Crypto Analyst Lays Out Cardano’s (ADA) Pathway To $4
Cardano (ADA) recently hit a new all-time high with the rally. The price of the altcoin had surged past $2.5 on Friday to set a new trading record. While the market awaits the release of the Alonzo Purple Hard Fork that would bring smart contracts capability to the network, indicators have shown that the price is nowhere near the end of its run. The increased interest in the project shows that the coin will continue to grow. But just like any asset, there are things that could hinder this growth. This is what crypto analyst, Benjamin Cowen, has taken time out to explain. Related Reading....
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At this point, there is not a crypto investor that has not heard of Cardano. The network is famed for being the number 1 competitor to Ethereum, seeing that one of its co-founders had created Cardano after exiting the project. Its growth has been tremendous in the past month alone. Giving returns of over 100% in the space of a single month alone. Related Reading | Crypto Analyst Lays Out Cardano’s (ADA) Pathway To $4 Cardano’s native token ADA has already broken its previous all-time highs, while most of the market is still trying to get back up to its high points in April/May. This....
Crypto had started to bull in 2020 at the height of the pandemic. Most thought that the financial markets would suffer greatly when most of the world went into lockdown, this would turn out to not be the case. Although the various markets had experienced price crashes at the beginning of the pandemic. Then, markets started to pick back up. Both stocks and the cryptocurrency markets had recovered even past their various points before the crash. Related Reading | Crypto Analyst Lays Out Cardano’s (ADA) Pathway To $4 The recovery was at various points attributed to governments providing....
The general crypto market has seen a decline in the last week, with most assets recording significant losses. Solana (SOL), one of the most prominent cryptocurrencies, is down by 11.50% in the last seven days and 16.17% in the last month. Interestingly, popular crypto analyst, Benjamin Cowen has posted a puzzling prediction on Solana, drawing much similarity between the token’s current price movement and historical price data of fellow altcoin Cardano (ADA). SOL To Close 2023 With Losses? According to an X post on August 23, Benjamin Cowem believes Solana’s price movement might be....
Amid increased price fluctuations in the crypto market, Crypto Capital Venture founder Dan Gambardello is bullish about Cardano’s (ADA) future. In his latest YouTube video, Gambardello compared Amazon’s stock price trajectory to Cardano’s, highlighting striking similarities between both companies. While he acknowledged ADA’s two-year-long bearish market conditions, the analyst believes that, like Amazon, Cardano has the potential for long-term growth. Since both entities’ technology differs with varying achievements, he compared the underlying principles and price action. Cardano’s....
Cardano may not be a top gainer in the crypto market but that does not mean that it has fallen behind. During the altcoin rally, the price of Cardano’s native coin ADA has gone from a low of $0.25 to a high of almost $0.4 before correcting back downwards. This positive trend has been preserved even through the crypto market dip and it seems that there is only one thing in the way of Cardano’s rise to a new yearly high. Falling Wedge Pattern Holds Back Cardano According to a crypto analyst on the TradingView website, the one thing that is holding back the Cardano price from mounting a....