Cardano has made so much headlines as accomplishing many recent updates on their roadmap have helped ADA reach the third-largest cryptocurrency by market capitalization.In addition to strong fundamentals, Cardano (ADA) has an interesting technical formation that signals an upcoming price movement. There are high expectations of the community for the price of $3. The question is not IF, but rather WHEN will Cardano (ADA) reach $3?Is Cardano (ADA) a Good Investment?Cardano holders have made huge profits since the beginning of 2021. In fact, the value of the token has increased from $0.15 to $1.70. This is +800% returns that are more than traditional shares and many cryptos. In that sense, Cardano is a great investment.To assess whether Cardano is a good investment today, we need to understand its current price, the schedule of upcoming projects, and what\u2019s happening in ADA community.Cardano Price Forecast-short-term goal of $2In the last 24 hours, ADA has managed to jump 6%, while its competitors such as XRP and XLM have fallen almost 4%. In the medium term, the ADA is still in an uptrend. In the figure below, we can clearly see how prices have been steadily rising.ADA prices are a bit too high so you can expect a slight correction in the short term, especially before reaching the $2 price mark. This target price is expected to be reached around July 2021.When will Cardano Reach $3?Many people expect the ADA to reach the price of $3. This will lead to a market capitalization of about $96 billion.To achieve target of a $96 Billion marketcap, ADA has to bring innovations, new partnerships, institution investors, and ADA team has been successfully doing this. ADA team is busy bringing many new features that will certainly increase the price of ADA above $3.The Cardano blockchain development team has\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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