cardano

Looking for hidden gems in the crypto market? These major players are still trading below their peak prices — which means opportunity might be knocking.

Here’s the breakdown:
Chainlink (LINK) – Current: $24.23 | At ATHCardano (ADA) – Current: $0.94 | ATH: $3.10
Ripple (XRP) – Current: $0.95 | ATH: $3.34Ethereum (ETH) – Current: $3,191 | ATH: $3,965Avalanche (AVAX) – Current: $34 | ATH: $34.50NEAR Protocol (NEAR) – Current: $4.61 | ATH: $25.11
With the market heating up, these coins might be ready to make a comeback. Are you watching any of them closely?
DYOR (Do Your Own Research) and keep an eye on those resistance levels!
$LINK
$NEAR
$AVAX

#Crypto #Altcoins #Ethereum #Cardano #Ripple

One popular X user believes that $SHIB and #ADA are among the most promising cryptocurrencies.
TL;DR
Shiba Inu (#SHIB ) is gaining momentum, with analysts pointing to certain catalysts for a potential triple-digit price surge in the current cycle.
#Cardano (ADA) is described as “built to last,” with some predicting a breakout to $1.60 in the short term and possibly $3 by year-end.
SHIB Bull Run on the Way?
The popular X user Henry recently claimed to have explored more than 500 cryptocurrencies to determine which ones are the “gems with 100x potential,” and Shiba Inu (SHIB) found a spot in the prestigious club.
The analyst suggested that the “SHIB movement [has] just started,” adding that the meme coin has much more room for growth due to the increased #Shibarium adoption and the aggressive token burns. Henry is not the first to predict that further advancements in the layer-2 blockchain solution could positively impact Shiba Inu’s price. Not long ago, the Bitcoin advocate Jeremie Davinci said:
“I like Shiba Inu, as you know, and I think it will do relatively well in this cycle, but it may not go as high as you expect. I think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it’s a chain that you can actually run all kinds of applications.
However, nobody is using it, and there are no applications for using your tokens on Shibarium yet. If they get that solved, Shiba Inu will go to the moon.”
Shibarium officially went live in the summer of 2023 and is specifically designed to foster the development of the meme coin’s ecosystem. Earlier this year, the total number of transactions processed on the protocol surpassed the milestone of one billion.
Henry also reminded that analysts predict a solid surge for Shiba Inu this year. The market observer shared their optimism, envisioning a “huge pump which is going to break all the past levels ATH and will be at least 790%.”
How About ADA?
Cardano’s native token was also on the list. Henry described it as the ocean: “calm, deep, and misunderstood.” However, the analyst argued that when ADA moves, it makes waves across the entire market. 
They further suggested that the asset was “built to last” and that Cardano “is shaping infrastructure.” In their view, ADA’s price is set to reach $3 later this year.
Other industry participants who recently touched upon the token’s performance and made optimistic predictions include Captain Faibik and STEPH IS CRYPTO. The former forecasted a “massive bullish rally” above $1.60 in the short term. 
The latter did not provide exact numbers, simply envisioning that ADA is about “to go parabolic.”
Buy and Trade $SHIB & $ADA here
#BinanceAlphaPoints @WISE PUMPS

The price of Cardano (ADA) rose 1.34% on May 13 and is currently at $0.821, preparing for a major breakout move to $1.137.

Bullish expectations are rising as Charles Hoskinson boldly defends the redemption mechanism, pushing ADA open interest (OI) to $987 million. As Cardano stands on the brink of a bull run, should you consider buying the altcoin?
Cardano price analysis targets $1.17.
Cardano price is up nearly 2% this week at $0.821, maintaining an uptrend after last week's 19% gain. This blocks the inverted head and shoulders breakout rally seen on the 4-hour ADA chart.


With the neckline overlapping the $0.75 zone, Cardano price action formed a bullish inverted head and shoulders pattern as marked on the technical chart.

The 49.85% breakout target is calculated by adding the depth of the pattern to the $0.75 neckline that coincides with the previous peak at $1.137.
Therefore, a $0.837 breakout could trigger the next major move for the altcoin. Notably, a minor resistance is present at $0.983, reflecting volatility near the psychological $1 mark.
Supporting the $1.17 price target, the MACD and signal lines are poised for a positive crossover to resume an uptrend.

Additionally, the Relative Strength Index (RSI) momentarily dropped to the halfway line from the overbought zone, a bearish divergence that resulted in a consolidation phase.
However, the RSI takes a V-shaped reversal from the halfway point, suggesting renewed buying pressure.

As the consolidation prolongs, the $ADA price momentum trapped could be released on either side. If the $0.75 zone breaks, the breakout thesis will be nullified, suggesting a potential 20% drop to $0.647, followed by the next support at $0.60.
Optimism Sparks as Open Interest Nears $1 Billion
With the overnight recovery in Cardano, optimism surged in $ADA futures. The OI jumps by 6.61% to reach $987 million, nearing the $1 billion milestone. Additionally, the funding rate spike to 0.0141% reveals the increased bullish activity. Hence, the derivatives traders are likely anticipating an uptrend continuation in ADA prices.

Charles Doubles Down on Off-Chain Sweep Defence For Unredeemed Vouchers
Boosting the optimism, Charles Hoskinson slams the rumors of unclaimed vouchers again. Initially, Charles explained the sweep of unredeemed Genesis UTXOs (voucher holders) as a crucial security and compliance step.

As many original voucher buyers failed to redeem $ADA , the process was moved from an “on-chain process” to an “off-chain sweep” to ensure reduced fraud risk.
Finally, Charles added that proper communication was maintained with the unredeemed voucher purchasers.

The wider community was kept out of the broadcast, as it would’ve increased the risk of scammers targeting the buyers. The bold and logical move was part of the Shelley upgrade.

#ADA #ADABullish #Cardano #CardanoSurge #AltcoinSeasonLoading