Cardano Price Forecast as Analyst Predicts ADA Could Reach $2.90 Amid 3X Network Growth

Cardano (ADA) price is experiencing a slight increase amid a surge in network activity and DEX volumes, which have tripled in two days. An analyst predicts ADA could reach $2.90, representing a 14x gain from its current price, believing the crypto asset has bottomed out despite ongoing interest rate hike concerns. The network's DeFi TVL has also risen, further indicating growing activity.