Cardano (ADA) has shown a strong upward trend. The price has gone up by 8.36% in the last few days and the new price stands at $0.8970. This price action is based on the consistent rise from $0.8288 on September 6th to the current high, indicating that investors have confidence in the asset. The market cap of Cardano is currently at $32.09 billion and the 24-hour trading volume has increased by 21.33%, which is a high indicator of market participation. As more technological advances like better smart contracts and the maturing of the DeFi ecosystem occur, the price of Cardano is set to increase further. The scarcity factor will probably cause its value to grow as more tokens are emitted out of its total supply of 45 billion ADA, particularly when it can overcome the resistance point of $0.90. Most analysts are speculating that Cardano may reach $1.00 in the short run, a 10x increase in value among the early investors.