Cardano (ADA) Price Prediction: What to Expect in the Next 48 Hours
Published in
Feb 9, 2023
- ADA’s price has dropped more than 2% over the last 24 hours.
- The 24-hour drop in the altcoin’s price has resulted in ADA’s price breaking below a positive trend line.
- Technical indicators on ADA’s daily chart suggest that ADA’s price will drop in the coming 24–48 hours.
Cardano is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Bitcoin are limited by the infrastructure burden of growing costs, energy use, and slow transaction times