{"id":21975,"date":"2024-11-20T09:22:49","date_gmt":"2024-11-20T09:22:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=21975"},"modified":"2024-11-20T09:22:49","modified_gmt":"2024-11-20T09:22:49","slug":"bullish-cardano-predictions-as-the-ada-price-hits-two-year-high","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=21975","title":{"rendered":"Bullish Cardano Predictions as the ADA Price Hits Two-Year High"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Cardano (ADA) has surged 120% in two weeks, crossing $0.80. Analysts predict further gains.
\nSpeculation about a Cardano\/Ripple alliance has fueled excitement, though no official announcement has been made yet.<\/p>\n

<\/a><\/p>\n

ADA Keeps Pumping<\/span><\/h2>\n

Some of the leading altcoins, including Solana (SOL), Binance Coin (BNB), Ripple (XRP), and more, have registered minor losses in the past 24 hours. <\/span>However, this is <\/span>not the case<\/span> with Cardano (ADA), <\/span>which stands as<\/span> the top-performing top 20 cryptocurrency today (November 20).<\/span><\/p>\n

At the time of this writing<\/span>, its price is above $0.80, the highest level witnessed since May 2022. The asset has been up a whopping 120% in the last two weeks, and its market capitalization is <\/span>nearing $30 billion.<\/span><\/p>\n

<\/a>ADA Price, Source: CoinGecko<\/p>\n

Many industry participants think ADA might record much more impressive gains during the ongoing bull cycle. The X user CryptosRus <\/span>claimed<\/span><\/a> that the token\u2019s valuation could skyrocket to $6 by July-September next year if it follows \u201ca similar pattern to last cycle.\u201d\u00a0<\/span><\/p>\n

Crypto King also <\/span>noted<\/span><\/a> the resurgence, reminding that most people called Cardano \u201ca scam\u201d when ADA was worth around $0.30 earlier this year. The analyst said the price has soared by 2.5x since then, claiming it <\/span>is poised<\/span> for a further rally.<\/span><\/p>\n

Other analysts envisioning a bright future for Cardano\u2019s native token include FLASH and Lucid. The former believes it is \u201capproaching the <\/span>next<\/span> level\u201d above $1, while the latter outlined some <\/span>important<\/span> factors signaling that it is \u201cabout to go Interstellar.\u201d<\/span><\/p>\n

Some examples <\/span>include<\/span><\/a> Cardano\u2019s high Minimum Attack Vector (MAV) and the fact that there are no scheduled token unlocks (which increase the circulating supply and might lead to a price drop).<\/span><\/p>\n

We\u2019ve recently released a video with some\u00a0<\/span>of the<\/span>\u00a0<\/span>major<\/span> developments surrounding Cardano. Check it out here:\u00a0<\/span><\/p>\n\n

<\/div>\n

Further<\/span>\u00a0Rise Under This Condition?<\/span><\/h2>\n

Crypto X has recently been rampant with rumors that ADA\u2019s price may experience a significant bull run if Cardano makes a strategic alliance with Ripple.<\/span><\/p>\n

The speculation <\/span>was fueled<\/span> after Cardano\u2019s founder, Charles Hoskinson, <\/span>held discussions<\/span><\/a> with top executives from the other entity. He <\/span>had conversations<\/span> with Ripple\u2019s CEO, Brad Garlinghouse, and the company\u2019s CTO, David Schwartz.\u00a0<\/span><\/p>\n

Hoskinson recently <\/span>indicated<\/span><\/a> that he will spend some <\/span>of his<\/span> time helping the Donald Trump administration establish a comprehensive regulatory environment for the cryptocurrency industry. For his part, Garlinghouse <\/span>was <\/span>rumored<\/span><\/a> to have met the now-elect American president or someone from his cabinet to discuss possible reforms involving the digital asset sector. As such, the two execs might have touched upon that topic.<\/span><\/p>\n

However, the exact point of discussion remains unknown, and there has been no official announcement about a Cardano\/Ripple partnership. It will be interesting to follow the updates <\/span>on the matter<\/span> and see ADA\u2019s price reaction if the two entities decide to shake hands.\u00a0<\/span><\/p>\n

The post Bullish Cardano Predictions as the ADA Price Hits Two-Year High<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Cardano (ADA) has surged 120% in two weeks, crossing $0.80. Analysts predict further gains. Speculation about a Cardano\/Ripple alliance has fueled excitement, though no official announcement has been made yet. ADA Keeps Pumping Some of the leading altcoins, including Solana (SOL), Binance Coin (BNB), Ripple (XRP), and more, have registered minor losses in the […]<\/p>\n","protected":false},"author":0,"featured_media":21976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21975"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21975"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21976"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}