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Cardano (ADA) Price

How Far Can Cardano Price Rise in November?

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2 weeks ago

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Cardano (ADA) price has significantly increased in the last 24 hours, following a broader market surge. The altcoin’s positive trend comes amid increased investor interest as the cryptocurrency market rallies after the recent U.S. elections. Notably, Cardano’s surge aligns with other altcoins that have also rebounded, strongly eyeing more gain in November and further attracting attention from analysts. 

Will Cardano Price Hit New Peaks in November Amid Major Upgrades?

Cardano’s price has shown strong momentum recently, climbing over 10% in the past month, supported by a positive shift in the broader cryptocurrency market. This surge comes as Cardano launches Node 10.1, a significant upgrade that introduces new governance capabilities and prepares the network for the upcoming Chang 2 hard fork. 

Node 10.1.1 is the first mainnet node to support the Chang 2 inter-era hard fork, marking a crucial step for Cardano’s governance evolution. The release also brings enhanced delegation options, allowing stake pool operators (SPOs) to delegate to pre-defined voting choices.

These advancements have spurred optimism that Cardano’s price could push higher in the coming weeks, as the network solidifies its infrastructure and prepares for new functionalities.

Analyst Predicts 70% ADA Price Rally Surge

Crypto analyst ZAYK Charts has highlighted a potential bullish wave for Cardano, indicating a breakout from a falling wedge pattern on the 1-day chart. This technical formation is often seen as a reversal indicator that ADA could experience significant upward momentum.

According to ZAYK Charts’ projections, the breakout could lead to a 60-70% price increase. This optimistic outlook comes as ADA investors anticipate the next move, with bullish sentiment building around the cryptocurrency.

At the time of writing, the ADA price saw an impressive 5.% increase within the past day, trading at approximately $0.3751. Opening at a low of $0.3525, the ADA gradually gained traction, climbing to a high of $0.3771, marking a significant upward trend in the 24 hours. 

The top altcoin price is eyeing a critical resistance level at $0.38, with bullish momentum suggesting a potential breakthrough. If ADA manages to overcome this barrier, analysts expect the cryptocurrency could challenge a more significant resistance point at $0.75.

The Moving Average Convergence Divergence (MACD) indicator on the daily chart shows a positive crossover. The MACD line (blue) stands above the signal line (orange), indicating growing buying momentum. The histogram has also shifted to green, suggesting bullish momentum may be building up.

How Far Can Cardano Price Rise in November?How Far Can Cardano Price Rise in November?
Cardano Price Chart: TradingView

As Cardano continues to build momentum and adopt new upgrades, it could be on track for notable price growth in November. With promising technical indicators and bullish sentiment, ADA may push toward new highs in the weeks ahead.

 

Frequently Asked Questions (FAQs)

Cardano’s Node 10.1 upgrade, increased investor interest, and a positive market rally are key drivers.

Analysts predict a potential 60-70% rally if ADA breaks through key resistance levels.

It introduces new governance and delegation features, preparing the network for the Chang 2 hard fork.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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24/7 Cryptocurrency News

Cardano (ADA) Whale Activity Jumps 145%, Mega Rally to $6 Ahead?

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2 days ago

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November 20, 2024

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The Cardano (ADA) price has been outperforming the rest of the crypto market today with more than 12% gains while extending the rally to $0.83. This comes amid a staggering 145% surge in the Cardano whale accumulation over the past month. Over the last week, ADA has gained nearly 54% being among the top-performing altcoins, with investors soon eyeing a rally to the crucial milestone of $1.0.

Cardano (ADA) Whale Accumulation Triggers Price Rally?

Crypto analyst Ali Martinez pointed out a significant surge in the Cardano whale activity and accumulation. This shows growing confidence in Cardano’s native token ADA. According to Martinez, wallets holding over $10 million worth of ADA have increased their positions by an impressive 145.72% over the past month.

Courtesy: Ali Charts

Furthermore, the Cardano blockchain has also witnessed a healthy uptick in decentralized finance (DeFi) activity on the network. Cardano’s Total Value Locked (TVL) has surged to $479.8 million, approaching its all-time high as the blockchain continues to gain traction, as per the data from DeFiLlama.

This growth comes amid ADA’s rising price and increased activity across decentralized exchanges (DEXes), lending platforms, and other protocols within the Cardano ecosystem. The momentum underscores the expanding utility and adoption of Cardano’s DeFi infrastructure.

This surge in the DeFi activity along with bullish Cardano on-chain metrics shows that the ADA price rally can continue further from here.

Is ADA Preparing for a Mega Rally to $6?

Blockchain analytics platform Santiment reported that ADA is already decoupling from the altcoin pack with the price approaching an 8-month high. The ADA-to-Bitcoin price ratio is also nearing an 8-month peak, reflecting growing strength against the leading cryptocurrency. Santiment noted that current ADA transaction and whale activity levels were last observed in June, just before a 26% surge in the ADA/BTC pair.

As of press time, the ADA price is trading at $0.786 with a market cap of $27.54 billion and daily trading volume surging by 25% to $2.27 billion.

Courtesy: Santiment

On the other hand, crypto analyst Ali Martinez noted that the Cardano price is showing very similar patterns to the 2020 bull run. Sharing a chart earlier in November, he showed that ADA could be heading for a 2000% rally all the way to $6 while hitting a new ADA all-time high. Martinez wrote:

“I believe Cardano is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025”.

Courtesy: Ali charts

On the other hand, Cardano founder Charles Hoskinson is putting some focus on their partnership with XRP. Hoskinson recently engaged in a technical exchange with Ripple CTO David Schwartz, capturing the blockchain community’s attention.

The conversation delved into Midnight, Cardano’s privacy-focused blockchain initiative, and XRP, Ripple’s digital asset, sparking excitement about potential collaborations ahead.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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24/7 Cryptocurrency News

Why Is Cardano Price Poised To Hit ATH Soon?

Published

6 days ago

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November 17, 2024

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Cardano price has been on the investors’ radar lately, as evidenced by the recent ADA rally. Besides, a flurry of developments around Founder Charles Hoskinson has also sparked optimism in the market over further rallies. Amid this, market experts have predicted a strong rally ahead for the crypto.

So, let’s explore the potential reasons that may help ADA price to continue its gain in the coming days.

Reasons Why Cardano Price Poised To Hit ATH Soon

A flurry of recent market developments hints at potential ATH for Cardano price soon. For context, in a recent X post, Cardano founder Charles Hoskinson lauded the ADA community, citing it as the “best community” and said that it has the best entrepreneurs as well. Besides, he also predicted the Voltaire update to make the ecosystem the “finest government ever assembled by humanity.”

This post reveals the founder’s confidence in the community, which could extend the ongoing rally in ADA price. Additionally, Charles Hoskinson visiting Elon Musk’s SpaceX office has also sparked speculations, especially given the individual’s growing influence in the US political landscape.

Besides, Hoskinson has recently said that he would support the Trump Government in shaping crypto legislation. He aims to help the US administration in crafting clear regulatory frameworks for digital assets, which have faced regulatory pressure over the past few years.

ADA Rallies As US Appeal Soars

The recent comments from Ripple CEO Brad Garlinghouse have also sparked market optimism. In a recent FOX Interview, Garlinghouse said that XRP, ADA, SOL, and other crypto issued by the US companies have noted strong rallies in recent days, surpassing other crypto. He said that the anticipation over pro-crypto policies under the Republican government has fueled the rally, while many anticipate the Trump rally to continue to benefit the crypto.

Besides, a flurry of market pundits predicts that crypto to note a strong rally ahead. For context, prominent crypto market analyst Ali Martinez said that Cardano price is poised to hit $6 in 2025, further fueling anticipation over the ADA rally to its new ATH.

Cardano price chartCardano price chart
Source: Ali Martinez, X

Notably, ADA price has recently soared past the $0.78 mark, marking its highest level since March 2024. Besides, Cardano Futures Open Interest also rose more than 20% over the weekend, CoinGlass data showed, indicating the growing confidence of the investors.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Aureal One

4 Crypto That Could Explode in November?

Published

1 week ago

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November 15, 2024

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The cryptocurrency market has experienced a notable surge in November, capturing the attention of investors seeking substantial returns. Several Crypto poised for significant growth this month, presenting promising opportunities for those looking to capitalize on the current bullish trend.

4 Cryptos That Could See Big Moves This November

Bitcoin remains steady above $87,000, while Ethereum trades at just over $3,000. Crypto market action remains mixed, with optimism rising after significant surges across cryptocurrencies. These four crypto show a potential for explosive growth in November, attracting attention amid broader bullish trends. 

Goatseus Maximus (GOAT)

Goatseus Maximus (GOAT) has experienced a remarkable surge, climbing 19% in the last 24 hours to $1.07. This meteoric rise has resulted in an astonishing 900% growth since its debut, placing GOAT among the top cryptocurrencies to watch.

The upward momentum stems from factors such as AI integration, strategic exchange listings, and increased investor interest driven by election dynamics. GOAT price could soon hit an all-time high of $1.14. If current buying trends continue, its price may soar to $1.5 or $2. With robust investor confidence, Goatseus Maximus is quickly establishing itself as a top pick in the crypto market.

4 Crypto That Could Explode in November?4 Crypto That Could Explode in November?
Source: TradingView

Aureal One

Aureal One has launched a highly-anticipated presale for its revolutionary metaverse platform, witnessing rapid traction within minutes. The platform integrates blockchain technology with immersive virtual experiences, blending the metaverse, gaming, and practical real-world applications. The advanced Aureal One Blockchain is at its core, powering two flagship projects: DarkLume and Clash of Tiles. 

AurealOneAurealOne
AurealOne

These projects showcase the blockchain’s innovative capabilities, delivering dynamic and interactive experiences that foster community and personal growth. Boasting a unique ecosystem and state-of-the-art features, Aureal One emerges as a standout investment in the metaverse and virtual reality arena. Investors are keen to capitalize on its immense potential.

Cardano (ADA)

Cardano (ADA), a leading third-generation blockchain, is gaining traction for its eco-friendly proof-of-stake (PoS) technology. This innovative approach differentiates it from energy-intensive proof-of-work (PoW) systems. Over the past year, the ADA price surged by 80%, reaching $0.6624, making it the crypto that could explode. Notably, a 24-hour spike saw a 20% rise, reflecting growing interest in its sustainable blockchain model.

The whale activity in Cardano has surged, significantly affecting the market. Data reveals a recent increase in the percentage of stablecoins held by whales with over $5 million holdings, aligning with a sharp rise in ADA’s price. This trend indicates potential market confidence and could signal continued bullish momentum for ADA, emphasizing growing interest from large investors.

4 Crypto That Could Explode in November?4 Crypto That Could Explode in November?
Source- Santiment

XRP

XRP, a key asset on the decentralized XRP Ledger (XRPL), has surged 20% in the last 24 hours, reaching $0.878127. Known for its open-source, permissionless technology, the XRPL delivers fast, scalable transactions, enhancing its appeal among developers and investors.

Crypto analysts suggest that XRP might be on the verge of a significant price surge, similar to its trajectory in 2017. XRP has broken out of a large symmetrical triangle pattern, a formation that previously preceded a significant rally. The analyst compares this to the 2017 market behavior and estimates that the XRP price could hit $1.96 by the end of November, rising further to $4.80 by the end of 2024 and reaching $23 by January 2025.

November offers enticing possibilities for crypto traders as bullish trends dominate the market. Observing the highlighted tokens may provide valuable insights into opportunities for substantial gains.

Frequently Asked Questions (FAQs)

Aureal One’s innovative blockchain powers a metaverse platform and flagship projects like DarkLume and Clash of Tiles, attracting investors with its futuristic ecosystem.

Cardano’s eco-friendly proof-of-stake (PoS) blockchain and increasing whale activity have led to an 80% price surge this year, with potential for continued growth.

XRP’s breakout from a symmetrical triangle pattern suggests a significant rally is ahead, with projections to hit $1.96 by November’s end.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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