- ADA’s price has risen 1.33% over the last 24 hours.
- The altcoin has strengthened against BTC and ETH.
- Technical indicators suggest that ADA’s price may drop in the next 24-48 hours.
Cardano is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Ethereum are limited by the infrastructure burden of growing costs, energy use, and slow transaction times.
| Instrument | Direction | Probability (%) | Date Range |
| ADAUSD | STAY IN CASH | 45.97 | 2023-01-24, 02:00:00 – 2023-01-26, 02:00:00 |
GRW Market Analysis Software signals XRP as a buy (Source: GRWCoin)
The GRW Market Analysis Software has signaled that it may be best to not enter into a trade in ADA in the next 48 hours in the date range (2023-01-24, 02:00:00 GMT + 2 – 2023-01-26, 02:00:00 GMT + 2).
The support levels for ADA/USD identified by the GRW Market Analysis Software are $0.36796667 (first support), $0.36093333 (second support), and $0.353066 ...
The post Cardano (ADA) Price Prediction: What to Expect in the Next 48 Hours appeared first on Coin Edition.