Wednesday, May 29, 2024
HomeCryptocurrencyHistorically Accurate Model Predicts Cardano (ADA) Would Reach $3.60 by March 2022

Historically Accurate Model Predicts Cardano (ADA) Would Reach $3.60 by March 2022

A NeuralProphet’s PyTorc-based price prediction model, which has been historically accurate, has predicted that Cardano (ADA) would surge to hit $3.60 by 1st March and $4.01 by 5th May 2022

The algorithm is also known as a hybrid forecasting framework trained with standard deep learning methods. The price prediction covers each day, from 1st July 2021 to 1st July 2022.

Read Also: Cardano-Based DEX SundaeSwap to Launch on Mainnet Soon. What to Expect After Launch

Historically Accurate Model Predicts Cardano (ADA) Would Reach $3.60 by March 2022

Though it’s not a perfectly accurate indicator of future prices, it’s a bold prediction since the trend of the anticipated price wave has similarly tracked the fluctuations of the actual price of the digital token ADA, including the recent bottom of the cryptocurrency.

Historically, the predictions of the algorithm have been relatively accurate. At the time of writing, ADA is trading at $1.28, with an 8% price uptrend in the last 24 hours.

Read Also: IOG: Multiple DeFi and DApp Projects Are Currently Being Tested for Deployment on Cardano

Cardano Surpasses Goal of 1 Million Planted Trees

An effort to plant different species of trees native to areas across different parts of Madagascar, Indonesia, Nepal, Kenya, Senegal, and Haiti launched by Cardano has attained its initial goal of 1 million trees.

According to Frederik Gregaard, CEO of the Cardano Foundation, in a series of tweets, the initiative is now fully funded and Cardano Community is the strength behind the success. He added that Cardano’s quest to become a leader in climate impact is now becoming a reality with this achievement.

Frederik Gregaard noted:

“What an achievement! The #CardanoForest is 100% funded, we’ve reached the 1 million trees milestone. The success of this first Cardano Global Impact Challenge for the Cardano Ecosystem truly shows the power of our community.

“We are striving to position Cardano as a leader in climate impact and this is only possible because of the Global Cardano Community; our incredible team here at Cardano Foundation; the industry group, Climate Neutral Cardano; and our partnership with Veritree. Together we all share a mission to see Cardano deliver as a blockchain for good.

Read Also: Cardano Founder Is Passionate about Fixing Decentralized Finance (DeFi) Sector


“The #CardanoForest will support land restoration and local ecosystem development activities in Mombasa, Kenya. All trees planted will be recorded on the Cardano blockchain for enhanced transparency and serve as public proof of land restoration activities.

“Above all, this represents a cornerstone of what it means to build and utilize a global financial and social operating system. The #CardanoForest is merely the MVP to showcase how SDG reporting can be transparent with blockchain technology.

Follow us on Twitter, Facebook, and Telegram

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Latest News & Articles