Analyst Tips Cardano To Reach $1.55 In Next 160 Days, But This Decentralized Platform Could Do It First
The post Analyst Tips Cardano To Reach $1.55 In Next 160 Days, But This Decentralized Platform Could Do It First appeared on BitcoinEthereumNews.com. As Cardano, (and its indignant founder Charles Hoskinson), recovers from the recent FUD regarding its initial token sale, analysts are eyeing the ADA price with interest. Can the Cardano price really double from its current listing at $0.82? Find out what the experts have to say, and if there are other similar opportunities with newer coins. Cardano (ADA) Falling Wedge Breakout Signals Potential Rally Ahead As BTC surges, most, but not all cryptos in the top 100 are doing well. And Cardano is one of the ones showing a lot of positive price action. In May alone, ADA has jumped from $0.63, to its current level of $0.82. As the analyst The Crypto Basic (@thecryptobasic) pointed out, the coin is getting more attention from Japanese traders, posting a 24-hour trading volume of $121.5 million. Twitter’s @Jimmy6xx9 notes that ADA has broken out of a falling wedge and is currently consolidating just above a breakout level. They have specified targets of $0.81, then $1.00, then $1.18. BitMonty (@Bit_Montie) is even more bullish, seeing that ADA has successfully escaped the $0.70 zone, and predicts targets of $1.1032, $1.3127, and $1.4846. While technical analysis is very important, nothing in crypto happens in a vacuum, especially in a bull market. Cardano’s TVL is rising steadily and now sits at $476.9m. That’s pretty low in comparison to chains like Ethereum, Solana, Tron, BSC, and many more, whose market caps sit in the billions. Still, as Cardano is much newer to dApps, it’s to be expected. Also, Cardano is now focusing on its Midnight sidechain, a privacy-focused layer that will run alongside the mainnet. This focus on privacy is possible thanks to the new US administration, and the chain will use zk proofs in sectors that need confidentiality, such as healthcare and finance. The chain is…

The post Analyst Tips Cardano To Reach $1.55 In Next 160 Days, But This Decentralized Platform Could Do It First appeared on BitcoinEthereumNews.com.
As Cardano, (and its indignant founder Charles Hoskinson), recovers from the recent FUD regarding its initial token sale, analysts are eyeing the ADA price with interest. Can the Cardano price really double from its current listing at $0.82? Find out what the experts have to say, and if there are other similar opportunities with newer coins. Cardano (ADA) Falling Wedge Breakout Signals Potential Rally Ahead As BTC surges, most, but not all cryptos in the top 100 are doing well. And Cardano is one of the ones showing a lot of positive price action. In May alone, ADA has jumped from $0.63, to its current level of $0.82. As the analyst The Crypto Basic (@thecryptobasic) pointed out, the coin is getting more attention from Japanese traders, posting a 24-hour trading volume of $121.5 million. Twitter’s @Jimmy6xx9 notes that ADA has broken out of a falling wedge and is currently consolidating just above a breakout level. They have specified targets of $0.81, then $1.00, then $1.18. BitMonty (@Bit_Montie) is even more bullish, seeing that ADA has successfully escaped the $0.70 zone, and predicts targets of $1.1032, $1.3127, and $1.4846. While technical analysis is very important, nothing in crypto happens in a vacuum, especially in a bull market. Cardano’s TVL is rising steadily and now sits at $476.9m. That’s pretty low in comparison to chains like Ethereum, Solana, Tron, BSC, and many more, whose market caps sit in the billions. Still, as Cardano is much newer to dApps, it’s to be expected. Also, Cardano is now focusing on its Midnight sidechain, a privacy-focused layer that will run alongside the mainnet. This focus on privacy is possible thanks to the new US administration, and the chain will use zk proofs in sectors that need confidentiality, such as healthcare and finance. The chain is…
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