Current Valuation Analysis and Projections for ADA, NEAR, and ENA in the 2024 Bull Run
1. Cardano ($ADA ): Current Price - $1.15 The $1.15 price represents significant growth for Cardano, which started the year at around $0.30. This increase is in line with the optimism generated by the growing adoption of its blockchain for smart contracts and DApps. During the current bull run, ADA’s upside potential could take the price to levels between $1.50 and $2.00 in the short term, depending on the market and the performance of its competitors
2. Near Protocol ($NEAR ): Current Price - $8.00 (recent high) With a strong bullish movement, NEAR has been benefiting from improvements in the ecosystem and increased visibility in the market. The projected resistance of $8.50 to $9.00 could be overcome, with analysts suggesting the price could reach $12.00 by the end of the 2024 bull run. The underlying technology and strategic partnerships are crucial factors for this appreciation
3. Ena ($ENA ): Current Price - $1.12 Although still less discussed in mainstream analysis, ENA at its current price of $1.12 reflects promising potential in smaller markets. Emerging projects tend to gain traction during bull runs, especially if they are linked to innovative sectors such as DeFi or crypto AI. With the bullish scenario, ENA could reach new heights, but its appreciation will depend on adoption and community support.
Conclusion: The Bull Run and the Current Scenario The bullish crypto market, driven by the Bitcoin halving and increased institutional interest, favors a strong appreciation for altcoins such as $ADA , $NEAR , and $ENA . The next few months will be crucial in determining the price ceiling, but the combination of solid fundamentals and market optimism points to a promising period for cautious investors
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Cardano Price Prediction Today: ADA Bulls Target $1.72 Today the post Cardano Price Prediction Today: ADA Bulls Target $1.72 appeared first on Coinpedia Fintech News Cardano (ADA) is currently up over two percent and is trading near the $1.20 levels. The important support area to watch is between $0.83 and $1.06. There are two potential paths for ADA from here. Path 1: The price keeps going up In this scenario, ADA could continue rising directly in a five-wave movement to complete wave five of the larger third wave. This move could push ADA to levels around $1.42, potentially as high as $1.72 before a larger correction begins in wave four. Then, a rally in wave five could occur.
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Salomão Martins
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Bullish
The obligation to declare crypto assets in Income Tax.
According to RFB Normative Instruction No. 1,888/2019, it remains valid in 2025. In accordance with Federal Revenue guidelines, cryptoassets acquired for amounts equal to or greater than R$5,000 per category must be informed in the declaration of assets and rights. If a taxpayer has, for example, R$4,500 in Bitcoin and R$3,000 in Ethereum, they will not need to declare, as the acquisition values are below the established limit.
If there is a sale and the profit obtained exceeds R$35,000 in a single month, the taxpayer must calculate the capital gain (difference between the purchase price and the sale price) and pay the tax due, with rates varying from 15% to 22.5%. This tax must be paid by the last business day of the month following the transaction.
The R$5,000 limit refers to the acquisition cost, not appreciation or profit. Therefore, even if the asset appreciates, the declaration is only required if sales in the month exceed R$35 thousand.
Transactions carried out directly between people (peer-to-peer), without intermediaries such as exchanges, do not exempt the declaration or payment of taxes. The blockchain records all transactions, making them traceable. The IRS can monitor transactions using tools such as the DeCripto platform, both on national and international exchanges.
Therefore, it is essential that taxpayers keep detailed records of all transactions and comply with tax regulations to avoid legal and financial problems. Federal Revenue inspection is more rigorous, making compliance essential. $BTC
$ENA /USDT BIG ALERT: Major Move Ahead – Act Now! 🔥💯🚀
$ENA is trading at $0.8364, nearing a potential breakout zone. The chart reflects strong consolidation with liquidity building around current levels. 🔑 Trade Setup • Entry Range: $0.8300 - $0.8400 • Target 1: $0.9000 • Target 2: $0.9500 • Target 3: $1.0000 • Stop Loss: $0.7900 📊 Liquidity: Volume spiked at $0.8800, suggesting significant buyer interest. A breakout above $0.8500 could attract further momentum. Manage risk and monitor closely. ENA
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This estimate is based on historical market patterns and Cardano’s growing role as a highly scalable blockchain. He notes that ADA already reached a high of $3 in 2021, when the project was still in early development.
DustyBC goes further, projecting ADA’s potential to reach $12. These predictions reflect the confidence that Cardano will continue to expand its technical capabilities, consolidate its market presence, and explore new use cases.
While the first ZK smart contract represents a watershed moment for the project, Cardano’s future is still fraught with challenges. It needs to prove its ability to differentiate itself from the competition in a highly competitive and volatile market.
The big question remains: will Cardano exceed expectations and reach new highs, or will it become another victim of the crypto market turmoil? Only time will tell what the next chapter in this journey will be.
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