The price of Cardano (ADA) is currently poised above $0.55 as buyers look to recover from this week’s dip in crypto prices amid the spot Bitcoin ETF speculation. For Cardano bulls, price needs to hold above $0.55 for upside continuation. If that happens, a break to $0.70 could bring $1 into play. According to crypto analyst Captain Faibik, a bullish pennant suggests a potential 30-40% surge in ADA price.$ADA Bullish Pennant formation..!!Looks Promising for the Another +30-40% Bullish Rally..📈#Crypto #Cardano #ADA pic.twitter.com/53rYFF5Ws9— Captain Faibik (@CryptoFaibik) January 2, 2024But with the altcoin having struggled for upside momentum since the breakdown from $0.70 in May 2022, the likelihood of a breakout could rely more on this broader market sentiment. Bitcoin’s flip from lows of $41,450 on Wednesday to above $44,000 at the time of writing could help altcoins higher.Source bittimes#ADAUpdate #adacoin

The native token of the Cardano blockchain, ADA, has mounted a relief rally over the past day as the crypto market applauds the first Bitcoin ETF listings in the US.
Key Drivers
According to crypto traders:
ADA price broke back above key formation support near $0.52.The move comes on the heels of the Bitcoin ETF approval.Trader Crypto Yapper sees potential to retest overhead resistance.Sebastian spies a bullish higher high unfolding targeting $1.
The timing of the ADA pop coinciding with a momentous day for Bitcoin adoption hints that optimism is reverberating more widely. To this point, altFINS highlights ADA remain in a core uptrend with solid support now forming around $0.46.

As a top 10 cryptocurrency closely correlated to Bitcoin’s fortunes, Cardano appears to be benefiting from the boost in enthusiasm and risk appetite lifting the broader digital asset space this week.
With upside momentum accelerating as ADA reclaimed the $0.52 level, the door looks open for a full rotation back toward the breakdown point around $0.65. A clean break above there would negate the recent bearishness and offer upside openings toward the $1 milestone cited.
Of course, sustaining positive momentum has proven difficult for cryptos amidst the volatile swings dominating 2023 so far. But with its strong technical posture, ADA looks to be capitalizing well on this week’s catalyst, reprising its role as a leading altcoin behind Ethereum in market value and growth prospects.
⚠️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 #adacoin $ADA

The Bitcoin Spot ETF tracks the price of Bitcoin directly, unlike its futures-based counterparts. This opens the door for traditional investors, such as pension funds and hedge funds, to gain exposure to Bitcoin without the complexities of directly owning and storing the cryptocurrency. This influx of institutional capital could significantly boost Bitcoin's price and liquidity.Beyond Bitcoin: A Rising Tide Lifts All Boats?The Bitcoin ETF's impact won't be limited to the king of crypto. As Bitcoin gains traction, altcoins and memecoins are likely to experience a surge in interest and investment. Here are a few trending contenders poised to ride the ETF bull run:1. Ethereum (ETH): The second-largest cryptocurrency by market cap, Ethereum, is a versatile platform for DeFi, NFTs, and dApps. Its strong fundamentals and growing ecosystem position it for significant growth alongside Bitcoin.2. Solana (SOL): Solana's blazing-fast blockchain and low fees have attracted a thriving DeFi scene and major institutional backing. Its scalability and potential for mass adoption make it a strong contender in the post-ETF landscape.3. Cardano (ADA): Cardano's focus on security, sustainability, and academic rigor has earned it a loyal following. Its upcoming Alonzo upgrade paves the way for smart contracts and dApps, potentially unlocking new growth avenues.4. Dogecoin (DOGE): The original memecoin, Dogecoin, enjoys immense popularity and community support. Its recent integration with payment platforms like Tesla and SpaceX could further fuel its price surge.5. Shiba Inu (SHIB): Following in Dogecoin's footsteps, Shiba Inu has captured the hearts (and wallets) of memecoin enthusiasts. Its vibrant community and potential utility through the Shibarium Layer 2 solution make it a wildcard with explosive potential.Remember:The crypto market is inherently volatile, and past performance is not indicative of future results.Conduct thorough research before investing in any cryptocurrency.Diversify your portfolio to mitigate risk.The Bitcoin Spot ETF is a monumental step forward for the crypto industry. While its long-term impact remains to be seen, one thing is clear: the future of crypto looks brighter than ever. So, buckle up, grab your favorite altcoins, and get ready for a wild ride!Disclaimer: Please do your own research before making any investment decisions.#BTC #ShibaInu #sol #Ethereum! #adacoin

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

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.
#CardanoUpdate #adacoin $ADA

#Write2Earn Cardano price has jumped by more than 3% after whale transactions recorded a mega surge per data from #IntoTheBlock In a shocking twist, #cardano ($ADA ) has joined the few #altcoins❗️ in the top 10 of assets by market capitalization leading the charge in terms of bullish price surge.Cardano price and on-chain outlookCardano price is currently changing hands for $0.5143, up by 3.6% in the past 24 hours. This growth, though mild, far outranks those of Bitcoin ($BTC ) and Ethereum ($ETH ) which have jumped by 0.33% and 0.12% respectively.This Cardano price action is a major bullish correction after the coin slipped as low as $0.4682 over the past month. This recovery can be attributed to Cardano whale activity over the past week. According to data from crypto analytics platform IntoTheBlock, the cumulative whale volume has now totaled $14.34 billion over the past 24 hours, a figure up by more than 11%.Cardano Whale Transaction Chart. Source: IntoTheBlockIntoTheBlock defined this whale transaction as those with a monetary valuation of more than $100,000 and per the data, this whale transaction soared from 5,080 as of January 17 to 7,910 as of January 19.While the Cardano whale transactions have been erratic for the better part of this month, the current outlook depicts the resurgence of new capital, which has correspondingly fueled the growth of the protocol’s price. The more than $14.3 billion in whale transaction volume has put Cardano on the map, seeing it outshone Ethereum’s $4.21 billion and the less than $1 billion recorded by Dogecoin (DOGE). Is ADA billed for an imminent surge?Cardano’s price currently maintains a deep correlation with that of Bitcoin. As such, there are chances that #adacoin might not print an impressive bullish run on its own if Bitcoin does not grow simultaneously.The current Cardano price outlook is a positive bullish shift, one that might help short-term holders recoup their capital, take profits, and further stir a major drawdown in the price of the coin. This reality has been Cardano’s major bane for the past few months as the $0.67 price mark has formed its strongest resistance point for weeks.The Cardano whale outlook complements the active developmental efforts from the protocol’s parent company and more impressive updates are ahead for the Proof-of-Stake (PoS) network this year.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

Cardano's selling off because it's hitting certain technical points. There's a double bottom on the weekly chart, and after breaking the neckline, it's dipping for a retest. If it does, I'll wait for bullish candlestick patterns before buying more Cardano. The next level target is $1.2, and if it gets past that resistance, we're looking at a $3 target. #adacoin #ada #CardanoPredictions