Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11975
Markets: 92589
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11975
Cryptocurrencies
54.28%
Bitcoin Share
coinpedia 2024-11-30 11:14:34

Cardano Price Prediction: Analyzing Key Factors That Could Drive ADA to $10

Cardano Price Prediction: Analyzing Key Factors That Could Drive ADA to $10

The post Cardano Price Prediction: Analyzing Key Factors That Could Drive ADA to $10 appeared first on Coinpedia Fintech News With a market cap of $39,558,480,210, Cardano is the fifth largest Layer 1 cryptocurrency. In the last 30-days, the ADA market has seen a growth of 211.1% – the highest among the top ten L1 coins. However, the current ADA price of $1.1117 is at least 178.94% lower than its all-time high of $3.101. Many believe that ADA could reach as high as $10 in the current bull cycle. Let’s examine the key factors that could influence Cardano’s potential to hit $10. Whales and Liquidity Inflows: A Bullish Sign for ADA? In the last 24 hours, the total transitions of whales in the Cardano market have hit at least 26.09 billion ADA. Data shows that the weekly whale accumulation has grown from 26 billion to 41.83 billion. What this data generally suggests is: increasing liquidity. If the current whale trend continues, it could push the ADA price higher. Cardano’s Developer Activity and Ecosystem Growth Many see Cardano as one of the most active Layer 1 protocols in terms of developer activity. Recently, through the Chang hard fork upgrade, it transitioned to decentralised governance, and, through the Hydra Doom testing campaign, it pushed scalability limits with community participation. The platform’s commitment to continuous improvement remains one of the reasons why it still continues to be one of the most popular Layer 1 chains. Users’ trust in the platform may also drive the growth of ADA. Bitcoin Correlation: A Catalyst for ADA’s Growth Reports say Cardano has a correlation coefficient of 0.94 with Bitcoin. This implies that there is a high chance that Bitcoin’s growth could impact the price of Cardano positively. In the last 30 days, the Bitcoin market has seen a growth of 34.2%. On November 22, the BTC market reached a new all-time high of $98,888.09. The current BTC price of $96,732.87 is just 3.377% below its $100K milestone. Bitcoin enthusiasts anticipate massive growth in the BTC market. Reports indicate that currently the market enjoys the support of institutional players. Experts predict that BTC could reach the milestone of $100K soon. In conclusion, whale activity, developer upgrades and Bitcoin correlation may play a crucial role in the future price momentum of Cardano.

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
54.28%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.