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Cardano: AI-Based Price Prediction Model Expects $ADA to Reach $2.90 by September

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An artificial intelligence-based price prediction model is suggesting that the price of Cardano’s native token $ADA is going to surge to trade at $2.9 by September of this year, representing a 530% increase from the cryptocurrency’s current price.

Göre SinirselPeygamber PyTorch-based price prediction algorithm, which uses an open-source machine learning framework, Cardano’s price could surge to $2.9 by September, before plunging to end the year trading at around $1.11. The $1.11 mark, it’s worth noting, still represents a 140% rise from ADA’s current $0.46 price tag.

Kaynak: Cardano Blockchain Insights

The price prediction model, first reported by Finbold, uses data from 2017 and AI technology to determine where the cryptocurrency’s price is growing. The mode delivered somewhat accurate predictions from February 2021 until May 2022, when the Terra ecosystem collapsed and the crypto market entered a bear market.

Karşılaştırıldığında, kripto para birimi topluluğu CoinMarketCap aracılığıyla şunları elde etti: tahmin ADA'nın ağustos sonunda 0.78 dolardan, yıl sonunda ise 0.457 dolardan işlem göreceğini söyledi. Topluluğun kısa vadeli yükseliş eğilimi muhtemelen ağın yaklaşmakta olan Vasil hard forku ile ilgili.

Hard fork’un şunları sunması bekleniyor:büyük performans iyileştirme” to the cryptocurrency’s network. The hard fork is a major upgrade that will involve four Cardano Improvement Proposals (CIPs). IT was delayed until bu ayın sonunda Arkasındaki ekip Terra çöktükten sonra daha dikkatli olmaya karar verdi.

As CryptoGlobe reported, development activity on the Cardano network, which tracks “the number of GitHub events that the project organization generated” has diğer büyük kripto para birimlerini geride bıraktı, including Ethereum ($ETH) and Solana ($SOL).

Institutional investors have, over the past week, been betting on ADA and ETH, which along with cryptocurrency investment products shorting BTC saw positive inflows. These inflows came during a week in which digital asset investment products saw outflows totaling $423 million, the largest since records began “by a wide margin.”

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