Easter Sunday, according to information acquired on March 27.
ADA Easter price forecast | Source: CoinCodex
In comparison, according to data gathered at the publication, the machine learning algorithm-based crypto tracking platform PricePredictions predicts ADA investors may expect a slightly higher price of $0.358 on April 9.
ADA Easter price forecast | Source: PricePredictions
With a total market valuation of $12.3 billion, ADA is trading at $0.349, down 2% in the last 24 hours but up 3.8% over the previous seven days on the weekly chart.
ADA/USD 4-hour chart | Source: TradingView
The recent price behavior is consistent with the cryptocurrency community’s bullish expectations for Cardano’s average price by the end of March, which showed that ADA would be trading at $0.3861 on March 31, 2023. Increased engagement in ADA by whales and institutional investors supports this view.
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