Cardano has a large circulating supply, with 45 billion ADA coins eventually entering the market. The sheer volume of available coins means that significant price movements require substantial market activity and demand. Without continuous, large-scale buying pressure, the price remains relatively stable.A significant portion of ADA is locked in staking, contributing to network security and earning rewards for holders. While this is beneficial for the ecosystem’s stability, it reduces the availa
$HMSTR — It looks like we are facing a pump and dump scheme. Bitcoin is about to reach $90k, and Hamster can’t even get back above $0.007. Unfortunately, if Bitcoin drops dramatically below $70k, Hamster will likely suffer even more, possibly reaching the $0.0015 level.
$ADA — Are we heading to $1? I hope so. In the past, Cardano reached over $2.70 when Bitcoin was above $65K. Currently, Cardano is hovering around $0.45 while Bitcoin is over $75K, so why is Cardano still below $1? Some large investors might be hesitant due to political factors, particularly since Charles Hoskinson hasn’t supported either the Biden or Trump administrations due to their stances on crypto regulations. Will these investors reconsider and bring new capital to Cardano? I’m not sure, but we’re hopeful that Cardano could climb back above $1. Let’s wait and see what happens, if we don't hit $1 in the next few months, the next support level might stabilize slowly around $0.20. The current circulation supply ~ 35 billion out of 45 billion.
$ADA — The untold story. Who wants ADA to be above $1? I think most of us who invested in ADA, including me, but the reality is different. Cardano was listed on Binance for spot trading in April 2018, after the 2017 bull run. ADA was created to compete with Ethereum on scalability. I remember Litecoin was promoting SegWit to boost its price to $500 and it was in the top 5 on CoinMarketCap. In 2021, the circulating supply of ADA was about 32 billion, less than the current supply of 3.7 billion in 2024. The chances of returning to $3 are decreasing even with a 100% successful hard fork. The untold story is politically driven among investors. Since the beginning of 2020, Charles Hoskinson has made great efforts. By the way, Charles didn't like the Trump administration because it started regulating crypto. When the Biden administration took office, public relations with investors pushed ADA's price to $3. Nowadays, the scene is changing. Charles has said he doesn't like the Biden administration because of crypto regulations and wants to support Kenedy Jr. in the election. However, the opposite is happening because the chances of Trump's return are higher, and he promised to boost crypto, but who knows. I don't know, how Charles can handle this, but it seems the issue about the incoming investors is being decreased due to political opinions.
$PEPE — Is it possible for Pepe to reach 50 cent? Honestly, no. With a circulating supply of approximately 420.7 trillion, the massive supply keeps the coin's price under a cent for years. It would require burning about a billion coins every month and the development team would need to make it usable for Web3 games, for example. Pepe's current market cap is around $3.6 billion, and to reach $0.50, it would need a market cap of approximately $209 trillion.
$ADA — Why hasn't #Cardano reached $3, and can it hit $7? Although Charles Hoskinson is working hard to make Cardano successful, investors have found other opportunities to 10x their capital in the same timeframe. Cardano couldn't reach its previous all-time high (ATH) of $3, even though Bitcoin reached its ATH of $65,000. The current circulating supply of ADA is about 35.8 billion out of a total of 45 billion, which is significantly higher compared to other projects with similar concepts. To see Cardano at $7, its market cap would need to be $255 billion, implying that Bitcoin would need to be valued at $1.15 million first.
$SOL — Can we see #Solana above $500? If we look back to the ATH in 2021, Solana had a circulating supply of about 300 million and its price was above $250 while Bitcoin hit $65k for the first time. Around 13 months later, in 2022, Solana dropped to the $12-15 range. Currently, Solana has a circulating supply of about 460 million out of a total supply of 580 million, with no maximum supply limit. Solana is a PoH blockchain built for high-throughput dApps. Recently, many #Memecoins have been built on the Solana chain, boosting its price. The future price of Solana will depend on market trends and what innovations the development team can bring to the community to attract more investors.
$XRP — The question of #XRP reaching $130 is intriguing. Currently, XRP has a circulating supply of 55.7 billion out of a total 100 billion, with a market cap of about $25.3 billion. To see XRP at $130, its market cap would need to be around $7.1 trillion, implying Bitcoin would need to reach approximately $16.5 million per coin first. Additionally, as more of the circulating supply is released, the value tends to decrease due to the inverse relationship.
Tron (TRX) and Cardano (ADA) are both blockchain platforms with their unique features and use cases: Tron (TRX): Founder: Justin Sun.Launch Year: 2017.Primary Focus: Decentralized applications (DApps) and content sharing.Consensus Mechanism: Delegated Proof of Stake (DPoS).Speed and Scalability: High transaction speeds and low fees.Ecosystem: Known for its strong focus on entertainment and media, with partnerships with BitTorrent and various DApps. Cardano (ADA): Founder: Charles Hoskinson.Laun
$BNB — #Binance coin exhibited sideways movement between the $610-$600 levels before dropping to $550, which will now act as a resistance if it attempts to return to the $660 level. However, I believe in BNB because it continuously upgrades its smart chain and offers good returns while holding.
$ADA — #Cardano demonstrated strong support at $0.36 after dropping from the $0.50 level. We could see bullish movements, especially following the new upgrade.
Cardano has the potential to rival or even surpass Ethereum, especially with its unique features and scientific approach. While Ethereum pioneered smart contracts and decentralized applications, it faces challenges like high gas fees and scalability issues. Cardano addresses these problems with its proof-of-stake consensus mechanism, which is more energy-efficient and scalable. Cardano's layered architecture also allows for more flexibility and innovation, separating the settlement layer from th
The successful implementation and adoption of Layer 2 solutions, like Optimism and Arbitrum, could significantly increase Ethereum's transaction throughput and reduce fees, making the network more attractive for users and developers, potentially driving up the price.The Ethereum Improvement Proposal (EIP-1559) introduces a mechanism where a portion of transaction fees is burned. This creates deflationary pressure on ETH, reducing its supply over time and potentially increasing its value.The tran