Cardano (ADA) price has recently surged, and market analysts are currently studying the possibility of ADA reaching its historical peak within the next 30 to 60 days, with ADA expected to rise above $3. This prediction is based on technical analysis, the technology developed by Cardano, and changes in political perspectives regarding regulations.
Technological advancements have improved the scalability of Cardano.
As one of the main factors supporting bullish sentiment for ADA, Cardano has recently addressed its scalability issues, achieving one million transactions per second while executing Doom (its second-layer solution) on Hydra. This achievement indicates ADA's scalability and supports the platform's uniqueness among various blockchain projects.
With these technological improvements, Cardano is expected to capture a massive market share. The decentralization and security of Hydra handling millions of transactions is crucial for Cardano’s future price. This scalability can bring more developers and projects into Cardano's ecosystem, further increasing demand for ADA.
The shift in the regulatory environment may benefit the development of Cardano.
Another aspect forming the basis of Cardano's price predictions is.
Recently, there has been a significant change in the leadership within the U.S. Securities and Exchange Commission, with former SEC Commissioner Paul Atkins appointed as the chairman of the agency.
Since the birth of blockchain technology, Atkins has been a staunch advocate of this technology. More importantly, his previous collaboration with Cardano and his speech at a conference in 2020 generated positive sentiment among investors. This shift will provide more regulatory certainty for the crypto ecosystem, benefiting assets like Cardano.
A favorable regulatory environment may attract more institutional investors, thereby stabilizing the entire cryptocurrency market.
The potential for ADA to increase institutional adoption is a factor influencing its price in the foreseeable months.
Cardano whales have stabilized after accumulating in November.
The number of addresses holding 10 million to 100 million ADA saw a significant increase at the beginning of November, rising from 393 on November 4 to 409 on November 20.
This increase indicates a significant rise in the number of whales during this period, reflecting growing confidence in Cardano's potential. Such activities typically precede large price fluctuations, as large holders can significantly influence the market.
However, since November 20, the number of these whale addresses has stabilized, hovering between 405 and 408, with the current number being 405. This stable level indicates that although the previous accumulation speed has slowed down, these major holders are still maintaining their positions.
This stability may indicate that whales are taking a cautious approach, suggesting they are waiting for clear market signals before taking further action. This could result in ADA's price entering a consolidation phase temporarily.
Technical indicators suggest that prices may rise.
Currently, Cardano is approaching a clear resistance level. This may help the token break through its historical high. Previously, it was believed to be in a low volatility phase before rising, and based on the current market trends, it may be poised for an increase.
Due to similar trends previously observed in Cardano, its price may see a substantial increase soon. The current trading price of ADA is approximately $1.20, requiring an increase of about 158% to surpass its historical high of $3.09.
Although this price movement is undoubtedly quite bold, Gambardello is very confident that this situation is possible. This is due to the technological advancements of Cardano and the potential recovery of the entire market, but caution is advised against short-term fluctuations.
Cardano (ADA) price has recently surged, and market analysts are currently studying the possibility of ADA reaching its historical peak within the next 30 to 60 days, with ADA expected to rise above $3. This prediction is based on technical analysis, the technology developed by Cardano, and changes in political perspectives regarding regulations.
Technological advancements have improved the scalability of Cardano.
As one of the main factors supporting bullish sentiment for ADA, Cardano has recently addressed its scalability issues, achieving one million transactions per second while executing Doom (its second-layer solution) on Hydra. This achievement indicates ADA's scalability and supports the platform's uniqueness among various blockchain projects.
With these technological improvements, Cardano is expected to capture a massive market share. The decentralization and security of Hydra handling millions of transactions is crucial for Cardano’s future price. This scalability can bring more developers and projects into Cardano's ecosystem, further increasing demand for ADA.
The shift in the regulatory environment may benefit the development of Cardano.
Another aspect forming the basis of Cardano's price predictions is.
Recently, there has been a significant change in the leadership within the U.S. Securities and Exchange Commission, with former SEC Commissioner Paul Atkins appointed as the chairman of the agency.
Since the birth of blockchain technology, Atkins has been a staunch advocate of this technology. More importantly, his previous collaboration with Cardano and his speech at a conference in 2020 generated positive sentiment among investors. This shift will provide more regulatory certainty for the crypto ecosystem, benefiting assets like Cardano.
A favorable regulatory environment may attract more institutional investors, thereby stabilizing the entire cryptocurrency market.
The potential for ADA to increase institutional adoption is a factor influencing its price in the foreseeable months.
Cardano whales have stabilized after accumulating in November.
The number of addresses holding 10 million to 100 million ADA saw a significant increase at the beginning of November, rising from 393 on November 4 to 409 on November 20.
This increase indicates a significant rise in the number of whales during this period, reflecting growing confidence in Cardano's potential. Such activities typically precede large price fluctuations, as large holders can significantly influence the market.
However, since November 20, the number of these whale addresses has stabilized, hovering between 405 and 408, with the current number being 405. This stable level indicates that although the previous accumulation speed has slowed down, these major holders are still maintaining their positions.
This stability may indicate that whales are taking a cautious approach, suggesting they are waiting for clear market signals before taking further action. This could result in ADA's price entering a consolidation phase temporarily.
Technical indicators suggest that prices may rise.
Currently, Cardano is approaching a clear resistance level. This may help the token break through its historical high. Previously, it was believed to be in a low volatility phase before rising, and based on the current market trends, it may be poised for an increase.
Due to similar trends previously observed in Cardano, its price may see a substantial increase soon. The current trading price of ADA is approximately $1.20, requiring an increase of about 158% to surpass its historical high of $3.09.
Although this price movement is undoubtedly quite bold, Gambardello is very confident that this situation is possible. This is due to the technological advancements of Cardano and the potential recovery of the entire market, but caution is advised against short-term fluctuations.
