Cardano
Cardano Price Prediction as Trump’s New SEC Pick Could Be ADA Supporter
Published
1 month agoon
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adminCardano (ADA) price has experienced a notable rise over the past 30 days, in line with the broader market surge. This positive movement comes as investor interest grows, fueled by the cryptocurrency market’s overall rally. ADA’s upward trajectory is part of a larger trend seen across many altcoins, which have also shown impressive gains recently. The altcoin’s surge coincides with speculation that Donald Trump’s newly appointed SEC chairman could be a supporter of Cardano, potentially adding further momentum
Cardano Price Forecast Could ADA Soar With Trump’s Supportive SEC Nominee
The Cardano price has recently captured the attention of investors. This comes after Donald Trump’s endorsement of a potential new SEC (Securities and Exchange Commission) nominee who strongly supports cryptocurrencies. This surprising political alignment could have significant implications for the price of ADA, which has increased in recent months.
The prospect of a more crypto-friendly SEC leader has fueled optimism within the crypto market. Investors hope the new nominee will take a more lenient stance on crypto regulation. This could allow projects like Cardano, often seen as a technically superior yet undervalued blockchain, to gain more traction.
Trump’s SEC pick has literally spoken at a #cardano summit.
HIGHER. $ADA https://t.co/WgUTz97Nqe pic.twitter.com/jo6JuU4syD
— ADA ape 🌍|| “APE” (Pool) 🛰️ (@TheADAApe) December 4, 2024
ADA Price Bulls Eyes $3 Resistance Level
The latest ADA price is trading at $0.7522, marking a 14% increase over the past week. During this time, the cryptocurrency has experienced notable price fluctuations, ranging between $1.17 and $1.24.
The volatility reflects strong market movements and heightened investor activity. ADA’s impressive price surge of 260% in the last seven days signals bullish sentiment and growing market interest.
At this stage, investors are keenly watching the $1.25 resistance level, hoping that a breach of this price point could trigger further upward momentum. If the Cardano price prediction surpasses this level, it may aim for the next significant resistance at $2. If buying pressure continues, the best altcoin could reach as high as $3.
Currently, the overwhelming majority of contracts, 88.57%, are IntotheMoney, representing a value of $37 billion ADA. In contrast, only 3.62% of contracts, or $1.53 billion ADA, are OutThe Money, while a minor 7.81%, totaling $3.29 billion ADA, are ATM. The data, aligned with a current ADA price, provides investors with a comprehensive overview of the market’s potential movement and sentiment.
Cardano’s price surge and potential support from a crypto-friendly SEC leader present a promising outlook. ADA could see significant gains if momentum persists, targeting higher resistance levels.
Frequently Asked Questions (FAQs)
If the nominee supports cryptocurrencies, Cardano could benefit from more favorable regulation, potentially boosting its price.
ADA is currently testing the $1.25 resistance level, with potential to rise further if it surpasses this point.
Yes, if buying pressure continues, ADA could potentially hit $3, according to recent price movements and market sentiment.
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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ADA
XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez
Published
6 hours agoon
January 9, 2025By
adminA closely followed crypto strategist says XRP is giving off the same bullish signal it flashed late last year before triggering a parabolic surge.
Analyst Ali Martinez tells his 110,100 followers on the social media platform X that XRP may be gearing up for a new leg up based on its SuperTrend indicator.
The SuperTrend indicator is a technical analysis tool that aims to identify potential entry and exit points based on an asset’s trend.
Says Martinez,
“The last time the SuperTrend indicator flipped bullish on the 12-hour chart, XRP went up 470%… It just flipped bullish again.”
At time of writing, XRP is trading for $2.28.
Turning to Cardano, the trader thinks that ADA looks poised for a big rally after breaking out from a bullish continuation pattern on the daily chart.
“Cardano ADA is breaking out of a bull pennant, targeting $3!”
At time of writing, ADA is worth $0.99.
Next up is the top memecoin Dogecoin (DOGE), which the trader says is being gobbled up by deep-pocketed investors.
“Whales bought 140 million Dogecoin DOGE in [24 hours]!”
Martinez also notes that traders are currently bearish on Dogecoin, suggesting that the meme token may be primed to go against the crowd.
“Dogecoin DOGE weighted social sentiment is at -0.60, which means the crowd remains very pessimistic about its upside potential. This might be a good time to be a contrarian!”
At time of writing, DOGE is trading at $0.35.
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altcoin to buy
Top Altcoins to Buy in 2025 That Could Skyrocket in 60 Days
Published
3 days agoon
January 6, 2025By
adminThe crypto market is surging, drawing investors seeking lucrative opportunities. Among the best altcoins to buy, three standout assets show significant potential for explosive growth. Backed by bullish trends and strong fundamentals, these cryptocurrencies are positioned as promising investment options, making them must-watch contenders for major returns in early 2025.
Altcoins to Buy: Cardano (ADA)
Cardano (ADA), a leading third-generation blockchain, is gaining traction for its eco-friendly proof-of-stake (PoS) consensus mechanism. Unlike energy-intensive proof-of-work networks, Cardano offers sustainable solutions. Over the past year, the ADA price has doubled, reaching $1.10. This growth stands out among the top altcoins to buy in 2025, presenting the potential for significant gains within the next 60 days.
Crypto analyst Ali has predicted a bullish breakout for Cardano (ADA), identifying a potential target price of $3. According to his recent analysis, ADA is forming a classic bull pennant pattern on the charts, a formation often associated with upward price momentum.
DexBoss (DEBO)
DexBoss (DEBO) has initiated its token presale, pricing each token at $0.011. The listing price is set at $0.0505. The project introduces a deflationary buyback-and-burn mechanism designed to reduce supply and increase token value. DexBoss seeks to replicate centralized exchange features within a decentralized platform, offering a seamless DeFi experience.
With a fixed supply and growing demand, the project aims to attract investors looking for long-term returns. DexBoss presents a compelling opportunity for individuals exploring decentralized finance advancements and the rapidly growing DeFi ecosystem.
Solana (SOL)
Solana (SOL), an open-source blockchain, is making waves in decentralized finance (DeFi). Supporting various decentralized applications (DApps), the SOL price increased by 4% in the past 24 hours, reaching $217. Over the last year, Solana’s market capitalization has grown by 125%, underscoring its rapid expansion within the layer-one blockchain ecosystem, making it the best altcoin to buy.
Solana led blockchain activity with $3.66 billion in daily trading volume, surpassing Ethereum’s $1.714 billion. Base followed with $1.207 billion, while Binance Smart Chain (BSC) and Sui recorded $877.64 million and $370.76 million, respectively.
Investors seeking altcoins to buy in 2025 should consider these three assets for their potential to outperform in the near term. With solid fundamentals and growth-driven roadmaps, they remain strong contenders for notable gains within a bullish crypto market cycle.
Frequently Asked Questions (FAQs)
Cardano offers eco-friendly PoS, bullish momentum, and a $3 price target.
DexBoss is a DeFi platform with deflationary tokenomics and strong growth potential.
Solana dominates DeFi with high activity and rapid market expansion.
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
Charles Hoskinson Issues Major Cardano Lace Wallet Update
Published
4 days agoon
January 5, 2025By
adminCardano founder Charles Hoskinson took to the X platform recently to inform members of the ADA community of what the future holds for Lace Wallet. He hinted at the numerous upgrades planned out for the Cardano-based light wallet platform this year.
The Potential Lace Wallet Upgrades
In his X post, Hoskinson suggested that Lace would make a debut on multiple platforms. This is in addition to the other new and exciting features that the wallet would welcome.
Only a few days ago, the Cardano Founder voiced his optimism on the possibility for Lace Wallet to become a “powerhouse” this year. This was around the time when the wallet announced that its migration of users from Nami to Lace, was in “full swing. ”
Apart from Lace, the Cardano ecosystem is also working on enhancing other solutions within the ecosystem. In November, Hoskinson engaged Ripple’s CTO David Schwartz in a technical discussion around Midnight and XRP.
As a privacy-focused blockchain project, Midnight is designed to enhance secure data handling while also maintaining regulatory compliance. Hoskinson is very positive about Midnight’s potential to drive the evolution of privacy-centric Decentralized Applications (dApps) and further blockchain development.
Their discussion suggests that there may be an impending collaboration between Cardano and Ripple in the near future.
In the case of Voltaire, the Chang Hard Fork upgrade, which ushers this decentralized governance era launched in September. This launch put Cardano’s future in the hands of the community to govern.
Consequently, Hoskinson confirmed that his last duty for the ecosystem “is to remove any roadblock for this transition.” He promised to prevent any bottleneck that will derail the plans this year.
The Cardano Bitcoin DeFi Plans
In addition to the different solutions designed by developers in its ecosystem, Cardano has plans to explore Bitcoin DeFi. There is currently a growing clamor for utility around the flagship cryptocurrency and recent partnerships between Cardano and BitcoinOS to create a bridge for both ecosystems.
So far, the Cardano team has been saddled with the responsibility of coming up with a meaningful Bitcoin roadmap demo by May 2025. To achieve its set goals, Charles Hoskinson stated that Cardano will collaborate with Fair Gate Labs, a Multi Party Computational protocol.
Notably, Cardano price is up 3.4% in 24 hours to $1.07 as investors remain hyped by its upgrades and ecosystem plans.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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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