Cardano is in the news again after showing the potential for a huge jump. Its price movements, which have defied the bearish tide, have piqued the interest of crypto analyst Crypto ZX, who recently delved into the reasons behind ADA’s resilience and its potential for a future surge.
Unlike many of its counterparts, Cardano (ADA) is holding its ground and forging ahead with positive price movements. This bullish undercurrent presents a potential window of opportunity for those looking to accumulate ADA before a potential upswing.
The Bitcoin Halving Catalyst
The highly anticipated Bitcoin halving event is estimated to take place in April. Historically, this event initiates a massive boost in market price surging momentum.
With institutions already gearing up for the post-halving surge, as evidenced by the recent approval of Bitcoin ETFs, analysts like Crypto ZX believe altcoins like Cardano (ADA) could bask in the reflected sunshine.
Bard, Google’s AI chatbot, recently weighed in on the matter, predicting ADA’s price if Bitcoin can reach $200,000 after the halving. As indicated by Bard, Crypto ZX is also seeing bullish trends ahead.
Patience in the Face of Consolidation
While the excitement for a post-halving surge is palpable, Crypto ZX cautions against impulsive decisions. Drawing parallels with previous Cardano (ADA) cycles, he suggests a potential period of consolidation before the Bitcoin Halving event and before the prices of ADA and other cryptocurrencies experience a significant jump.
Now is not a time for knee-jerk reactions but a period for patience and focus on the long-term vision for Cardano’s groundbreaking technology.
Explosive Q3 and Q4 on the Horizon
While advising patience, Crypto ZX paints a picture of an exciting future for Cardano (ADA), showing his viewers how their patience will pay off.
He anticipates quarters 3 and 4 to be marked by substantial market movements, potentially culminating in an explosive performance for ADA in the coming months.
This sets the stage for a potential bull run, rewarding those who held their ground during the consolidation phase.
The 2024 Bull Run
Crypto ZX states that we are on the verge of the biggest bull run ever. The SEC has approved Bitcoin ETFs, and he expects ETFs for other cryptocurrencies to start popping up.
XRP ETFs have been in the news for a while, and a prominent crypto figure recently predicted when BlackRock, the world’s largest asset manager, would file for an XRP ETF. Although CryptoZX did not set a price target, 2024 could be a remarkable year for Cardano (ADA) and the rest of the crypto market.
⚠️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.
#CardanoUpdates #adacardano $ADA

Charles Hoskinson has criticized the lack of consistency in the application of classification standards by the US Securities and Exchange Commission (SEC).The US approach to crypto could do more harm than good, and they risk losing major players by the time they “get their act together,” Cardano founder Charles Hoskinson said. said.“In particular, when you look at some of the US regulators, they have done a very good job of alienating most of the industry. They are not clear at all,” Hoskinson told Cointelegraph on the sidelines of the recent Abu Dhabi Financial Week.#abudhabi #finiancialweek #adacardano $ADA #TienMaHoa Charles Hoskinson

With the Bitcoin halving set to happen in April, the crypto community is eager to know the potential impact of this anticipated event on the prices of altcoins when BTC starts to exhibit its historical rally after the event.
In this insight, we quizzed Bard, Google’s artificial intelligence (AI) chatbot, on what could be Cardano’s (ADA) potential price movement if BTC hits $200,000 price after the halving event.
For context, Bitcoin is currently priced at $43,890, reaching $200,000 would imply about a 359% surge, which is attainable considering the past price actions.
On the other hand, ADA is presently changing hands at approximately $0.48, reflecting an 8.2% drop in the past 24 hours. The last two weeks saw ADA register a 19.8% decline in market value.
The massive price decline has been attributed to the United States Securities and Exchange Commission’s (SEC) speculated rejection of all Bitcoin spot Exchange Traded Funds (ETFs).
Having established the above facts, we shall now delve into Bard’s insight on the likely price of Cardano (ADA) after Bitcoin’s ascent to $200,000 post-halving.
Notedly, despite acknowledging ADA’s possible price predictions as challenging, the chatbot still deduced probable price actions based on historical correlation and market dynamics. 
Optimistic Scenario 
Bard noted that in a highly optimistic outlook, which entails a generalized positive market sentiment and Bitcoin reaching $200,000, ADA could spike 10 – 20 times its current value.
This implies that Cardano (ADA) could trade between $5 and $9.6 based on current prices. Bard added that aside from the overall positive market sentiment, other factors like Cardano blockchain technology’s strong adoption and the significant growth within the coin’s ecosystem are also crucial.
Moderate Scenario 
For a moderate outlook, Bard insisted that Cardano’s price would likely increase proportionally to Bitcoin’s. It projected a 3 to 5 times increment from ADA’s current value. 
Based on Bard’s rationale above, ADA could surge to prices ranging from $1.44 to $2.4. Clarifying what could drive ADA to the projected height, Bard remarked, “This scenario would likely involve a spillover effect from Bitcoin’s rally but a slower adoption rate for Cardano compared to the optimistic scenario.”
Pessimistic Scenario 
According to Bard, a pessimistic outlook would entail the market’s failure to respond positively to Bitcoin’s price surge or Cardano facing specific difficulties within its ecosystem. 
The chatbot noted that in a pessimistic scenario, ADA could remain stagnant or even drop to lower values. 
Concluding its take on ADA’s possible price trajectory post-Bitcoin halving, Bard emphasized the need for research, diversification of crypto portfolios, and prioritizing fundamental analysis over speculations as crucial to becoming a profitable crypto investor.
⚠️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.
#CardanoUpdates #adacardano $ADA