Cardano (ADA) has again dropped below the $1 mark, resulting in a significant surge of 8.6% over the past 24 hours. Currently, this well-known cryptocurrency is trading at $1.05, but it might not stop there. The optimism among investors could lead to a breakout above $1.10.
A breakout above the current level might make a surge towards $1.74 possible, which is equivalent to a 64% increase in the price. Could the growing optimism among Cardano investors propel it further upwards?
Cardano breekt opnieuw door $1
Yesterday, Bitcoin saw a significant recovery after Monday’s drop and established a base at around $96k. The optimism in the market has been transferred to Cardano holders. Last night, the price of Cardano broke above $1 again and seems poised for further growth this morning.
The number of short-term investors ready to sell Cardano after a minor increase has decreased. This can be observed through the Mean Coin Age indicator, which indicates how long Cardano is being held by the average investor. In simpler terms, fewer short-term investors are eager to offload their Cardano holdings quickly following a small price rise, as suggested by the Mean Coin Age indicator that shows longer holding periods among typical investors.
As an analyst, I’ve observed that the Mean Coin Age (MCA) of Cardano has surpassed 540, suggesting a potential new uptrend. If Cardano holders continue to hold and the crypto market further rises, the likelihood of a breakout above $1.10 becomes even higher.
Kan Cardano meeliften op Bitcoin?
One proposal by the founder of Cardano, Charles Hoskinson, involves making Bitcoin usable on the Cardano blockchain. This is a complex process to achieve, but if successful, it could provide a significant boost for Cardano.
The original Bitcoin blockchain is quite dated and slow, making interoperability a crucial use-case that allows Bitcoin to evolve with time.
NEW DEVELOPMENT: Cardano is now incorporating Bitcoin to improve cross-asset compatibility, strengthening the Decentralized Finance (DeFi) landscape and providing a seamless multi-currency wallet experience.
— Cardano Intern (@Cardano_Intern) January 14, 2025
Indeed, Cardano isn’t the first blockchain where Bitcoin can be utilized, but it could still provide a boost for this altcoin. The decentralization of Cardano makes its blockchain interesting for using Bitcoin.
ADA koers verwachting – Wanneer gaat Cardano stijgen?
Cardano’s price has been climbing since Monday and shows no signs of stopping today. Currently, ADA is worth $1.04 and may soon test its resistance at $1.14. Breaking through this level could lead to a massive 64% surge up to $1.74.
There seems to be another potential obstacle at around $1.33, based on the December peak. The increasing interest in cryptocurrency, coupled with growing interest in Cardano itself, could lead to a significant price surge in the coming weeks.
Today’s trading volume for Cardano is approximately $1.5 billion, similar to yesterday’s level. This suggests that interest in Cardano remains high and there is still a possibility for it to rise to $1.10 or higher today.
If a pump of 64% follows hereafter, it might happen a few days after this breakout. Realistically speaking, it’s crucial for Bitcoin to maintain its current level or improve. For instance, if Bitcoin breaks above $100k again, the chance increases that Cardano will climb towards its next resistance.
Trump’s inauguration on January 20th serves as a significant catalyst to keep an eye on. That day and the following days could be quite volatile for crypto. In the week of January 20th, there’s a possibility that Cardano might even surpass $2, which would represent a massive increase of around 90%.
Welke altcoins gaan exploderen in volgende crypto rally?
1) The rise in Bitcoin we’re seeing this week isn’t the frenzy about to burst; it’s investors preparing for the frenzy. Potential changes Trump could make to the American system starting January 20th may provide a massive boost to crypto. Of course, Cardano wouldn’t be the only one benefiting from such changes.
Below, we’re examining three potential alternatives for Cardano that could rise significantly if the cryptocurrency market experiences another surge in activity. These smaller cryptos carry more risk but can still be purchased at a fixed low price during the pre-sale.
Wall Street Pepe ($WEPE) is one of the hottest new meme coins currently. Since its launch in December, its presale has amassed over $48 million. Now, with increasing attention and potential for growth, it shows the most promise to rise following the presale.
As an analyst, I find it intriguing that many meme coins grab attention primarily because traders are speculating on price fluctuations. However, Wall Street Pepe takes a step further by allowing token holders to gain access to an exclusive community. Within this community, members receive elite trading insights that could potentially lead to even greater profits.
Grinding. Stacking. Focused on the green.
— Wall Street Pepe (@WEPEToken) January 14, 2025
The community is exclusive for token holders, meaning that if high-quality trading insights drive demand for $WEPE beyond its current ceiling, you could end up paying significantly more for it. However, today its fixed low price remains at $0.00036648 per token.
Nu naar Wall Street Pepe
Cardano has grown significantly since November, but it’s not yet ready to compete with Solana. Solana is very popular among meme coin traders, but it’s far from perfect. Solaxy ($SOLX), the first Layer-2 on Solana, aims to solve Solana’s issues and its native token, SOLX, is still available for purchase in the presale today.
Solaxy is a brand-new blockchain that’s about to go live soon. This means that $SOLX has great potential to rise in value, especially as more projects start running on this chain. Plus, you’ll enjoy the benefits of Solana without the risk of interruptions or failed transactions.
$SOLX serves as the key to the new blockchain and offers exclusive staking rewards during presale. Today, you can buy $SOLX for just $0.0016 per piece, while staking the tokens yields an annual percentage yield of 337%. Solaxy might be a project worth keeping an eye on.
Nu naar Solaxy
As a researcher, I’m excited to delve into the latest crypto presale live this week – Pepe Mind ($MIND). Remarkably, it has almost reached its initial $1 million mark at the time of writing. With this new project garnering attention, today presents an opportunity for early-bird investors to join the first wave.
To put it simply, what’s Pepe’s MIND? If you’ve kept an eye on the market trends, AI is receiving a lot of attention right now, and this benefits MIND as well. Essentially, MIND of Pepe is an artificial intelligence agent that analyzes social media platforms and eventually launches its own tokens. Those who hold $MIND will be the first to gain access.
As a crypto investor, I’m excited about the opportunity to purchase $MIND tokens at just $0.0031134 per token. With a predicted rise within the next 24 hours, early investors stand to benefit significantly from this low price point. Furthermore, high staking rewards add to the allure. Stake your tokens now for an impressive APY of 1810%, equivalent to approximately 50% extra tokens daily!
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2025-01-15 13:17