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Cardano (ADA) Price Prediction: July End 2024
Also Read: Cardano: When Will ADA Reach $10? Timeline Revealed
![Cardano (ADA) Price Prediction: July End 2024 Cardano (ADA) Price Prediction: July End 2024](https://watcher.guru/news/wp-content/uploads/2024/07/Screenshot-2024-07-23-at-3.09.48 PM.png)
Also Read: Cardano Uptrend: Will ADA Break the $0.4233 Resistance?
Despite the lack of any forward price movements, ADA’s Total Value Locked (TVL) has witnessed a significant surge, rising by 38% from $172.78 million to $238.5 million. The increase could represent a rise in the use of ADA-based applications.
Cardano price prediction for July end 2024
![Cardano ADA](https://watcher.guru/news/wp-content/uploads/2023/12/carteiras-para-ada-cardano-como-escolher-e-7-opcoes-de-carteiras-2.jpg)
According to the analysts at CoinCodex, ADA will continue to trade at around current levels for the rest of the month, signaling a consolidation phase for the asset. The platform predicts ADA to trade at $0.40 on July 31, 2024. Reaching $0.40 from current price levels would translate to a dip of about 4.76%.
Also Read: Cardano: $10 Price Echoes As ADA Looks To Embrace Chang Hard Fork
Changelly also paints a similar picture for Cardano for the remainder of this month. Changelly analysts anticipate ADA to trade at $0.412890 on July 29, 2024, a 2.38% dip from current levels.
Also Read: Ripple (XRP) & Cardano ETF Are Not Likely Now, New Data Shows
There is a possibility that ADA will turn bullish, fuelled by the Ethereum (ETH) ETF launch. The US SEC has approved the ETH ETF to begin trading today, which could lead to a market-wide rally. The launch of the Bitcoin (BTC) ETFs earlier this year led to BTC hitting a new all-time high and also led to other assets witnessing massive inflows. We may see a similar pattern emerge with the ETH ETFs as well.
Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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