The Cardano (ADA) market has witnessed immense volatility over the past couple of months. Despite bullish news flowing through the ADA market, the asset has failed to retain itself above the $1 mark. The altcoin surged all the way to a high of $1.12 earlier this month. Despite this, ADA’s monthly price change stands at a negative 4.20%. Amidst this, the community was seen looking forward to how the altcoin could end March. While some were certain that the asset would continue its downtrend, a few others positive that ADA could flip the switch.
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Looking Into Cardano’s Latest Uptick
While most assets were still drowning in the Red Sea, Cardano was among the very few that were pocketing gains. Throughout the past 24 hours, the asset recorded a 2.61% rise. At the time of writing, ADA was trading at $0.7462. It should be noted that the altcoin dropped to a low of $0.7222 before rising to its current level.
Despite its rise to $1.32 during the last few months of 2024, Cardano remains significantly below its all-time high. ADA hit a high of $3.10 about four years ago. The asset is currently trading 75% below this peak. While the community was sure that ADA would rise to this milestone in 2025, the altcoin seems to be taking it rather slow.
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March 31 Price Prediction
According to data from CoinCodex, Cardano is set to end the month on a good note. While ADA recorded a monthly drop of 3.62%, hope was still restored in the market. The firm revealed that the altcoin will record a 2.20% rise from its current price and reach $0.767612. This spike will certainly come as a major respite for the ADA market that has been living in a rut.
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