Cardano Blockchain’s native cryptocurrency ADA is currently marking its $0.67 mark on Thursday, at around 0.67. Major altcoins have skyrocketed nearly 12% over the past seven days, attracting positive sentiments on the charts. Investors who won the entry position last week made decent profits as their digital assets surged double digits in the short term.
Will Cardano ADA be able to continue positive momentum at the index for the next five days and generate decent profits? This article highlights weekly short-term price forecasts for major Altcoins. This article will help you understand whether you can benefit from obtaining an entry position in major Altcoin.
Cardano (ADA) Short-term price forecast
Leading on-chain metrics and price forecasting company Cincodex predicts Cardano’s ADA will leave more steam in the short term. According to the latest price forecast, Cardano’s ADA could skyrocket around 6% from its current price of $0.67. Altcoin’s short-term price target is projected to reach between $0.71 and $0.72 over the next five days.
So, if the forecast turns out to be accurate, Cardano’s $1,000 investment in the ADA could be $1,050 over the next five days. The estimates show that Altcoin can fully carry on its positive momentum through next week and generate more profits. We recommend that you acquire a short-term entry position in cryptocurrency for the next 5 days.
If the forecasts were accurate, Cardano’s ADA would have skyrocketed by almost 17% over the past three weeks. In the short term, this is a great return in the short term, as there are very few investments that will bring double digit returns in the short term. Ongoing volatility in the market makes it more difficult to generate money by surge in investments. Read here to see how Ripple’s XRP surges on the charts and whether or not you should invest in it.
