Cardano (ADA) remains one of the largest cryptocurrencies by market cap, but the digital asset’s decline from its all-time high back in 2021 has left in its wake a lot of bearish sentiment. These sentiments have not seemed to change even through the numerous recoveries that have been recorded by the digital asset. Even now, investors do not look favorably upon the digital asset as they do not expect any significant growth from the digital asset. Investors Say $0.6 For ADA In September The “Price Estimates” feature that was introduced by Coinmarketcap allows investors to be able to enter their price predictions for a cryptocurrency and the tool then takes an average of these predictions. ADA is one of the cryptocurrencies that has seen a lot of interest when it comes to this feature, attracting more than 14,000 estimates in the month of September alone. But even such interest has had no positive bearing on the expected movement of the asset for the month. Related Reading: Solana Nears 100 Billion Transaction Milestone As Price Aims For $40 The average of the submitted estimates shows that investors expect the price of the digital asset to top out at $0.61 by the time the month of September elapses. This same sentiment is carried throughout the estimates for the next six months, which gets significantly worse as time goes on. Cardano set at $0.5 | Source: ADAUSD on TradingView.com For the longer term, investors expect the d...
