search
Homeweb3.0Cardano (ADA) Is Poised for a Massive Breakout, Market Expert Claims

Cardano (ADA) Is Poised for a Massive Breakout, Market Expert Claims

Nov 09, 2024 pm 10:30 PM
cardano Altcoin Season 1700% Rally Potential

Cardano (ADA) is exhibiting signs of recovery, with renewed strength that could signal the start of an extremely bullish trend.

Cardano (ADA) Is Poised for a Massive Breakout, Market Expert Claims

Cryptocurrency Cardano (ADA) is showing signs of recovery, and its momentum appears to be marking the beginning of an extremely bullish trend. Renowned crypto analyst Javon Marks argues that ADA’s current breakout momentum could just be a harbinger of a bigger rally.

Possibility of huge profits during ADA breakout phase

Marks' tweet indicates that ADA's first breakout target is $2.7709, a massive 531% increase from the current price. On the other hand, if past patterns repeat, ADA could experience gains of more than 1,700% above $7.77.

This bullish ADA mood is in line with broader market trends driven by major cryptocurrencies such as Bitcoin. Bitcoin’s rally is expected to peak at $80,000, heralding the arrival of “altcoin season,” during which alternative coins such as ADA typically exhibit high upward momentum.

About this possibility, crypto news media Crypto News Flash (CNF) previously reported that as Bitcoin rises, Altacoin is making profits, and as this rise continues, ADA is also making profits. It suggests that.

Meanwhile, ADA is trading around $0.4353 at the time of writing, up 2.17% in the past 24 hours and a significant 22.05% over the past week.

Additionally, as previously noted, data from analytics tool Santiment suggests that ADA's price rise may not be temporary. Widespread fear of missing out (FOMO) among retail investors suggests that buying pressure on ADA will increase and the current uptrend will be sustained.

Also, a closer look at ADA's statistics reveals strong support from long-term holders. According to Santiment data, 72% of active addresses holding ADA are long-term investors, suggesting strong confidence in the token's future performance.

This large number of long-term holders suggests stability. This is because these investors are less likely to sell in response to temporary fluctuations, providing a more solid foundation for ADA's potential upside.

Meanwhile, the Cardano Foundation is actively building strategic alliances with industry giants to improve protocol adoption and decentralization, creating a buzz, according to CNF.

Cardano aims to be known as a leader in the Web3 space, leading initiatives that emphasize decentralized governance and community-driven growth.

The above is the detailed content of Cardano (ADA) Is Poised for a Massive Breakout, Market Expert Claims. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Fartcoin Eyes $1B Valuation as Cold Wallet Becomes the Best Crypto Wallet to Watch in 2025Fartcoin Eyes $1B Valuation as Cold Wallet Becomes the Best Crypto Wallet to Watch in 2025Apr 25, 2025 am 11:22 AM

The crypto market is back in the spotlight as tokens across categories rally on fresh macro optimism. Meme coins like Fartcoin are surging, posting triple-digit gains and overtaking long-standing projects like Floki and Dogwifhat.

5 Cryptos to Buy This Month: Qubetics ($TICS) is Rewriting the Rules of Engagement5 Cryptos to Buy This Month: Qubetics ($TICS) is Rewriting the Rules of EngagementApr 25, 2025 am 11:20 AM

Crypto doesn't stay quiet for long. One minute, it's all charts and chatter, and the next—it's making headlines again. April's been packed with action.

The Best Cryptocurrencies to Invest in Right Now (Updated for 2025)The Best Cryptocurrencies to Invest in Right Now (Updated for 2025)Apr 25, 2025 am 11:18 AM

It’s 2025, and crypto isn’t some niche side gig anymore. It’s in major headlines, on trading floors, and at the center of real conversations about freedom, finance, and innovation.

Stacks (STX) Coin Shows Signs of Recovery, But Will It Break the $1 Barrier or Face a Pullback?Stacks (STX) Coin Shows Signs of Recovery, But Will It Break the $1 Barrier or Face a Pullback?Apr 25, 2025 am 11:16 AM

The crypto market is always in motion, and the question on every trader's mind is what’s next?

Dogecoin (DOGE) Price Gained 2 Percent to Trade Around $0.1814Dogecoin (DOGE) Price Gained 2 Percent to Trade Around $0.1814Apr 25, 2025 am 11:14 AM

The Dogecoin's price rally has heavily been driven by the rising Futures Open Interest (OI). In the past two weeks, Dogecoin's OI surged from around $1.3 billion

Dogecoin (DOGE) Price Gained 2 Percent in the Past 24 Hours to Trade Around $0.1814Dogecoin (DOGE) Price Gained 2 Percent in the Past 24 Hours to Trade Around $0.1814Apr 25, 2025 am 11:12 AM

Dogecoin (DOGE) price gained 2 percent in the past 24 hours to trade around $0.1814

PEPE Shows Resilience Amidst Broader Market Cool Down, Maintaining Strength Above Key Support LevelsPEPE Shows Resilience Amidst Broader Market Cool Down, Maintaining Strength Above Key Support LevelsApr 25, 2025 am 11:10 AM

Despite a slight dip in the last 24 hours, the meme coin remains in a strong weekly uptrend, fueling optimism for a renewed push

New North Dakota Law Could Shield Bayer From Roundup Cancer LawsuitsNew North Dakota Law Could Shield Bayer From Roundup Cancer LawsuitsApr 25, 2025 am 11:08 AM

A new first-of-its-kind law enacted in North Dakota could shield agrochemical manufacturer Bayer from lawsuits claiming it failed to warn customers

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

VSCode Windows 64-bit Download

VSCode Windows 64-bit Download

A free and powerful IDE editor launched by Microsoft

MinGW - Minimalist GNU for Windows

MinGW - Minimalist GNU for Windows

This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.

EditPlus Chinese cracked version

EditPlus Chinese cracked version

Small size, syntax highlighting, does not support code prompt function

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools