After the recent consolidation, Cardano resumed its recent bull run in the past 12-24 hours with another double-digit surge that pushed it to over $1 for the first time in over two years.<\/p>\n
In the process, its market cap has soared to almost $40 billion, according to CoinGecko, making ADA the eighth-largest cryptocurrency by that metric after it surpassed USDC\u2019s $38.8 billion.<\/p>\n
<\/a>ADAUSD. Source: TradingView<\/p>\n Perhaps it all started two weeks ago when IOG\u2019s founder, Charles Hoskinson, said<\/a> he will spend a portion of his time in 2025 working alongside the Trump administration on establishing a more favorable and fair crypto policy in the US. At the time, ADA exploded by 30% daily and neared $0.6.<\/p>\n Hoskinson continued with his interactions and hints<\/a> about something big in the following weeks, and ADA kept climbing. It surpassed $0.72 last weekend, and speculations started to emerge about whether it could \u201cdo an XRP\u201d and shoot<\/a> above $1.<\/p>\n It consolidated at around $0.8 for a few days but initiated another leg-up on Friday evening that pushed it to $0.9. The bulls kept their foot on the gas pedal, and ADA indeed blasted through the $1 milestone hours ago. Moreover, the asset jumped to a 2.5-year peak of $1.15 earlier this morning before retracing slightly to $1.08.<\/p>\n ADA has gained over 200% in the past month, which is second only to Dogecoin\u2019s 230% surge<\/a> from the top 15 cryptocurrencies.<\/p>\n With $1 already hit during this cycle, crypto analysts and commentators started to highlight new targets for ADA for the upcoming months. Interestingly, the most frequently mentioned one is quite optimistic \u2013 $10.<\/p>\n See you at $10 #ADA<\/a><\/p>\n \u2014 Deezy.eth (@deezy_BTC) November 23, 2024<\/a><\/p>\n\n If ADA\u2019s supply remains the same as it is now, a price tag of $10 would mean that its market capitalization will skyrocket to roughly $400 billion. To put things into perspective, this would help ADA rival ETH, which now has such a market cap.<\/p>\n To get there, though, ADA would need to overcome several resistance levels on its way, including the all-time high of September 2021 of $3.09 (CoinGecko data) and $3.5, according to Beastlorion, who shared an interesting chart on X.<\/p>\n $ADA<\/a> Bull target this cycle: I\u2019m thinking $3.5 on the low side, $10 on the high side.<\/p>\n What do you think? pic.twitter.com\/83zLRLx41M<\/a><\/p>\n \u2014 Beastlorion\ufe0f (@Beastlyorion) November 20, 2024<\/a><\/p>\n\n The post Cardano (ADA) Shoots Up by 23% Daily to Above $1, Surpasses USDC<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" After the recent consolidation, Cardano resumed its recent bull run in the past 12-24 hours with another double-digit surge that pushed it to over $1 for the first time in over two years. In the process, its market cap has soared to almost $40 billion, according to CoinGecko, making ADA the eighth-largest cryptocurrency by that […]<\/p>\n","protected":false},"author":0,"featured_media":22885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22884","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\/22884"}],"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=22884"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22885"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ADA\u2019s Recent Rally<\/h2>\n
Can it Go to $10?<\/h2>\n
![<\/a>ADAUSD. Source: TradingView<\/p>\nADA\u2019s Recent Rally<\/h2>\nPerhaps it all started two weeks ago when IOG\u2019s founder, Charles Hoskinson, said<\/a> he will spend a portion of his time in 2025 working alongside the Trump administration on establishing a more favorable and fair crypto policy in the US. At the time, ADA exploded by 30% daily and neared $0.6.<\/p>\nHoskinson continued with his interactions and hints<\/a> about something big in the following weeks, and ADA kept climbing. It surpassed $0.72 last weekend, and speculations started to emerge about whether it could \u201cdo an XRP\u201d and shoot<\/a> above $1.<\/p>\nIt consolidated at around $0.8 for a few days but initiated another leg-up on Friday evening that pushed it to $0.9. The bulls kept their foot on the gas pedal, and ADA indeed blasted through the $1 milestone hours ago. Moreover, the asset jumped to a 2.5-year peak of $1.15 earlier this morning before retracing slightly to $1.08.<\/p>\nADA has gained over 200% in the past month, which is second only to Dogecoin\u2019s 230% surge<\/a> from the top 15 cryptocurrencies.<\/p>\nCan it Go to $10?<\/h2>\nWith $1 already hit during this cycle, crypto analysts and commentators started to highlight new targets for ADA for the upcoming months. Interestingly, the most frequently mentioned one is quite optimistic \u2013 $10.<\/p>\nSee you at $10 #ADA<\/a><\/p>\n\u2014 Deezy.eth (@deezy_BTC) November 23, 2024<\/a><\/p>\n\nIf ADA\u2019s supply remains the same as it is now, a price tag of $10 would mean that its market capitalization will skyrocket to roughly $400 billion. To put things into perspective, this would help ADA rival ETH, which now has such a market cap.<\/p>\nTo get there, though, ADA would need to overcome several resistance levels on its way, including the all-time high of September 2021 of $3.09 (CoinGecko data) and $3.5, according to Beastlorion, who shared an interesting chart on X.<\/p>\n$ADA<\/a> Bull target this cycle: I\u2019m thinking $3.5 on the low side, $10 on the high side.<\/p>\nWhat do you think? pic.twitter.com\/83zLRLx41M<\/a><\/p>\n\u2014 Beastlorion\ufe0f (@Beastlyorion) November 20, 2024<\/a><\/p>\n\nThe post Cardano (ADA) Shoots Up by 23% Daily to Above $1, Surpasses USDC<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"After the recent consolidation, Cardano resumed its recent bull run in the past 12-24 hours with another double-digit surge that pushed it to over $1 for the first time in over two years. In the process, its market cap has soared to almost $40 billion, according to CoinGecko, making ADA the eighth-largest cryptocurrency by that […]<\/p>\n","protected":false},"author":0,"featured_media":22885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22884","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\/22884"}],"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=22884"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22885"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/ADAUSD-2.png\"){kind=link}