Cardano (ADA) Goes Crazy, This Is The Next Target Price!

<p>&nbsp;"Hmm, do you think the current SOL price will continue to rise or move flat?"</p><p><br /></p><p>After facing the fall for a long time, the price of the Cardano (ADA) currency seems to have managed to climb up to $0.37 which is the multi-month high it reached in early June 2023.</p><p><br /></p><p>Despite the consistency of Input Output Global (IOG) which is the parent company of the protocol in driving the activities of its ecosystem developers, the price of ADA still saw a decrease to $0.26 on July 13, 2023 followed by $0.24 at the end of October.</p><p><br /></p><p>However, ADA's massive rally has now been sparked as retail investors and whales joined hands to drive up its price further causing its trading volume to jump 24.75%.</p><p><br /></p><p><br /></p><p>Through observation, ADA has the potential to retest $0.40 and continue higher if the price can break through that level.</p><p><br /></p><p>Pleased to note that IOG is considered to be the driver for ADA's price strengthening since the beginning of the year to date, the digital asset has welcomed a series of new products and services to help strengthen the functionality of blockchain operations.</p><p><br /></p><p>Among its launched products are the DJED stablecoin algorithm, a smart contract called Mithril and Lace Wallet and ADA has also gained recognition for being the blockchain with the best developer efforts.</p><p><br /></p><p>As of this writing, ADA price has surged by 4.27% to $0.38 in the last 24 hours with a market capitalization of $12 billion further recording a 19.15% increase over the last week.</p>