Cardano (ADA) Price Prediction: What to Expect in the Next 48 Hours

• ADA’s price has dropped by a slight 0.37% over the last 24 hours.
• The altcoin’s price is in a temporary consolidation phase as traders await the FOMC Meeting outcome.
• The FOMC meeting outcome may have a negative impact on ADA’s price.

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 in terms of scale because of the high amounts of energy they use as well as the slow transaction times.

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