• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cardano Price Rises: Analysts Forecast $2 Target Soon

user avatar

by Giorgi Kostiuk

a year ago

Cardano (ADA) has gained significant attention after recording a 6.18% price increase in the last 24 hours, trading at $1.13 and signaling strong bullish market momentum.

Cardano Price Surge and Market Activity

ADA's price increased by 6.18% in the last 24 hours, starting at $1.06 and reaching $1.126. Trading volume rose by 9.91% to $2.25 billion, reflecting growing investor confidence. Cardano's market capitalization reached $39.6 billion.

Bullish Trends and Market Indicators

Cardano has formed a bull pennant pattern, hinting at a significant potential price breakout, as per analysts. Crypto Rand, a well-known analyst, highlighted the attractiveness of Cardano's chart.

Cardano’s chart is one of the best in the current marketplace.Crypto Rand

Analysts' Predictions and Cardano's Future

Experts spotlight targets at $1.20, $1.50, and $2.00 as potential Cardano levels. Continued growth is supported by market demand and technical fundamentals, making Cardano appealing to small and large investors alike.

Cardano shows confident growth, with analysts predicting it will hit the $2 level in the mid-term. With a positive overall cryptocurrency market trend, this asset could lead the next altcoin season.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Goldman Sachs Invests Heavily in Solana Spot ETFs

chest

Goldman Sachs has made substantial investments in Solana Spot ETFs, totaling approximately $108 million, indicating a growing interest in altcoins and a shift towards broader crypto adoption by traditional financial institutions.

user avatarJacob Williams

Connecticut Man Accused of Defrauding Crypto Investors

chest

Elmin Redzepagic, a 24-year-old from Connecticut, is accused of defrauding crypto investors out of nearly a million dollars, which he allegedly gambled online. He faces multiple charges including wire fraud and money laundering.

user avatarZainab Kamara

Hackers Exploit Workforce Monitoring Tool for Ransomware Attacks

chest

Hackers exploit workforce monitoring tool Net Monitor for Employees Professional to deploy ransomware.

user avatarSon Min-ho

JPMorgan Sticks to $266,000 Bitcoin Target Despite Mining Challenges

chest

JPMorgan maintains its long-term Bitcoin price target of $266,000 despite mining challenges.

user avatarAyman Ben Youssef

CFTC Forms New Committee to Collaborate with Crypto Leaders

chest

The CFTC has formed a 35-member Innovation Advisory Committee to engage with the cryptocurrency industry and provide insights for regulatory development.

user avatarTando Nkube

Ethereum Faces Critical Price Levels Amid Market Volatility

chest

Ethereum is struggling to maintain crucial price levels as it retests significant support areas, with analysts warning of potential further declines.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.