Cardano Price Analysis: ADA’s Bullish Surge Continues Amid Crypto Rally

*Cardano has been on an impressive upward trajectory over the past few months, showcasing a robust bullish trend in the cryptocurrency market. Since February, the value of ADA has seen a noteworthy increase, emphasizing the cryptocurrency’s strong growth path. Currently, Cardano’s price is observed at $0.7343, experiencing a modest decline of just over 0.16% within 24 hours.  

Despite a strong start in March, Cardano’s momentum has seen a slight deceleration in recent days. There is a looming threat of a correction that might erase a significant portion of its recent gains. Throughout the past week, ADA’s price fluctuation between $0.65 and $0.78 illustrates an ascending pattern, culminating in a surge of more than 10%.  

The broader cryptocurrency market is witnessing a notable rally, with Bitcoin (BTC) trading above $66,000 in anticipation of the upcoming Bitcoin halving event. Similarly, Ethereum has broken past the $3,900 mark. These movements have provided additional momentum to other digital currencies, including Cardano.  

Cardano maintains its status among the top ten cryptocurrencies, with a market capitalization of $26 billion. However, ADA’s trading volume has seen a decrease of more than 10% in the last 24 hours, totaling $808 million. The circulating supply of ADA coins stands at 35,490,376,377, with a maximum supply cap of 45,000,000,000 ADA coins.  

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Top Performing Coins 03/04/2024

01- BONK
02- QTUM
03- PEPE
04- SHIB
05- OM

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🚀 First gold ETF took 2 years to hit $10B, this Bitcoin ETF did it in 2 months 🚀

BlackRock’s iShares Bitcoin Trust (IBIT) has amassed $10 billion in assets under management in just seven weeks.

✅ BlackRock’s iShares Bitcoin Trust (IBIT) has crossed $10 billion in assets under management (AUM) in just over seven weeks — a figure that took the first U.S. gold-backed ETF more than two years to achieve.

As of March 1, BlackRock’s Bitcoin ETF reached $10 billion in AUM — around 39 trading days since launch.

💰 On the other hand, the United States’ first gold ETF — SPDR Gold Shares (GLD) — took more than two years to do the same following its launch in 2004, according to the Zero Hedge finance blog.

Crypto market nears record high as experts make 2024 predictions.

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Bitcoin is once again on the ascendency, rising more than 20 per cent over the last week to take it close to its all-time high.

Reaching above $63,000 on Thursday, the world’s leading cryptocurrency is now less than $6,000 away from the record price it hit in November 2021.

Other leading cryptocurrencies, including Ethereum (ETH), Cardano (ADA), Solana (SOL) and Dogecoin (DOGE) have also experienced huge gains in recent days, pushing the overall crypto market cap above $2.3 trillion.

Some market analysts predict that a new record high for the world’s leading cryptocurrency is imminent, while others warn that a significant correction may follow the latest price surge.

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24H Liquidation Hits Out $800M+. In this there's both side market played out, liquidating longs too which entered in #FOMO. $BTC $ETH $BNB

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signal

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MarketOrder
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#BTC Moving like an ALT. But will dump very soon.
But may be It’s go to 65K to get liquidity before it falls. Always manage your Risk 👍

Remember one thing, BTC Will dump at least 55K 😉
But time is the only problem!

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📁 Morning market conditions:

The market is sideways today, some alts are green, some are red.

BTC 💰 is now trading around $57,170,
ETH 💰 is trading above $3,260

Bitcoin dominance: 49.93%;
Fear and Greed Index: 78 (extreme greed);
Altseason Index: 57;
Market capitalization: $2.25 trillion

📈

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signal

SOLUSDT.P, price = 107.148  Long NOW

MarketOrder

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TP 1 - 20% ROE

TP 2 - 50% ROE

TP 3 - 75% ROE

TP 4 - 100% ROE

SL - -70% ROE

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Bitcoin Shorts Lose $150M as BTC Poised for ‘Tremendous Upside’

* A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.

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