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Cardano Ecosystem Will Now Have Huawei’s Cloud Infrastructure
The Cardano (ADA) community is electrified with the recent announcement from Emurgo, one of Cardano blockchain’s founding partners, about their new partnership aimed at integrating Huawei’s cloud infrastructure into the Cardano ecosystem.
This development has been met with great enthusiasm within the cryptocurrency community, generating a highly positive outlook. Many are expecting this to significantly boost Cardano’s adoption and utility. A prominent Cardano-focused account on X, known as Cardano Whale, expressed excitement about this new collaboration.
“This partnership will bring Huawei’s cloud infrastructure into the Cardano ecosystem” https://t.co/ANDboLfMKs
— ADA whale (@cardano_whale) April 11, 2024
Developers Will Be Able To Use Web3 Solutions On The Cardano Ecosystem
The collaboration between Emurgo and Huawei Cloud, a leading global cloud computing company, will bring significant advancements to the Cardano ecosystem by integrating Huawei’s cloud infrastructure. This integration will enable developers to create Web3 solutions on Cardano, enhancing its growth and adoption across the Asia-Pacific and Africa regions.
Additionally, the partnership is set to enhance the scalability and interoperability of Cardano’s cloud services. Access to Huawei’s Marketplace, which is accessed by numerous prominent organizations, will further expand Cardano’s Web3 outreach.
Crypto Analysts Think Cardano’s Price Is Exactly Where It Should Be
This achievement marks the initial step towards an expanded partnership between Emurgo and Huawei, aimed at fostering commercial adoption through various means such as validator nodes, events, and technological collaborations.
As anticipation grows within the Cardano community for more specifics and developments regarding the integration with Huawei’s cloud infrastructure, there is increasing enthusiasm about the potential advantages and prospects this collaboration could yield.
Currently, ADA has seen a 1.23% increase in its value over the past 24 hours, reaching $0.584. According to crypto analysts, Cardano’s price dynamics remain stable, with ADA continuing to consolidate within the $0.55–$0.80 range, positioning it for a potential breakout to $1.70.
Emurgo’s CEO Talks About The Future Of Web3
Ken Kodama, CEO of EMURGO, underscored the importance of their new partnership, stating that it aligns with the goal of expediting Web3 adoption and enhancing transparency and trust within the cloud ecosystem.
He stated that the collaboration embodies their collective aim to fast-track Web3 integration, promoting transparency and reliability in the cloud environment.
Rex Lei Yang, Managing Director of Huawei Cloud Singapore, echoed Kodama’s views, emphasizing that the alliance could link Huawei Cloud to a broad network of Web3 developers through the Cardano.
As a key founding member of the Cardano protocol, EMURGO is instrumental in driving commercial opportunities within the Cardano ecosystem. Founded in Japan in 2015, EMURGO supports the growth and achievement of Cardano’s full potential through strategic alliances, educational efforts, investments, and infrastructure enhancements.
Industry experts believe that the new collaboration between EMURGO and Huawei Cloud will significantly contribute to broadening Cardano’s influence in crucial regional markets across the Asia Pacific and Africa. This expansion is vital for Cardano’s mission to transform the Web3 domain.
The post Cardano Ecosystem Will Now Have Huawei’s Cloud Infrastructure appeared first on Coinfomania.
This development has been met with great enthusiasm within the cryptocurrency community, generating a highly positive outlook. Many are expecting this to significantly boost Cardano’s adoption and utility. A prominent Cardano-focused account on X, known as Cardano Whale, expressed excitement about this new collaboration.
“This partnership will bring Huawei’s cloud infrastructure into the Cardano ecosystem” https://t.co/ANDboLfMKs
— ADA whale (@cardano_whale) April 11, 2024
Developers Will Be Able To Use Web3 Solutions On The Cardano Ecosystem
The collaboration between Emurgo and Huawei Cloud, a leading global cloud computing company, will bring significant advancements to the Cardano ecosystem by integrating Huawei’s cloud infrastructure. This integration will enable developers to create Web3 solutions on Cardano, enhancing its growth and adoption across the Asia-Pacific and Africa regions.
Additionally, the partnership is set to enhance the scalability and interoperability of Cardano’s cloud services. Access to Huawei’s Marketplace, which is accessed by numerous prominent organizations, will further expand Cardano’s Web3 outreach.
Crypto Analysts Think Cardano’s Price Is Exactly Where It Should Be
This achievement marks the initial step towards an expanded partnership between Emurgo and Huawei, aimed at fostering commercial adoption through various means such as validator nodes, events, and technological collaborations.
As anticipation grows within the Cardano community for more specifics and developments regarding the integration with Huawei’s cloud infrastructure, there is increasing enthusiasm about the potential advantages and prospects this collaboration could yield.
Currently, ADA has seen a 1.23% increase in its value over the past 24 hours, reaching $0.584. According to crypto analysts, Cardano’s price dynamics remain stable, with ADA continuing to consolidate within the $0.55–$0.80 range, positioning it for a potential breakout to $1.70.
Emurgo’s CEO Talks About The Future Of Web3
Ken Kodama, CEO of EMURGO, underscored the importance of their new partnership, stating that it aligns with the goal of expediting Web3 adoption and enhancing transparency and trust within the cloud ecosystem.
He stated that the collaboration embodies their collective aim to fast-track Web3 integration, promoting transparency and reliability in the cloud environment.
Rex Lei Yang, Managing Director of Huawei Cloud Singapore, echoed Kodama’s views, emphasizing that the alliance could link Huawei Cloud to a broad network of Web3 developers through the Cardano.
As a key founding member of the Cardano protocol, EMURGO is instrumental in driving commercial opportunities within the Cardano ecosystem. Founded in Japan in 2015, EMURGO supports the growth and achievement of Cardano’s full potential through strategic alliances, educational efforts, investments, and infrastructure enhancements.
Industry experts believe that the new collaboration between EMURGO and Huawei Cloud will significantly contribute to broadening Cardano’s influence in crucial regional markets across the Asia Pacific and Africa. This expansion is vital for Cardano’s mission to transform the Web3 domain.
The post Cardano Ecosystem Will Now Have Huawei’s Cloud Infrastructure appeared first on Coinfomania.
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"Huawei Cloud and Cardano Unite: Powering Explosive Web3 Growth Across Asia and Africa!"
The Cardano ecosystem has welcomed Huawei Cloud, one of the largest cloud computing firms globally, to broaden the reach of the Cardano network.
Read more on: https://thecryptobasic.com/2024/04/11/huawei-cloud-joins-cardano-ecosystem-to-scale-web3-solution-in-asia-africa/
#CardanoEcoSystem #Crypto #CryptoNewssCommunity
Read more on: https://thecryptobasic.com/2024/04/11/huawei-cloud-joins-cardano-ecosystem-to-scale-web3-solution-in-asia-africa/
#CardanoEcoSystem #Crypto #CryptoNewssCommunity
#ADA $ADA
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The Crypto Basic
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"Cardano Bullish Scenarios with $7.7 and $9.7 Price Targets - Seize the Opportunity!"
Chris, co-founder of Cardano Ghost Fund, recently presented two possible price scenarios that ADA could take during the ongoing bull season, with targets of $7.77 and $9.71.
Read more on: https://thecryptobasic.com/2024/04/08/analyst-outlines-2-cardano-price-scenarios-targeting-7-7-and-9-7/
#Cardano #Crypto #CryptoNewssCommunity
Read more on: https://thecryptobasic.com/2024/04/08/analyst-outlines-2-cardano-price-scenarios-targeting-7-7-and-9-7/
#Cardano #Crypto #CryptoNewssCommunity
Lets go cardanoo #ADA/USD $ADA
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Elon Musk Shows Interest in Cardano, Dogecoin Predicted to Surge
According to U.Today, tech centibillionaire Elon Musk has recently shown signs of interest in Cardano and its native coin, ADA. User @CardanoFeed tweeted a screenshot showing that Musk now follows his ADA news handle, welcoming him aboard. This comes as a surprise, as Musk is a firm supporter of Dogecoin and has often talked about Bitcoin. In 2021, Tesla acquired $1.5 billion worth of Bitcoin, pushing it to an all-time high in April that year. Tesla also accepted Bitcoin for a few months until Musk shut it down over controversial environmental concerns regarding Bitcoin mining.
However, in the comments thread, user @CryptoIRELAND1 hinted that this might be an April Fool's joke. Earlier, Musk tweeted that he has taken the position of chief DEI officer at Disney, which was also an April Fool's prank. The crypto community supported Musk's trolling attempt and started publishing memes to stress the so-called 'woke position' of Disney, Netflix, and other giants from various business areas when it comes to social policy in various spheres of life.
In other news, according to a recent tweet by crypto analyst Ali Martinez, Elon Musk's favorite cryptocurrency, Dogecoin, currently mirrors the pattern it followed between 2018 and 2021. In 2021, the original meme coin reached an all-time high, hitting $0.7376 on May 8. This historic peak was reached on the back of the Bitcoin ATH reached in April that year and due to Musk endorsing Dogecoin on the SNL show when he debuted. Now, Martinez believes that if Dogecoin is indeed following the same pattern, it could be in for a 'massive parabolic bull run!'
However, in the comments thread, user @CryptoIRELAND1 hinted that this might be an April Fool's joke. Earlier, Musk tweeted that he has taken the position of chief DEI officer at Disney, which was also an April Fool's prank. The crypto community supported Musk's trolling attempt and started publishing memes to stress the so-called 'woke position' of Disney, Netflix, and other giants from various business areas when it comes to social policy in various spheres of life.
In other news, according to a recent tweet by crypto analyst Ali Martinez, Elon Musk's favorite cryptocurrency, Dogecoin, currently mirrors the pattern it followed between 2018 and 2021. In 2021, the original meme coin reached an all-time high, hitting $0.7376 on May 8. This historic peak was reached on the back of the Bitcoin ATH reached in April that year and due to Musk endorsing Dogecoin on the SNL show when he debuted. Now, Martinez believes that if Dogecoin is indeed following the same pattern, it could be in for a 'massive parabolic bull run!'
Damn good volume increase #Memecoins #ADA
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¡Cardano (ADA) Eleva su Volumen de Transacciones en un 108,20%!
El criptoactivo Cardano (ADA) ha dado un paso gigante en el ámbito financiero al registrar un impresionante aumento del 108,20% en su volumen de operaciones en las últimas 24 horas, alcanzando la destacada cifra de 623.423.286 dólares. Este significativo incremento no solo refleja la confianza renovada de los inversores en esta criptomoneda, sino que también señala una actividad frenética y prometedora en el mercado digital.
El vertiginoso ascenso en el volumen de operaciones de Cardano (ADA) ha captado la atención de analistas financieros y expertos en criptomonedas, quienes ven en este logro un indicador claro de la fuerza y estabilidad de esta moneda digital. Este hito marca un momento crucial para Cardano (ADA) en su camino hacia el reconocimiento y la adopción masiva dentro del mercado criptográfico.
El aumento del volumen de operaciones de Cardano (ADA) no solo es un reflejo de su fortaleza como activo digital, sino también de la confianza que los inversores depositan en su potencial a medida que el mercado criptográfico se adapta y evoluciona. Los inversores están demostrando un interés renovado en esta criptomoneda, respaldando su potencial de crecimiento y consolidación en el ecosistema financiero digital.
Este crecimiento explosivo en el volumen de operaciones de Cardano (ADA) también puede interpretarse como una respuesta a las condiciones económicas y geopolíticas actuales, donde los inversores buscan activos seguros y alternativas de inversión que ofrezcan potencial de retorno. En este sentido, Cardano (ADA) emerge como una opción a considerar dentro de un panorama diversificado de criptomonedas.
El incremento del 108,20% en el volumen de operaciones de Cardano (ADA) resalta su posición como un activo dinámico y atractivo en el mercado de criptomonedas. Los inversores y entusiastas del mundo digital continúan mostrando interés en esta criptomoneda, respaldando su potencial de crecimiento y consolidación en el futuro cercano.
https://tradingdifferent.com/code/4vh7NKsC
Descargo de responsabilidad: La información presentada no constituye asesoramiento financiero, de inversión, comercial u otro tipo y es únicamente la opinión del escritor, Las imágenes son solo con fines ilustrativos y no deben usarse para la toma de decisiones importantes. Al usar este sitio, acepta que no somos responsables de pérdidas, daños o lesiones derivadas del uso o interpretación de la información o imágenes.
El vertiginoso ascenso en el volumen de operaciones de Cardano (ADA) ha captado la atención de analistas financieros y expertos en criptomonedas, quienes ven en este logro un indicador claro de la fuerza y estabilidad de esta moneda digital. Este hito marca un momento crucial para Cardano (ADA) en su camino hacia el reconocimiento y la adopción masiva dentro del mercado criptográfico.
El aumento del volumen de operaciones de Cardano (ADA) no solo es un reflejo de su fortaleza como activo digital, sino también de la confianza que los inversores depositan en su potencial a medida que el mercado criptográfico se adapta y evoluciona. Los inversores están demostrando un interés renovado en esta criptomoneda, respaldando su potencial de crecimiento y consolidación en el ecosistema financiero digital.
Este crecimiento explosivo en el volumen de operaciones de Cardano (ADA) también puede interpretarse como una respuesta a las condiciones económicas y geopolíticas actuales, donde los inversores buscan activos seguros y alternativas de inversión que ofrezcan potencial de retorno. En este sentido, Cardano (ADA) emerge como una opción a considerar dentro de un panorama diversificado de criptomonedas.
El incremento del 108,20% en el volumen de operaciones de Cardano (ADA) resalta su posición como un activo dinámico y atractivo en el mercado de criptomonedas. Los inversores y entusiastas del mundo digital continúan mostrando interés en esta criptomoneda, respaldando su potencial de crecimiento y consolidación en el futuro cercano.
https://tradingdifferent.com/code/4vh7NKsC
Descargo de responsabilidad: La información presentada no constituye asesoramiento financiero, de inversión, comercial u otro tipo y es únicamente la opinión del escritor, Las imágenes son solo con fines ilustrativos y no deben usarse para la toma de decisiones importantes. Al usar este sitio, acepta que no somos responsables de pérdidas, daños o lesiones derivadas del uso o interpretación de la información o imágenes.
Damn rightt $ADA
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AI predicts Cardano price for end of 2024
With the majority of assets in the cryptocurrency sector slowing down and reversing their gains from the previous several weeks, things do not look very optimistic for Cardano (ADA) in the short term, but artificial intelligence (AI) algorithms remain bullish regarding its price trends in 2024.
As it happens, Cardano is currently recording losses on multiple charts, although it has managed to increase its price from the year’s turn and defeat Avalanche (AVAX) in the battle for the position of the eighth-largest crypto asset by market capitalization, and AI forecasting algorithms predict further improvement.
Cardano price prediction 2024
So, when will Cardano explode? According to the advanced AI algorithm’s projections, which rely on historical ADA trends, technical analysis (TA) indicators, chart patterns, and related developments, Cardano could hit the price of $3.01 by December 31, 2024, suggesting an explosion of 396.52%.
At the same time, machine learning platform CoinPriceForecast offers a somewhat more bearish prognosis for Cardano, predicting it would hit $1.26 by (+107.85%) the end of 2024, with Cardano price prediction 2025 seeing it reach $1.64 by mid-year, and closing it at the amount of $1.71.
Meanwhile, the fourth model of the OpenAI invention ChatGPT, called GPT-4, has set the Cardano price prediction 2024 targets at “between the current level and the optimistic $8 prediction” (+1,219.65%), adding that its bullish prognosis relates to the strength of the market’s representative, Bitcoin (BTC):
“There’s a general ascendancy in the crypto market with Bitcoin showing significant growth. This positive sentiment in the broader market could potentially benefit ADA as well.”
In the meantime, Claude 3 Opus, the latest AI model by Anthropic, has offered its own Cardano price prediction, forecasting that ADA could hit the target between $1.50 and $3.00 (up to +394.87%) toward the end of this year, as it “could experience significant growth by the end of 2024.”
Cardano price today
As of its current situation, Cardano price today sits at $0.60622, suggesting a decline of 1.15% in the last 24 hours and a loss of 15.21% across the previous seven days, adding up to the monthly drop of 3.89%, as per the most recent chart data on March 20.
It is also worth noting that crypto trading expert Ali Martinez recently observed that Cardano was mimicking its 2018-2021 pattern, which suggests a consolidation in the $0.55-$0.80 range, followed by a surge to $1.70, another period of further consolidation, and a breakout to $5.
All things considered, this crypto asset looks ready to recover and increase its value by the end of this year, but the situation in this sector can sometimes change on a whim, which is why doing one’s own research and keeping up with Cardano news is important before investing a significant sum of money in it.
$ADA #ADA #Cardano
As it happens, Cardano is currently recording losses on multiple charts, although it has managed to increase its price from the year’s turn and defeat Avalanche (AVAX) in the battle for the position of the eighth-largest crypto asset by market capitalization, and AI forecasting algorithms predict further improvement.
Cardano price prediction 2024
So, when will Cardano explode? According to the advanced AI algorithm’s projections, which rely on historical ADA trends, technical analysis (TA) indicators, chart patterns, and related developments, Cardano could hit the price of $3.01 by December 31, 2024, suggesting an explosion of 396.52%.
At the same time, machine learning platform CoinPriceForecast offers a somewhat more bearish prognosis for Cardano, predicting it would hit $1.26 by (+107.85%) the end of 2024, with Cardano price prediction 2025 seeing it reach $1.64 by mid-year, and closing it at the amount of $1.71.
Meanwhile, the fourth model of the OpenAI invention ChatGPT, called GPT-4, has set the Cardano price prediction 2024 targets at “between the current level and the optimistic $8 prediction” (+1,219.65%), adding that its bullish prognosis relates to the strength of the market’s representative, Bitcoin (BTC):
“There’s a general ascendancy in the crypto market with Bitcoin showing significant growth. This positive sentiment in the broader market could potentially benefit ADA as well.”
In the meantime, Claude 3 Opus, the latest AI model by Anthropic, has offered its own Cardano price prediction, forecasting that ADA could hit the target between $1.50 and $3.00 (up to +394.87%) toward the end of this year, as it “could experience significant growth by the end of 2024.”
Cardano price today
As of its current situation, Cardano price today sits at $0.60622, suggesting a decline of 1.15% in the last 24 hours and a loss of 15.21% across the previous seven days, adding up to the monthly drop of 3.89%, as per the most recent chart data on March 20.
It is also worth noting that crypto trading expert Ali Martinez recently observed that Cardano was mimicking its 2018-2021 pattern, which suggests a consolidation in the $0.55-$0.80 range, followed by a surge to $1.70, another period of further consolidation, and a breakout to $5.
All things considered, this crypto asset looks ready to recover and increase its value by the end of this year, but the situation in this sector can sometimes change on a whim, which is why doing one’s own research and keeping up with Cardano news is important before investing a significant sum of money in it.
$ADA #ADA #Cardano
$ADA #HotTrends Ada is the best
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Cardano's ADA Surpasses Bitcoin and Ethereum in Development Activity
According to CryptoPotato, Cardano's ADA has surpassed Bitcoin (BTC) and Ethereum (ETH) in development activity, despite a recent 20% price drop. Analysts predict a bullish future for ADA, including a potential 'parabolic' spike to $10. IntoTheBlock reports that Cardano's ADA is currently the top cryptocurrency by development activity, with the highest amount of weekly engagements. Ethereum (ETH) and Bitcoin (BTC) were placed second and fifth, respectively, while Avalanche (AVAX) is third and Litecoin (LTC) is fourth.
This is not the first time ADA has surpassed its rivals in this field. In January, the asset topped the same ranking on a monthly scale, outperforming Polkadot (DOT) and Kusama Network (KSM), which rounded up the top three list. Despite its success, ADA's price has been in the red in the past several days, plunging by 20% on a two-week basis.
However, multiple analysts have recently outlined bullish predictions for the asset, envisioning a new all-time high in the near future. One example is analyst Ali, who compared the token's performance to that of its previous bull cycle, claiming this could lead to a 'parabolic' spike to as high as $10.
This is not the first time ADA has surpassed its rivals in this field. In January, the asset topped the same ranking on a monthly scale, outperforming Polkadot (DOT) and Kusama Network (KSM), which rounded up the top three list. Despite its success, ADA's price has been in the red in the past several days, plunging by 20% on a two-week basis.
However, multiple analysts have recently outlined bullish predictions for the asset, envisioning a new all-time high in the near future. One example is analyst Ali, who compared the token's performance to that of its previous bull cycle, claiming this could lead to a 'parabolic' spike to as high as $10.
Автор мульт-серіалу Simpson повернувся з майбутнього???
Привіт моїм дивовижним друзям, та моїм найкрасивішими подругам, які сидять по ту сторону екрану телефона, комп'ютера, монітора. Ви всі в мене найкращі!!!💪🏼😉😏🥹Одного разу, на світанку, решив зайти на YouTube, подивитись якісь смішні відоси, і тут я наткнувся на одну цікаве відео, скрін прикріпив (будь ласка не звертайте увагу на строку "Now"). Як ви думаєте таке колись станеться??? ADA: 36$XRP: 589$Тим, хто сидить по ту сторону екрану телефона, комп'ютера, монітору, якщо в вас ніхто не віре, якщо думають що ви тратите свій вільний час на якісь не нужні речі, або у вас немає друзів, я буду першою людиною, хто стане вашим найкращім другом, хто підтримає вас в вашому виборі, бо ви всі для мене самі найрідніші друзі, дякую вам за це. Коли ви на мене підписуєтесь, ставите лайки, ви мене також мотивуєте писати якісь статті, або ділитись своїми думками, ще раз, дякую вам за це!! ❤️Разом до перемоги?? Разом до максимального прибутку??😉💪🏼😏🥹
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Crypto Insights on March 9
“Altcoins Are About to Explode” — Analyst Prediction For Ether, Solana, XRP, Cardano, Shiba Inu, PEPE
PlayStation Developer Sony Applies for US Patent on ‘Super-Fungible Tokens’ Aimed at Gaming
Bitcoin to Surge Beyond $90,000: Bull Pennant Formation and Rising ETF Inflows Signal Imminent Rally
Cardano May Have Just Ignited Game-On Face For ‘$10 ADA Price’ In This Super Cycle
Shiba Inu Mania: Price Surges 60% As Burn Rate Heats Up Over 22,000%
“Altcoins Are About to Explode” — Analyst Prediction For Ether, Solana, XRP, Cardano, Shiba Inu, PEPE
PlayStation Developer Sony Applies for US Patent on ‘Super-Fungible Tokens’ Aimed at Gaming
Bitcoin to Surge Beyond $90,000: Bull Pennant Formation and Rising ETF Inflows Signal Imminent Rally
Cardano May Have Just Ignited Game-On Face For ‘$10 ADA Price’ In This Super Cycle
Shiba Inu Mania: Price Surges 60% As Burn Rate Heats Up Over 22,000%
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Cardano May Have Just Ignited Game-On Face for ‘$10 ADA Price’ in This Super Cycle
As positive crowd sentiment engulfs the crypto market after Bitcoin breached the all-time high (ATH) price of $69,000, Cardano (ADA) seeks to ride on this wave by mimicking its last bull run.
Taking on X, formerly Twitter, leading market analyst Ali Martinez pointed out that if this historical pattern saw the light of day, ADA could surge to the $10 price level.
Martinez noted, “Cardano seems to be mirroring its previous bullish cycle. If this pattern continues, we could witness a brief correction before ADA goes parabolic toward $10.”
Source: Ali Martinez
Cardano hit $3 during the last cycle after surging by more than 3,200%. Therefore, if ADA follows in these footsteps, Martinez believes the $10 price threshold will be in the offing as the eighth-largest cryptocurrency will have soared by more than 2,000%.
Since Cardano has broken out of a cup & handle formation that came to light in June 2022, ADA is likely to smash the $3 price level this cycle.
Cardano Experiences Heightened Network Activity
Based on CoinGecko data, Cardano has already recorded a 47.5% monthly surge, and increased network activity has played an instrumental role in this uptrend.
Specifically, ADA has been depicting strong network engagement and increased investor interest thanks to rising transaction volume and active daily addresses.
Cardano was hovering around the $0.7 level at press time, according to CoinGecko.
Top crypto analyst Dan Garmbadello recently echoed Martinez’s sentiments that Cardano was eyeing a parabolic movement since it had broken out of a major structure.
Taking on X, formerly Twitter, leading market analyst Ali Martinez pointed out that if this historical pattern saw the light of day, ADA could surge to the $10 price level.
Martinez noted, “Cardano seems to be mirroring its previous bullish cycle. If this pattern continues, we could witness a brief correction before ADA goes parabolic toward $10.”
Source: Ali Martinez
Cardano hit $3 during the last cycle after surging by more than 3,200%. Therefore, if ADA follows in these footsteps, Martinez believes the $10 price threshold will be in the offing as the eighth-largest cryptocurrency will have soared by more than 2,000%.
Since Cardano has broken out of a cup & handle formation that came to light in June 2022, ADA is likely to smash the $3 price level this cycle.
Cardano Experiences Heightened Network Activity
Based on CoinGecko data, Cardano has already recorded a 47.5% monthly surge, and increased network activity has played an instrumental role in this uptrend.
Specifically, ADA has been depicting strong network engagement and increased investor interest thanks to rising transaction volume and active daily addresses.
Cardano was hovering around the $0.7 level at press time, according to CoinGecko.
Top crypto analyst Dan Garmbadello recently echoed Martinez’s sentiments that Cardano was eyeing a parabolic movement since it had broken out of a major structure.
$ADA history will repeat
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If History Repeats, Top Analyst Says Cardano (ADA) Is Set for $10 Rally
Cardano (ADA) has been steadily climbing with the rest of the crypto market. Although meme coins have dominated headlines with Shiba Inu (SHIB) climbing almost 300%, ADA has exhibited a more gradual yet consistent growth pattern.
ADA’s seemingly slow climb has led some investors to question its rising pace compared to the overall market rally. However, Ali Martinez (@ali_charts), a prominent crypto analyst, believes a historical parallel suggests a significant price increase for the digital asset is imminent.
Cardano is currently trading at $0.6871, and despite a notable 11% uptick in the last week, ADA remains far from its all-time high of $3.10. The asset has also dropped 2.46% over the past 24 hours, bolstering the confidence of ADA detractors and increasing uncertainty.
Ali, however, believes that ADA’s current performance aligns with its behavior during the preceding market cycle. In his recent analysis, he highlighted a specific chart pattern that preceded ADA’s explosive growth in 2021.
Cardano (ADA) Echoing Past Performance?
Ali’s chart reveals a period of consolidation between September 2018 and July 2020, which he interprets as an accumulation phase for ADA. Following this extended period, ADA broke out in July 2020, reaching a high of $0.149.
However, a minor correction ensued, bringing the price down to $0.10 by November 2020. It was after this correction that ADA embarked on a staggering 3,217% surge, culminating in its all-time high in early September 2021.
Interestingly, Ali’s analysis suggests a similar pattern unfolding for ADA in the current cycle. After the price collapsed from its all-time high, the digital asset entered a consolidation phase lasting from September 2022 to November 2023. This consolidation phase ended with a breakout in December 2023 as part of the broader market upswing.
The recent retest of $0.80 further strengthens the parallel between the two market cycles. Based on this historical comparison, the analyst anticipates a potential price correction for ADA in the near term, followed by a significant price increase.
Meanwhile, a prominent crypto founder recently revealed that ADA won’t stay under $1 for much longer, adding credence to Ali’s prediction.
Ali’s Price Target
Ali establishes an ambitious target price of $10 for Cardano (ADA). His chart shows a potential 2,084% surge from its January 2024 low of $0.448. However, a potential roadblock exists in the form of its Relative Strength Index (RSI). This technical indicator currently sits at 68 on the weekly timeframe, approaching overbought territory.
On two previous occasions, ADA faced a correction when its weekly RSI climbed above 70. However, with the ecosystem’s rapid growth and bullish signals all around, ADA could beat the decline and reach Ali’s target.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#cardano #ADA
ADA’s seemingly slow climb has led some investors to question its rising pace compared to the overall market rally. However, Ali Martinez (@ali_charts), a prominent crypto analyst, believes a historical parallel suggests a significant price increase for the digital asset is imminent.
Cardano is currently trading at $0.6871, and despite a notable 11% uptick in the last week, ADA remains far from its all-time high of $3.10. The asset has also dropped 2.46% over the past 24 hours, bolstering the confidence of ADA detractors and increasing uncertainty.
Ali, however, believes that ADA’s current performance aligns with its behavior during the preceding market cycle. In his recent analysis, he highlighted a specific chart pattern that preceded ADA’s explosive growth in 2021.
Cardano (ADA) Echoing Past Performance?
Ali’s chart reveals a period of consolidation between September 2018 and July 2020, which he interprets as an accumulation phase for ADA. Following this extended period, ADA broke out in July 2020, reaching a high of $0.149.
However, a minor correction ensued, bringing the price down to $0.10 by November 2020. It was after this correction that ADA embarked on a staggering 3,217% surge, culminating in its all-time high in early September 2021.
Interestingly, Ali’s analysis suggests a similar pattern unfolding for ADA in the current cycle. After the price collapsed from its all-time high, the digital asset entered a consolidation phase lasting from September 2022 to November 2023. This consolidation phase ended with a breakout in December 2023 as part of the broader market upswing.
The recent retest of $0.80 further strengthens the parallel between the two market cycles. Based on this historical comparison, the analyst anticipates a potential price correction for ADA in the near term, followed by a significant price increase.
Meanwhile, a prominent crypto founder recently revealed that ADA won’t stay under $1 for much longer, adding credence to Ali’s prediction.
Ali’s Price Target
Ali establishes an ambitious target price of $10 for Cardano (ADA). His chart shows a potential 2,084% surge from its January 2024 low of $0.448. However, a potential roadblock exists in the form of its Relative Strength Index (RSI). This technical indicator currently sits at 68 on the weekly timeframe, approaching overbought territory.
On two previous occasions, ADA faced a correction when its weekly RSI climbed above 70. However, with the ecosystem’s rapid growth and bullish signals all around, ADA could beat the decline and reach Ali’s target.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#cardano #ADA
$ADA yepp
This is an example of my considerations before making a trading decision. It's not as simple as pressing the buy or sell button!
I've never entered the market because a coin was pumping. I entered the market before they even did any of that!
Because even big professional players don't gamble in the market, they will carry out a thorough analysis both fundamentally and technically before making a decision. They will buy gradually (accumulation) and sell also gradually (distribution). Because that's the only way they can make optimal profits without damaging the market.
Only amateurs with large capital do pumps and dumps haphazardly, they will profit several times, but they will not last until the end because they are just gamblers who moved from casinos to financial markets, this history always repeats itself. There is nothing different under the same sun.
If you really intend to invest then do research, learn to analyze the market before making a decision. Use cold money to invest, and use good financial management. Look at the bigger outlook, use large timeframes to see macro movements, ignore microscopic movements, they are just momentary distractions. Enjoy your time and your life, and let your money work for you.
Disclaimer : this is not investment trading advice. DYOR TYOR
#TrendingTopic #BTC #BNB
$BTC $ADA $BNB
Regards
BTW I find it funny to see people getting hooked on a new meme coin with the tick WIF. Incredibly irrational, gambling with meme coins is very funny, goodluck for that. HA HA HA HA
I've never entered the market because a coin was pumping. I entered the market before they even did any of that!
Because even big professional players don't gamble in the market, they will carry out a thorough analysis both fundamentally and technically before making a decision. They will buy gradually (accumulation) and sell also gradually (distribution). Because that's the only way they can make optimal profits without damaging the market.
Only amateurs with large capital do pumps and dumps haphazardly, they will profit several times, but they will not last until the end because they are just gamblers who moved from casinos to financial markets, this history always repeats itself. There is nothing different under the same sun.
If you really intend to invest then do research, learn to analyze the market before making a decision. Use cold money to invest, and use good financial management. Look at the bigger outlook, use large timeframes to see macro movements, ignore microscopic movements, they are just momentary distractions. Enjoy your time and your life, and let your money work for you.
Disclaimer : this is not investment trading advice. DYOR TYOR
#TrendingTopic #BTC #BNB
$BTC $ADA $BNB
Regards
BTW I find it funny to see people getting hooked on a new meme coin with the tick WIF. Incredibly irrational, gambling with meme coins is very funny, goodluck for that. HA HA HA HA
$ADA has broken the short term bearish channel now it is to shine again. 1250 sats is the main resistance for now after closing about daily 1270 sats it can go to 1500-1700 sats quickly. So take your places and fasten your seatbelts
I agree #ADA! $ADA
Автор мульт-серіалу Simpson повернувся з майбутнього???
Привіт моїм дивовижним друзям, та моїм найкрасивішими подругам, які сидять по ту сторону екрану телефона, комп'ютера, монітора. Ви всі в мене найкращі!!!💪🏼😉😏🥹Одного разу, на світанку, решив зайти на YouTube, подивитись якісь смішні відоси, і тут я наткнувся на одну цікаве відео, скрін прикріпив (будь ласка не звертайте увагу на строку "Now"). Як ви думаєте таке колись станеться??? ADA: 36$XRP: 589$Тим, хто сидить по ту сторону екрану телефона, комп'ютера, монітору, якщо в вас ніхто не віре, якщо думають що ви тратите свій вільний час на якісь не нужні речі, або у вас немає друзів, я буду першою людиною, хто стане вашим найкращім другом, хто підтримає вас в вашому виборі, бо ви всі для мене самі найрідніші друзі, дякую вам за це. Коли ви на мене підписуєтесь, ставите лайки, ви мене також мотивуєте писати якісь статті, або ділитись своїми думками, ще раз, дякую вам за це!! ❤️Разом до перемоги?? Разом до максимального прибутку??😉💪🏼😏🥹
$ADA to the moon
I'm considering the growth potential of various coins in my portfolio:
- BTC: Aiming for $180,000 (3X)
- ETH: Targeting $20,496 (6X)
- BNB: Hoping for $4,120 (10X)
- SOL: Target set at $1,024 (8X)
- XRP: Anticipating $4.2 - $120 (7X - 20X)
- ADA: Expecting $7.2 - $21.6 (10X - 30X)
- DOGE: Target range is $1.4 - $2.1 (10X - 15X)
I'm holding Ethereum, XRP, ADA, DOGE, and SHIB. My investment strategy involves a 36-month wait for profits before considering exiting the projects. My focus is particularly on Ethereum, XRP, ADA, and meme coins like DOGE and SHIB.
#SHIB #AVAX🚨🔥🚨💯💥💯🔥🔥🚨UPDATE #PEPE #DOT #BTC
- BTC: Aiming for $180,000 (3X)
- ETH: Targeting $20,496 (6X)
- BNB: Hoping for $4,120 (10X)
- SOL: Target set at $1,024 (8X)
- XRP: Anticipating $4.2 - $120 (7X - 20X)
- ADA: Expecting $7.2 - $21.6 (10X - 30X)
- DOGE: Target range is $1.4 - $2.1 (10X - 15X)
I'm holding Ethereum, XRP, ADA, DOGE, and SHIB. My investment strategy involves a 36-month wait for profits before considering exiting the projects. My focus is particularly on Ethereum, XRP, ADA, and meme coins like DOGE and SHIB.
#SHIB #AVAX🚨🔥🚨💯💥💯🔥🔥🚨UPDATE #PEPE #DOT #BTC