Cardano (ADA) appears to be recovering quickly from recent DIP. This asset surpasses Bitcoin (BTC) on daily and weekly charts. ADA prices have increased by 3.3% on daily charts, 7.2% on weekly charts, 3.6% on 14-day charts, and 17.3% since March 2024. Despite the rally, ADA prices fell 2.9% the previous month.
Also Read: Cardano Forecast: AI Sets ADA Prices on March 31, 2025
Cryptocurrency recovery in the ease of tariffs
The crypto market appears to be recovering from recent revisions. The market revival comes after the US announced it would ease tariffs. The market was a hit after the US announced tariffs on Canada, Mexico and the European Union (EU). Cardano (ADA) and other crypto assets faced the brunt of the problem.
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The ADA recovery could be due to hiking at interest rates suspended by the Fed. Inflation in the US is also slowly cooling down. The Fed was able to quickly announce interest rate cuts. This move could lead to increased investments in dangerous assets such as cryptocurrencies.
Can Cardano hit $1 this week?
According to Concodex, the ADA prices will rise to a high of $0.78 this week. The platform doesn’t expect assets to break the $1 mark anytime soon. According to Concodex estimates, the ADA could reach the $1 mark by May 15th.
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It is also possible that Cardano (ADA) will continue to meet in the coming weeks. The ADA could break the $1 mark faster than forecast if the Fed announces interest rate cuts. Macroeconomic factors are likely to arise about how assets will function in the coming days.
(TagStoTRASSLATE) Cardano
