Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15

Cardano (ADA) is finally at stage three of this current market cycle, with analysts foreseeing a massive 4,500% price rally to $15. This projected price increase is set to offer dedicated investors and holders a small window of opportunity to make gains from the popular altcoin.  Cardano (ADA) Set Sights On $15 Price Surge Crypto [...]

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Cardano Price Prediction: The Roadmap To New All-Time Highs

Crypto analyst Dan Gambardello has highlighted the Cardano (ADA) roadmap to a new all-time high (ATH). The analyst also suggested that Cardano was halfway to reaching a new high, noting what part of its cycle the coin was currently at.   Cardano Is In Stage 3 Of Its Cycle Gambardello remarked in an X (formerly Twitter) [...]

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Analysts Kick Against Cardano Recovery, Says ADA Price Is Destined For 33% Crash

The overall bearish sentiment for Cardano (ADA) continues to rise as analysts now foresee a massive 33% price crash for the altcoin. This pessimistic projection comes as ADA struggles to gain traction in the market, with its value remaining stagnant or steadily dropping to lower levels.  Cardano (ADA) Crash Incoming Compared to other prominent altcoins [...]

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Crypto Analyst Says Cardano (ADA) Is Set For 1,000% Rally To $4.29, Heres Why

Cardano (ADA) has been stuck in a challenging position for the past few years, struggling with stagnant price growth despite being one of the most popular altcoins in the space. A crypto analyst has offered insights into why Cardano has underperformed while also maintaining an optimistic outlook and predicting a 1,000% rally to new highs [...]

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Analyst Predicts 2,200% Explosion Will Send Cardano To $8, Heres When

Cardano has gotten a lot of bullish predictions lately, especially in relation to the much-anticipated Chang upgrade. The upgrade is one of the most important upgrades for the network in a while, and this has triggered a wave of optimism among supporters. Amid this, another bullish prediction has been presented by crypto analyst Alan Santana, who predicts a significant rally for the altcoins price that would send it to new all-time high prices. Where Cardano Is In This Cycle In the last three years, the Cardano price has seen various waves of bullish and bearish cycles, and unfortunately, the bears look to have won out. This began after the ADA price hit its current all-time high price of $3.10 in 2021, and since then, it has been mainly down-only. While this would usually scare off investors, crypto analyst Alan Santana points it out in his bullish analysis. Related Reading: The Shiba Inu Shibarium Suffers 97.6% Crash In Active Accounts, Whats Going On? According to the crypto analyst, the period when the Cardano price hit a new all-time high and 2023 when the price began moving upward, it showed that the altcoin was in a bear market. However, this was followed by a consolidation phase, which lasted from the beginning of 2023 to the end of 2023. Once the consolidation period was done, the ADA price began to see an upside at the start of 2024. This saw its price go from as low as $0.24 to as high as $0.79. This phase, Santana refers to as the initial bullish breakout. Now, the reason this phase is important is it is what the analyst refers to as the entree or appetizer before the major bull-market. This means that is the analyst is right, then this initial breakout is only a preview of whats to come. The decline that followed the local peak of $0.79 has been a source of worry for Cardano investors as the altcoin lost around 50% of its value since then. However, the crypto analyst calls this a minor correction which wouldnt matter much when the bull cycle rolls around. How High Can The ADA Price Go? From the analysis, Santana seems to expect the Cardano price to bottom somewhere around $0.22. Soon after, a bounce is expected to follow the decline, pushing the price even higher. From here, the targets come in, both for the short and long term. Related Reading: This Triangle Pattern Triggered In 2021 Suggests XRP Price Will Surge 5,000% To $32 Short-term targets include a 284.5% increase to $1.36, and a 475.39% increase to $2. Over the long term though, the crypto analyst expects much more explosive rallies for the ADA price. Two in particular stand out: One is a 1,272.18% increase to a new all-time high of $4.8. While the most notable rally is a 2,200% increase that would put the price at $8. Featured image created with Dall.E, chart from Tradingview.com

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Cardano Investors React To 14% ADA Price Surge To $0.37

On-chain data has provided insights into how Cardano (ADA) investors will likely react to the crypto token’s recent price surge. Cardano has been one of the leading gainers in the crypto market in the last seven days, with a price gain of over 14% during this period.  Related Reading: Cardano Chang Upgrade Launch: ADA Sees 52% Explosion In Major Metric Cardano Could Face Significant Selling Pressure Cardano could face significant selling pressure from investors who recently entered the money following the crypto tokens price surge. Data from the on-chain analytics platform Santiment shows that over an additional 12% of Cardanos supply is now in profits, which could pave the way for the holders of these tokens to secure their profits, especially considering Cardanos unstable price action so far in this market cycle.  Despite its recent price gains, Cardano has been one of the most underperforming coins since the start of the year and boasts a year-to-date (YTD) loss of over 35%. As such, Cardano holders are likely to be more compelled to secure their profits rather than hold on to the belief that this recent price surge is a bullish reversal rather than a relief bounce.  The recent transaction pattern among these Cardano holders also suggests that they are losing confidence in the crypto token and are likely to secure their profits as soon as possible. Data from the market intelligence platform IntoTheBlock shows that the average holding time of coins transacted in the last thirty days has been 5 months, indicating that Cardano holders are paper-handing their tokens.  Meanwhile, further data from IntoTheBlock shows how many addresses could offload their tokens if these Cardano holders begin to secure profits. 481,370 ADA addresses bought the crypto token between the price range of $0.3 and $0.35. This set of investors could be the first to begin securing profits, considering that they could easily fall out of the money if Cardanos recent price surge is simply a relief bounce. A Guide For ADA Investors Crypto analyst Trend Rider recently provided a guide for Cardano holders, which he stated they could use as a master plan to stay calm and tune out the noise. This guide came in the form of a chart that showed key levels holders should watch out for and use in making a well-thought-out investment decision.  The analyst stated that the range between $0.22 and $0.31 is a liquidation zone, which presents a strong buying area for those who want to add to their positions. He further stated that the main barrier zone for Cardano is between $0.42 and $0.55, noting that this area is ideal for taking profits.  He added that Cardano could enjoy a quick rally to $0.75 if it breaks above this main barrier zone. The analyst claimed $0.75 is the final boss resistance, a prime spot to take profits.Those with greater conviction in Cardano might want to hold the crypto token for much longer if it hits $0.75. Trend Rider stated that a break above $0.75 means the crypto token is entering bull market territory.  At the time of writing, ADA has been trading at around $0.379, which is up almost 4% in the last 24 hours, according to data from CoinMarketCap. Related Reading: Cardano Price Poised To Hit $2.88, Following Solanas Fractal: Crypto Analyst Cover image from Dall-E, chart from Tradingview

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Cardano Chang Upgrade Launch: ADA Sees 52% Explosion In Major Metric

The excitement continues to build within the Cardano (ADA) community as the highly anticipated Chang hard fork gets ready to launch. Ahead of the upcoming upgrade, ADA, the native token of the Cardano ecosystem, has exploded by over 52% in this key metric.  Cardano Releases Date For Chang Upgrade Intersect, a member-based organization for the Cardano ecosystem, took to X (formerly Twitter) on August 20 to provide comprehensive details and updates on the Chang hard fork. The organization has unveiled key dates for the Chang upgrade launch, highlighting that the majority of preparations are already finalized. Related Reading: Ethereum Metrics Turn Positive: Can This Drive A New ATH Above $5,000? According to Intersect, the Chang hard fork group held a meeting recently to review and discuss the progress of the projects desired thresholds and to gather valuable feedback from the Cardano community. With most of the preparations complete, they have proposed the first set of dates for the hard fork on the production mainnet.  The target date for the Chang #1 hard fork is set for Tuesday, August 27. However, a final decision on whether or not to proceed with this date will be made on Friday, August 23. The official date has been decided based on the readiness of certain key metrics, which have shown steady progress over the past weeks.  Intersect disclosed that the Chang hard fork group has verified and confirmed that the key components and tooling for the upgrade are set. This includes readiness of the Stake Pool Operator (SPO), exchange liquidity, and updates from Decentralized Applications (DApps). The team has affirmed that all components have exceeded expectations.  Furthermore, intersect noted that the formal process for initiating the hard fork will begin with a four-day lead time to conclude all necessary governance actions and approvals. In the case of a change of dates, the Chang hard fork team has revealed that the next appropriate window for the upgrade would be on September 3, 2024.  However, for now, all current indications suggest that August 27 is the most viable date for the Chang hard fork launch. In preparation, pre-production will be a hard fork on August 22.  ADA Surges Over 52% In A Key Metric  On August 21, Cardanos native token, ADA, witnessed an unprecedented rise in overall trading volume. Coinglass reports that the cryptocurrency jumped over 54% at the time, underscoring the rising trading activity and interest from investors.  This unexpected volume increase could be signaling a shift in Cardanos price dynamics. Over the past months, the price of ADA has been on a seemingly never ending consolidation phase. However with its surging volume, the cryptocurrency may be indicating a potential end to its price stagnation.  Related Reading: Historical Data Suggests Bitcoin Could Rise 1,000%, Heres Why Although ADAs volume rose above 54% previously, the cryptocurrencys current trading volume is up by 36.21%, at around $428.88 million, according to Coinglass. ADAs open interest is also witnessing a slight upward momentum, increasing by 4.66%.  Including the upcoming Chang upgrade, these positive changes in the cryptocurrencys metrics could be fueling Cardanos recent price increase in the last 24 hours. CoinMarketCap data shows that ADAs price has jumped 4.74% and is presently trading at $0.368.  Featured image created with Dall.E, chart from Tradingview.com

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Cardano Rises 8% As Hoskinson Reveals Launch Date For Highly Anticipated Chang Fork

Cardano (ADA) has seen a strong rally over the past week, up nearly 15% amid a broader recovery in the cryptocurrency market. The price spike also comes on the heels of Wednesday’s announcement of the final launch date for the blockchain’s much-anticipated Chang hard fork upgrade. The Chang hard fork, described as a significant evolution [...]

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Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA

Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the tokens large holders.  Cardano Matches Ethereum In Large Transaction Volume Data from the market intelligence platform IntoTheBlock shows that Cardano is witnessing a similar large transaction volume as Ethereum. In the last 24 hours, Cardano recorded a large transaction volume of $6.7 billion, while Ethereum witnessed a large transaction volume of $6.71 billion.  Related Reading: Why Did This Crypto Whale Spend $400 Million Buying Bitcoin Yesterday? This development suggests that Cardano whales have been active these past few days as they look to add more tokens to their positions, especially with the market currently on a dip and as these investors anticipate the much-awaited price rally from ADA. Further data from IntoTheBlock confirms this, as there has been an over 15% increase in large holders net flow over the last seven days.  Data from the on-chain analytics platform Santiment also shows that Cardano whales have added to their positions. These investors, wallets holding between 100,000 and 10 million ADA tokens, collectively bought 120 million ADA tokens between July 17 and August 1. These wallets now hold over 5.69 billion ADA tokens.  An increase in whale activity presents a bullish outlook for the Cardano ecosystem. These investors could influence market prices, and these purchases could spark a significant surge in ADAs price. This will provide a much-needed boost for Cardano, seeing how the crypto token has underperformed since the start of the year.  Cardano has a year-to-date (YTD) loss of over 35% and is one of the most shorted altcoins, thanks to this unimpressive price action. However, Santiment has suggested that a massive turnaround for the crypto token cannot be ruled out since Cardano being heavily shorted increases the chances of liquidations leading to pumps. The on-chain analytics platform claimed these liquidations could act as rocket fuel for a price rally for Cardano. What Will Eventually Spark That ADA Rally? Cardano has failed to enjoy any significant rally despite several bullish developments in its ecosystem this year. The most recent bullish fundamental was the news that the US Securities and Exchange Commission (SEC) no longer considers ADA a security following the amendment of its complaint against Binance.  Related Reading: Crypto Analyst Says Dogecoin Price Will Rise Over 7,200% To Reach $10, Heres Why Meanwhile, the Chang Hard Fork is underway as Cardano transitions to the Voltaire era and ushers in its most advanced governance system. It is worth mentioning that ADAs price maintained a tepid price movement following the release of node validator software, version 9.1.0, which incorporates the Chang Hard Fork. As such, Cardanos price action begs the question of what needs to happen for the crypto token to finally witness that much-anticipated price rally and catch up with the rest of the major cap tokens in terms of YTD gains.  At the time of writing, Cardano is trading at around $0.38, down in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Cardano (ADA) loses top 10 crypto spot as Tron sees growth

ADA falls from the top 10 list of largest cryptocurrencies as competing blockchains see an uptick in users. 

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Cardano Sees Massive 150% Volume Surge, Yet ADA Price Stalls With 4% Decline

The crypto market has witnessed a substantial surge in the Cardano trading volume over the last 24 hours. Yet, the blockchain’s native token, ADA, has failed to deliver a proportional price increase.  Bullish Cardano Volume Data According to data from the information platform CoinGlass, Cardano, currently the 11th largest cryptocurrency by market capitalization, has experienced [...]

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Hoskinson Claims Cardano Will Flip Bitcoin As Leading Crypto

In an interview with the hosts of “Altcoin Daily,” a popular cryptocurrency-focused YouTube channel, Charles Hoskinson, the founder of Cardano, made bold assertions about the future of Cardano in relation to Bitcoin. Addressing nearly 1.5 million subscribers, Hoskinson laid out a vision for Cardano that he believes will not only compete with but eventually surpass Bitcoin as the world’s leading cryptocurrency. Why Hoskinson Believes Cardano Will Flip Bitcoin Hoskinson’s argument hinges on the unique attributes of the Cardano ecosystem, which he claims will drive its growth to surpass Bitcoin. He outlined a comprehensive strategy that leverages global adoption and technological superiority to position Cardano at the forefront of the crypto space. “If we can do what I’m saying, there’s no way to beat Cardano,” Hoskinson claimed, adding, “At the end of the day, it has lived up to what Satoshi started.” Related Reading: Institutional Investors Show Interest In Cardano, Triggering 300% Surge He drew attention to the global efforts underway to integrate Cardano into various economic and political systems. These efforts, according to Hoskinson, are not isolated but part of a coordinated push to establish Cardano’s utility across continents. “Some people are in Argentina right now and they’re fighting like hell to get the Argentine government to adopt some things. Some people are in Ghana right now fighting like hell to get the Ghana government to do things,” he elaborated. Elaborating on the dynamics to build a system of global size, Hoskinson claimed: So if you build a growth engine that doesn’t lose its people and it’s always adding people and you build a growth engine where you can absorb all the technology of your competitors at some point, you just outgrow and then you wake up and it’s a multi-trillion dollar ecosystem with trillions of dollars of value moving around around every single day. Related Reading: Cardano Among Alts Likely To See Price Boosts, Santiment Says Central to Cardano’s strategy is the empowerment of a decentralized community that actively contributes to the platform’s development. Hoskinson detailed the operational dynamics within the Cardano ecosystem, noting the presence of over 300 decentralized applications (dApps) that are not only live but thriving. “Every one of them has a team and a CEO and all kinds of people, and they’re fighting like hell to get their stuff growing,” he emphasized. Bitcoin = MySpace? The Cardano founder stressed the importance of designing systems that bring communities together to take collective action towards common goals. This community-centric approach, he argued, is what will ultimately enable Cardano to “flip” Bitcoin. He asserted that Bitcoin’s current value proposition mirrors that of legacy technologies like Yahoo and Myspace, which dominated their markets until they were disrupted by more adaptable and innovative competitors. Bitcoin stalled. The only value proposition it has is it’s big and successful, that’s it. It’s not some new technology, it’s not some new capability, it’s not the fact that it’s super easy to use it to go and do something interesting. It’s big and successful, that’s what Yahoo’s value proposition was. […] That’s what Myspace’s value proposition was. Network effects don’t mean anything in technology, Hoskinson said. The Cardano founder also discussed the upcoming release of Midnight, a new development in the Cardano network, which he believes will catalyze the addition of hundreds of partner chains. There’s people wanting to be partner chains and once Midnight is out and if it’s successful, there’ll be hundreds of partner chains coming and people are building and launching, according to Hoskinson. In conclusion, Hoskinson reiterated his belief in the foundational principles of decentralization, first principles thinking, and the creation of an incentivized, integrity-preserving system. These elements, he asserted, are essential for building a technological infrastructure that can serve as the voting, payment, and identity systems for countries worldwide. The only way is embracing decentralization, first principles thinking, preserving the Integrity of your system and creating the right incentives for millions of people who don’t know each other to come and use that technology in the right way and also the ability to absorb new ideas. At press time, ADA price stood at $0.3855. Featured image from YouTube / Charles Hoskinson, chart from TradingView.com

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Why is Cardano (ADA) price up today?

Steady network growth and Charles Hoskinsons network update are boosting Cardanos prices at the start of this week.

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Cardano (ADA) Founder Claps Back At Dead Coin Comments, Issues Reminder To The Community

Cardano Founder Charles Hoskinson responded to Ben Armstrongs comments about ADA status as a dead coin. Hoskinsons reply sparked a conversation about the state of the crypto industry and whats valued in projects. Cardano And Polkadot Labeled Dead Coins On Wednesday, crypto influencer Ben Armstrong, known as BitBoy Crypto, shared his thoughts on Cardano (ADA) [...]

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Institutional Investors Show Interest In Cardano, Triggering 300% Surge

Cardano (ADA) has witnessed a massive 300% surge in Exchange Traded Product (ETP) inflows. The unexpected influx of capital from institutional investors could set the stage for a potential uptrend ahead of the Chang hard fork.   Cardano Inflows Skyrocket 300% On July 29, CoinShares, a leading firm in the crypto ETP industry, released a weekly [...]

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Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA

Cardano is at a significant milestone with the impending Chang hard fork. This pivotal moment follows the recent upgrade of its node validation software before the upgrade goes live. As the Cardano ecosystem gears up for this major update, the network is experiencing a surge in activity that could determine its trajectory in the coming [...]

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Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA

Cardano (ADA) is currently in a pronounced seven-day decline, which was exacerbated by a fresh descent below the $0.41 mark. This decline is part of a broader trend observed across many altcoins, which have reacted negatively to Ethereum’s significant drop in the last 24 hours. The decline represents a correction from a bullish run that began earlier in the month, during which ADA holders saw good gains. Consequently, this up-and-down movement has created some critical support and resistance levels for ADA, which will be crucial for investors to monitor in the coming days. The market sentiment has shifted considerably, and traders are now focusing on these key levels to gauge whether ADA might rebound or continue its downward trajectory. Important Price Levels For ADA At the time of writing, Cardano is trading at $0.3963 and has corrected by 11.6% from a peak of $0.4485 in the past 48 hours. Zooming out on a monthly timeframe shows that the cryptocurrency is merely correcting after a strong bullish run. During this run, ADA surged from $0.3213 to $0.4545 within a week, representing an impressive increase of 41.5%. However, the $0.45 level acted as a significant resistance point, causing ADA to reverse and enter a consolidation phase between $0.45 and $0.40, which was followed by a recent breakdown below the support.  Related Reading: Will Bitcoin Reach A New All-Time High? Crypto Analyst Reveals Why $90,000 Is Possible According to a technical analysis by a crypto analyst, this consolidation movement created a pattern similar to a small bullish flag, and a breakout above $0.45 to the upside could push ADA to $0.6. This suggests that ADA could soon bounce back up on a support level and resume its uptrend.  On the other hand, analyzing ADA’s price movement suggests a break to the downside could push it to as low as a final key support level at $0.32 and cancel all of the gains it made earlier in the month. However, this is less likely to happen in the short term, as ADA now finds itself hovering around the $0.40 price level.  Whats Next For Cardano? According to blockchain analytics firm Santiment, Cardano (ADA) is one of three cryptocurrencies with significantly negative funding rates on major exchanges. However, Santiment suggests that this may not be entirely detrimental. The heavily negative funding rates indicate a high probability of a price boost from the potential liquidation of short positions. Related Reading: Golden Cross Appears On XRP Price Chart, Factors That Could Drive A Fresh Rally Over the past five weeks, Cardano has been consistently shorted on exchanges. Should these shorts be liquidated by even a minor price increase, it could trigger a substantial price surge. This liquidation could act as a catalyst, propelling ADA’s value on an extended surge above $0.6. A potential catalyst for a price increase could be the highly anticipated Chang Hard Fork upgrade to the Cardano blockchain. Featured image created with Dall.E, chart from Tradingview.com

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Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?

Despite the crypto market recovery, a large number of Cardano holders are still nursing losses, leading to speculations as to why this is the case. Data from IntoTheBlock shows that the altcoin is the worst performer in terms of profitability when it comes to the top 10 largest cryptocurrency by market cap, disappointing holders and [...]

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Stock Analyst Expects a 3,000% Cardano Upsurge to $13+ if History Repeats

A well-respected stock and crypto analyst on TradingView believes Cardano could rise 3,000% above $13 if its history repeats. The…

The post Stock Analyst Expects a 3,000% Cardano Upsurge to $13+ if History Repeats first appeared on The Crypto Basic.

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Cardano ADA Poised For Breakout: Analyst Predicts Surge Beyond $0.45 Resistance

Cardano (ADA) is now in the limelight with many events planned to happen in the near future. Crypto analyst Sssebi has recently shared his observations on X post, stating that Cardano is set to experience a significant price surge following a period of ranging. The analyst noted that ADA from the Cardano has been consolidating […]

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