Cardano (ADA) has been on a fiery run, soaring since November to reclaim its yearly high and brush against $0.6776 in December. However, after encountering resistance, the rally seemed to stumble, leaving investors wondering if its propellant had burned out.
Although Cardano (ADA) dropped to $0.5544 shortly after reaching its yearly high, it has bounced back since then and is currently trading at $0.6282, showing a 62.36% increase over the past month. With this recovery, a prominent analyst is pointing to a brighter future for the digital asset.
Ali (@ali_charts), one of the top analysts in the crypto community, recently pointed the Cardano community in the direction of technical indicators like the symmetrical triangle pattern on ADA’s chart, hinting at a potential breakout and bigger surges.

The Symmetrical Triangle and ADA’s Future
The symmetrical triangle is a pattern where highs and lows converge, often signaling a period of consolidation followed by a decisive surge. The asset price will gradually experience lower highs and higher lows and consolidate around a key price for a while like SHIB is doing around $0.00001 currently.
Ali believes a sustained close above $0.63 could trigger a surge toward $0.78, potentially propelling ADA back to heights it has not reached since May 2020.
Although ADA crossed $0.63 after Ali’s prediction, its price dropped significantly on the evening of December 28, reaching an all-day low of $0.6132. That was the support level pointed out by Ali in a previous analysis, which served as a base for ADA to resume its surge.
The main driving force behind Ali’s optimism is the symmetrical triangle. The symmetrical triangle pattern suggests pent-up energy waiting to be unleashed. Historically, ADA has bounced back from similar patterns in the past, proving its resilience.
The broader crypto market sentiment also seems to be shifting in a positive direction, with the stars aligning for potential growth. However, in the cryptocurrency market, nothing is guaranteed. Investors should always proceed cautiously, as past performance doesn’t always predict the future.
Only time will tell whether ADA will reach the $0.78 predicted by Ali. But with strong technical signals and potentially favorable market conditions, the path seems paved for an exciting future.
Meanwhile, ChatGPT recently predicted that ADA could reach $10 in six to twelve months, and Ali’s predicted surge could be the start of that journey.
⚠️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.
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Cardano founder Charles Hoskinson sought to clear the air after new evidence emerged about his past involvement with the Ethereum Foundation.
Read more on: https://thecryptobasic.com/2023/11/20/cardano-founder-debunks-pathological-liar-claims-as-new-evidence-from-ethereum-days-emerges/
#CardanoUpdate #CardanoADA #CardanoCommunity #CryptoTreasure #CryptoNews🔒📰🚫

Cardano’s (ADA) price trajectory has been a topic of significant interest in the crypto community, especially since its recent ascent above the $0.40 mark – a milestone it hadn’t reached in the past 200 days. This breakthrough has sparked discussions about ADA’s future potential and the possibility of achieving new yearly highs.
Cardano’s Bullish Momentum
The ADA price has demonstrated a robust performance since October 19, leading to its recent peak. Despite a slight pullback, it maintains its position above the critical $0.35 support area, raising questions about its next move. The ADA price’s movement within a defined range between $0.25 and $0.40 since November 2022 further underscores its potential for growth.
A key factor in ADA’s favor is the buying pressure indicated by the formation of a long lower wick in June, which led to the asset reclaiming its position within the $0.25 to $0.40 trading range. The recent price action that saw ADA creating a higher low within this range, followed by a rapid increase in value, has culminated in touching a high of $0.41 this week.
Technical Analysis and Market Sentiment
The Relative Strength Index (RSI) on the weekly chart is a crucial indicator for ADA’s bullish momentum. Currently, the RSI is above 50 and rising, signaling a positive trend. This momentum is supported by the daily timeframe, where ADA has broken out from a descending resistance trend line and reclaimed the $0.35 horizontal resistance area.
Additionally, the presence of a hidden bullish divergence on the RSI supports the potential for continued upward movement. If ADA maintains its momentum and stays above the $0.35 support area, it could target the next resistance at $0.45, which is in proximity to the yearly high.
Evaluating Risks and Opportunities
While the overall sentiment remains bullish, ADA is not without its challenges. The formation of a bearish candlestick with a long upper wick indicates a potential for short-term pullbacks. However, as long as ADA does not close below the $0.35 area, the bullish trend is likely to persist.
In the event of a price bounce at the $0.35 support level, ADA could witness a 20% increase towards the next resistance. Conversely, a close below this level could trigger a 20% drop to the next support at $0.30.
The ongoing developments in the Cardano ecosystem, including the successful “Battle of the Builders” at the Cardano Summit and community-driven initiatives, add to the optimistic outlook for ADA. As the market continues to evolve, ADA’s recent performance and technical indicators offer a promising glimpse into its potential trajectory in the near term.
⚠️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.
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Charles Hoskinson, the founder of Cardano, denies being affiliated with any memecoin like Freya after his controversial tweet left many investors in huge losses.
Read more on: https://thecryptobasic.com/2023/12/11/cardano-founder-says-he-has-nothing-to-do-with-projects-like-freya-or-other-nft-plays/
#cardano #CardanoUpdate #CardanoCommunity #cryptocurreny #CryptoNews🔒📰🚫

The Cardano ecosystem pushes on toward innovation, with a new privacy-enhancing token protocol set to launch later this month.
Read more on: https://thecryptobasic.com/2023/11/20/cardano-to-welcome-first-privacy-token-protocol-this-month/
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Cardano (ADA) just closed a year, trading below the $1 price. The last time the token sold around the $1 region was in April 2022. Since then, the token has struggled to replicate price movement that led to reaching significant price levels during the years 2021 and the first quarter of 2022.
Cardano (ADA) reached an all-time high of $3.10 in September 2021. Its current selling price of approximately $0.63 implies that the token is shy of the peak price by about 80%.
Despite failing to achieve the highly anticipated $1 price level in 2023, ADA’s price movements were relatively impressive. The token registered a 146.95% increase during the just concluded year, a feat it last achieved in 2017 when it closed the year by registering a 517% price surge. 
Notably, ADA’s expansion in 2023 could be linked to the varying degrees of growth registered on its Decentralized Exchange (DEX) and non-fungible tokens (NFTs) platforms. 
As 2024 begins, hope seems restored for Cardano (ADA) to attain remarkable prices, especially with the Bitcoin halving event counts down.
Having established the above facts, we shall reveal some top analysts’ price predictions for Cardano (ADA). Will ADA soar in 2024? If yes, to what level?
LuckSide, a renowned YouTuber and analyst, recently took to the video-sharing app to make some bold claims on ADA’s potential price movement. 
According to Luckside, ADA could face critical resistance at price levels between $0.60 and $0.67. Despite some regulatory challenges Cardano hopes to circumvent this year, the crypto expert sounded positive on ADA.
Luckside highlighted two angles to his prediction. The first is that ADA could witness a surge that could send it to the $0.70 price level. On the other hand, the expert noted that the token might experience a decline, which could plunge the asset’s price to the $0.40 price level. 
Jason Appleton, another well-known crypto market analyst, predicted ADA’s potential to reach a $32 price level after the Bitcoin halving event. The market expert noted that the rally would oversee ADA’s ascent to becoming one of the most valuable altcoins.
Meanwhile, ADA’s data on Coincodex revealed that the digital asset has maintained a considerable market capitalization to be ranked the eighth largest cryptocurrency. ADA boasts a market cap of $ 21.08 billion, a 24-hour trading volume of $847.50M, and a market dominance of 0.0402.
⚠️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.
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Barely a week after unveiling a major upgrade, Cardano-based Lace Wallet has followed up with a new version to address bugs reported by users.
Read more on: https://thecryptobasic.com/2023/11/23/cardano-lace-wallet-announces-quick-update-to-fix-new-bugs/
#cardano #CardanoUpdate #CardanoCommunity #Crypto #CryptoNews🔒📰🚫

Crypto enthusiasts call attention to a cloned video of Cardano founder Charles Hoskinson promoting a fake ADA giveaway on YouTube.
Read more on: https://thecryptobasic.com/2023/12/15/scammers-promote-fake-ada-giveaway-using-ai-cloned-video-of-cardano-founder/
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Cardano’s Historical Price Trends Indicate Significant Upcoming Growth
In the ever-vibrant world of cryptocurrency, Cardano (ADA) has once again captured the attention of the market following a bold prediction by renowned analyst Tyler Strejilevich. Strejilevich, known for his insightful market analysis, has identified a pattern in ADA’s price movement that could indicate a substantial upcoming surge.

The Resurfacing of a Remarkable Trend
The core of Strejilevich’s prediction is the reemergence of a bullish weekly cross in ADA’s price chart, echoing a similar pattern observed in June 2020. During that period, ADA experienced a remarkable 6,000% increase. This historical precedent has set a backdrop of anticipation among crypto enthusiasts, as they speculate on the potential for a similar exponential rise in ADA’s value.
Strejilevich’s analysis, grounded in historical market behavior, suggests a possible replication of this previous surge. If ADA follows the trend suggested by the bullish weekly cross, the token’s value could soar to an estimated $33.55, which would decisively eclipse its previous all-time high of $3.09.
Cardano’s Market Performance: A Resilient Rally
In recent market activity, ADA has displayed significant resilience. Despite facing a correction with a 17% value drop, Cardano has managed a strong rebound, surging over 41% as it entered the current week’s market. This performance places ADA ahead of many of its peers in the top 10 cryptocurrencies.
This rally is particularly notable in the context of the broader market correction. Cardano’s momentum is further emphasized by data from CoinGlass, which revealed significant liquidations of bearish short positions on ADA, totaling over $1.23 million.
December’s Euphoria and Future Prospects
December has marked a period of pronounced success for Cardano, with ADA recording a 70% increase since the beginning of the month, its most substantial monthly gain in seven years. However, the cryptocurrency market’s inherent volatility prompts a crucial question: Can Cardano sustain this upward momentum, or is this a precursor to a potential downturn?
As the crypto community and investors closely monitor ADA‘s movements, Cardano remains both a promising investment opportunity and a topic of intense speculation. The next phase of its journey will be crucial in determining whether it can fulfill the bullish predictions set forth by analysts like Strejilevich.
⚠️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.
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Helius Labs founder Mert Muntaz has called out XRP and Cardano (ADA) as two hyped chains without basis, a position that has stirred a heated debate.
Read more on: https://thecryptobasic.com/2023/12/04/helius-labs-ceo-asks-how-xrp-and-cardano-are-still-around-community-sets-him-straight/
#XRPUpdate #xrparmy #CardanoUpdate #CardanoCommunity #CryptoNews🔒📰🚫

The Cardano (ADA) price grew by 30% in November and saw its second consecutive month-on-month bullish price performance. Traders have placed active orders to purchase a total of 41.7 million ADA at the current prices, which outpaces sell orders. 
Technical indicators are now bullish on its future, but alongside it, Everlodge (ELDG) is also picking up a lot of attention. The platform will disrupt the $82.63 billion global vacation rental market and introduce AI-driven elements that can project regions in which the industry can spike in value further.
Cardano (ADA) Has Two Successful Months – Is a Value Above $0.50 Possible?
Cardano (ADA) moved up in value from $0.29 to $0.39 during November, marking an overall price increase of 30%. The crypto also saw a 20% increase in October of the year, and vital on-chain metrics indicate that the bulls remain in control of the ADA markets.
According to data from IntoTheBlock’s Aggregate Exchange Order Books, there is a vital onc-hain metric that affirms a bullish outlook. Recent readings from the trading logs of 10 crypto exchanges indicate that Cardano bulls have the upper hand. Bullish ADA traders have placed buy-orders for 285 million ADA at an average cost of $0.38. Sellers have only put 276 million ADA up for sale at these prices.
Alongside this, popular crypto analyst Lady of Crypto has a bearish outlook for the cryptocurrency. This analyst noted that the network is facing significant challenges in keeping up with competitors. The first concern was the slow development of the network, as it emphasizes peer-reviewed, high-quality updates. 
The crypto industry is fast-paced, so this methodical approach can lead to slower development time. As for the recent Cardano price performance, its value did not pass over the $0.39 barrier. If the crypto price passes $0.40, the current Cardano price prediction places it at $0.572 by Q1 2024.
Everlodge (ELDG)’s AI Tool Will Monitor Global Property Prices in All Territories
Cardano still needs to break past $0.40 to reach new heights; in the meantime, Everlodge is picking up a lot of momentum. This upcoming project can disrupt the $82.63 billion global vacation rental market by introducing blockchain-based elements to the industry.
Traditionally, acquiring properties was difficult as most of them required millions in upfront capital. As a result, the asset class was locked only to the elite. But Everlodge will change this by introducing non-fungible tokens (NFTs) to the space. 
Instead of buying an entire property worth $10,000,000, for example, in Miami, it can be split across 100,000 pieces worth $100 each. This way, anyone can just buy a single fraction. 
This way, anyone can build a diversified portfolio and co-own numerous properties. As they appreciate, the NFTs will grow in value alongside them. If they get rented out, those with fractional ownership can get passive income.
The dedicated AI tool is accessible by token holders and will monitor and then scan all of the global property prices in all territories. This way, anyone can access up-to-date snapshots of a specific region where the property market can experience an upswing, providing them with high ROI opportunities.
At Stage 7 of its presale, the ELDG token is offered at $0.025. Once it’s listed on Tier-1 exchanges at launch, analysts project a 40x upswing in value. 
⚠️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.
#CardanoUpdate #ADAPrice $ADA

Charles Hoskinson, the founder of the Cardano blockchain, has recently expressed that Vitalik Buterin, one of the founders of Ethereum, has an 18% chance of becoming a prisoner.
Read more on: https://thecryptobasic.com/2023/12/04/cardano-founder-says-vitalik-buterin-has-18-chance-of-a-prison-sentence/
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Cardano Founder rejects XRP partnerships, citing community harassment and incompatible technical alignment.Cardano Founder, Charles Hoskinson, continues to distance himself from the prospect of any partnerships with XRP, citing ongoing community discord and a perceived misalignment in technical compatibility. The intricate relationship between Hoskinson and the XRP community has become a persistent narrative within the crypto space, marked by a longstanding feud and frequent exchanges of dissenting viewpoints.In the latest chapter of this enduring saga, an XRP community member revisited a comment made by Hoskinson a year ago, reigniting tensions between the two parties. The founder had previously criticized the XRP community, branding it as 'toxic and petty,' while unequivocally rejecting the idea of collaboration between Cardano and Ripple.This historical comment prompted a response from Ripple CTO David Schwartz at the time, who encouraged Hoskinson to reconsider his stance. Despite the call for dialogue, Hoskinson's initial response was met with silence. Fast forward a year, and the issue has resurfaced. When questioned about his current perspective on potential partnerships, Hoskinson maintained a firm and unchanged position. He pointed to a two-year history of what he characterized as 'harassment' from the XRP community as a key factor in his decision. Additionally, he emphasized a perceived lack of technical synergy between Cardano and XRP as a contributing factor to his continued reluctance.The ongoing discord between the Cardano Founder and the XRP community adds another layer to the intricate dynamics of the crypto space, showcasing the challenges and divergent viewpoints that characterize the relationships within the industry.Cardano Founder Charles Hoskinson has reiterated his stance on the incompatibility of Cardano and XRP, emphasizing that XRP serves a distinct market purpose and was designed for a different role. In his perspective, XRP diverges from platforms like Ethereum, Polkadot, and Algorand, which share common problem-solving goals. According to Hoskinson, XRP is specifically tailored as an interbank settlement system and central bank digital currency (CBDC) stack, rather than functioning as a decentralized smart contract system.Hoskinson went on to express skepticism about the possibility of collaboration with the XRP community, citing persistent issues such as what he described as "personal attacks, harassment, and an utter inability to have a conversation." This sentiment underscores the challenges in fostering any meaningful partnership between Cardano and XRP.The exchange of opinions took a contentious turn as the XRP community responded to Hoskinson's comments with memes and accusations of corruption. In response, Hoskinson dismissed these reactions by labeling community members as 'conspiracy theorists,' particularly referencing their ETHGate theory.This ongoing divergence of perspectives highlights the deep-seated differences between the Cardano Founder and the XRP community, showcasing the challenges in finding common ground within the crypto landscape.#CardanoUpdate #XRPUpdate

Cardano founder Charles Hoskinson has criticized the SEC for giving Bitcoin and Ethereum a free pass while other crypto assets like ADA suffer from being labeled securities.
Read more on: https://thecryptobasic.com/2023/11/28/xrp-army-reacts-as-cardano-founder-expresses-frustration-over-sec-labeling-ada-as-security/
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Cardano (ADA) started 2024 with a new limelight as top proponents of the protocol shared their projections of what this new year holds for the coin.
Cardano started the year on a relatively bullish note, but its price capitulated as investors took gains across the board. Currently, Cardano is priced at $0.6147, down by 2.23% in the past 24 hours. The market capitalization is also down and pegged at $21,730,514,822, while its trading volume comes in at $518,637,506, down by 3% in 24 hours.
Despite this outlook, Cardano is tipped to grow to new heights this year on the back of its technological advancement and community embrace.
Cardano Price: What are the Experts Saying?
According to crypto YouTuber and analyst LuckSide Crypto, there is a major buying event underway in the digital currency ecosystem owing to massive capital entering the industry. LuckSide is optimistic that some of these inflows will benefit Cardano just as it will favor other more established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB), amongst others.
The potential capital inflow for ADA will undoubtedly benefit the coin in relation to price gains, especially at this time when the protocol’s correlation with Bitcoin is on the decline.
While the latest analysis from LuckSide Crypto comes with no specific price target for Cardano this year, other ADA bulls have shared their outlook for the coin prior to this time. One of these bulls is Dan Gambardello, the founder of Crypto Capital Venture, who projects an $11 price target for Cardano.
Gambardello’s projections lean on what impact the upcoming Bitcoin halving event will have on Cardano. This bullish prediction is also complemented by the $10 target projected by Ali Martinez.
As reported by The Crypto Basic, Google Bard also made a prediction about the price of Cardano in the wake of Bitcoin’s halving. Initially, the chatbot considered a target of $100,000 for Bitcoin after the halving. Based on this assumption, Google Bard predicts that Cardano’s price could potentially surge to a range between $2.5 and $5.
In another prediction, Prominent crypto analyst Jason Appleton anticipates that Cardano’s ADA will hit $32 in the upcoming bull market.
Not All Predictions Favor Cardano
Judging by Cardano’s performance in 2023, the chances of the token hitting the ambitious price targets appear daunting. This understanding has generally stirred skepticism in the hearts of some experts, including Chris O, who said ADA will likely be behind Dogecoin in the coming bull cycle.
For now, Input Output Global (IOG), the startup behind the Cardano blockchain, aims to focus on intense infrastructural building to create an enabling environment for all developers.
⚠️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.
#CardanoUpdate #adacoin $ADA