- Several crypto traders are now speculating where the Cardano price will end up at the end of May, given that the ADA price often rises before a hard fork event based on historical data.
- According to the latest predictions from the crypto community in an open vote until May 21 on CoinMarketCap, as of today the ADA price estimate for the end of May was an average of $1.26.
- Currently, the price of the ninth-largest cryptocurrency by market capitalization is $0.81, registering a decrease of 4.19% in the last 24 hours and 11.65% in the previous seven days, according to CoinMarketCap data.
As part of the preparations for the upcoming Vasil hard fork, which will significantly improve transaction performance, the Cardano development team is working hard to improve network efficiency.
Several crypto traders are now speculating where the Cardano price will end up at the end of May, given that the ADA price often rises before a hard fork event based on historical data.
According to the latest predictions from the crypto community in an open vote until May 21 on CoinMarketCap, the ADA price estimate for the end of May as of today averaged $1.26.
Price forecasts for Cardano from the crypto community indicate an average price increase of $0.44 or 53.64% from the current ADA price.
At the time of publication, 26,112 people had voted to arrive at an estimate of the median price. That said, the price is expected to drop after this month, with a forecast of $1.17 for June.
Currently, the price of the ninth largest cryptocurrency by market capitalization is $0.81, registering a decrease of 4.19% in the last 24 hours and 11.65% in the previous seven days, according to CoinMarketCap data.
As it is, the total market value of ADA is $27.243 million.
The ADA ecosystem continues to grow
It is worth mentioning that on April 25, Cardano increased its block size by 10%, which accelerated DApp transactions and performance. This comes ahead of Vasil’s June hard fork, which aims to grow the protocol and significantly increase its transaction performance and, with it, volume and liquidity.
