Cardano (ADA), as it appears, is one of the altcoins which have failed to capitalize on the short-lived rally of the crypto market to once again push its overall valuation to above $1 trillion. In fact, the cryptocurrency was surpassed by Dogecoin in terms of market capitalization as ADA now ranks 9th in that particular list having a total cap of $14.30 billion. At press time, according the data from Coingecko, the asset is trading at $0.4101 and is up by 5% over the last seven days and by 20.1% for the past two weeks. However, one glaring problem with Cardano right now is its 6.1% decline on its month-to-date performance. One month ago, ADA was trading at $0.4316. Related Reading: Why Monero Is Struggling To Crack This Resistance Level Since September Prediction Algorithm Gives Cardano A Bullish Forecast As the crypto space hasn’t been severely impacted by the Federal Reserves’ recently implemented interest hike, ADA might just have enough breathing room to gain composure and finally push its price to higher levels. This sentiment is reinforced by the prediction of the PyTorch-based algorithm of NeuralProphet which states that Cardano will hit the $0.57 marker by the end of this month. The system, which uses an open-source machine learning framework, has proven its ability to make fairly accurate predictions of future values for the period of July 31, 2021 to December 31, 2022. If this forecast comes true, it would mean a jum...
