Wednesday, June 11, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Can ADA Scale Past $1 Next Month?

Simon Osuji by Simon Osuji
November 28, 2024
in Business
0
Can ADA Scale Past $1 Next Month?
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Cardano is currently one of the most promising cryptocurrencies in the market. The fact that the token has briefly touched the $1 mark is indeed praise-worthy, considering ADA’s inability to break past the threshold in the early months of the year 2024. The token has certainly claimed a new milestone, but will it be able to hold its momentum next month? Let’s find out.

Also Read: VeChain: AI Predicts VET Price For December 1, 2024

Cardano Price Trajectory: Bullish Market Momentum and More

CardanoCardano
Source – Zipmex

The current bull market is a result of a multitude of elements. For instance, the fact the US is all set to welcome a pro-crypto regime with Elon Musk and Donald Trump leading the way is a promising sign for the cryptocurrency realm. As the nation anticipates new elemental changes in the overall cryptocurrency domain, the optimism related to new crypto policies is also rising. Investors are hoping for the US to bring in regulatory clarity to help them explore a new domain without additional worries. As Trump is all set to take over the white house, Bitcoin has soared past the $95K domain to hit $99K but has recently returned to trade around $96K at press time.

Cardano, in the middle of this, seems to be reacting positively to this change. As Bitcoin soared to hover around the $100K mark, the crypto market optimism is further bolstering ADA. Per Santiment, the token has tripled its market cap as of late, with traders basking in the highest profit rates in the last 8 months.

“🤑 Cardano has tripled its market cap over the past 17 days, amazingly bringing it to the cusp of surpassing a $1.00 market value for the first time since April, 2022. Today was the highest day of trader realized ADA profits in 8 months, and social media discussions are currently at their highest level for the coin in 11 months.”

🤑 Cardano has tripled its market cap over the past 17 days, amazingly bringing it to the cusp of surpassing a $1.00 market value for the first time since April, 2022. Today was the highest day of trader realized ADA profits in 8 months, and social media discussions are currently… pic.twitter.com/qP0Kgq764n

— Santiment (@santimentfeed) November 22, 2024

Also Read: Ripple: Will XRP Hit $2 In December 2024?

The Token’s Price Forecast For December 2024

Per CoinCodex, Cardano is currently sitting at $1.02, up 5% in the last 24 hours. The token is all set to explore another high in December, possibly trading at a new price spot of $1.22 by December end of 2024.

Image: CoinCodex

“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 19.29% and reach $ 1.220809 by December 27, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 75 (Greed). Cardano recorded 21/30 (70%) green days with 40.29% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”

Also Read: Walmart Stock a Buy at ATH: Can WMT Build on 72% Surge?

Related posts

RIAs pull back from US stocks, Interactive Brokers survey reports

RIAs pull back from US stocks, Interactive Brokers survey reports

June 11, 2025
Ocean Infinity and Cyan Renewables Team Up for Asia-Pacific’s Offshore Wind

Ocean Infinity and Cyan Renewables Team Up for Asia-Pacific’s Offshore Wind

June 11, 2025

Source link

Previous Post

Global lender IMF warns Kenya about receiving UAE loan

Next Post

Enabling Innovation In Harm Reduction Through Science-Led Regulation And Policymaking

Next Post
Enabling Innovation In Harm Reduction Through Science-Led Regulation And Policymaking

Enabling Innovation In Harm Reduction Through Science-Led Regulation And Policymaking

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Festive Cybersecurity: A Guide for Parents and Kids – IT News Africa

Festive Cybersecurity: A Guide for Parents and Kids – IT News Africa

1 year ago
Nissan To Go All-Electric By 2030 Despite Petrol Ban Delay

Nissan To Go All-Electric By 2030 Despite Petrol Ban Delay

2 years ago
Angola’s $3.8 Billion Chinese-funded Airport Opens After 18 Years

Angola’s $3.8 Billion Chinese-funded Airport Opens After 18 Years

7 months ago
The Family Office launches Financial Goal in the UAE

The Family Office launches Financial Goal in the UAE

1 month ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.