Will Cardano surpass Bitcoin? Will
$ADA rise to $1.5?
Recently, the price of Cardano has increased, and it has surpassed Bitcoin in a key ranking. This raises the question: is ADA going to surge, and can it reach $1.5?
Speaking of which, an organization released a report stating that Cardano is the most popular cryptocurrency brand globally, outperforming Bitcoin, Ethereum, and others, and it has entered the top 26 global corporate brands, being more popular than major companies like Walmart and Toyota.
However, it should be noted that Bitcoin is still the leader in the cryptocurrency world, with a market cap close to $2 trillion, while Cardano is only at $34 billion. Bitcoin also has more active addresses and higher locked value.
But Cardano has its advantages, such as the possibility that the U.S. Securities and Exchange Commission might approve a spot ADA ETF, and its Midnight zero-knowledge scaling feature is also on the way, plus a collaboration with BitcoinOS that could release trillions of dollars in liquidity.
From a technical perspective, ADA also has potential for an increase. Recently, it formed a morning star pattern and an inverse head and shoulders pattern, both of which are bullish signals. It previously rose to $0.8082, which was the high in March 2024, and it may continue to rise. However, to reach $1.5, it must overcome two hurdles, specifically the resistance levels of $1.15 and $1.3268.
Of course, if ADA falls below $0.8800, the bullish argument would be unreliable, and it could continue to drop to $0.7600.
In summary, whether Cardano can surpass Bitcoin and whether ADA can rise to $1.5 depends on future developments.
Although the market is slightly sluggish now, opportunities will come. When that time arrives, I will guide everyone to target the lucrative opportunities in altcoins to bottom out and layout spot investments. Doubling profits should definitely be possible, and you are welcome to come and discuss market views at any time.
#热门话题 #美国CPI数据即将公布 #AIAgent热潮 #ADA!