ADA had a pump this week. In this article we will analyze the Cardano price prediction as well as look an alternative project that is far more promising. Due to the fact that it isn’t the only cryptocurrency out there, it is important to research other potential altcoins and determine which ones, in addition to Cardano, are performing well.
Find the full ADA price prediction in the video above, follow his YouTube channel for more crypto updates.
About Cardano (ADA)
Cardano is a blockchain platform designed for changemakers, inventors, and enthusiasts. It contains the tools and technologies necessary to bring about better global changes, as well as generate potential for the majority as well as the few.
Cardano is currently a topic that is being discussed by a lot of some influential people.
— Dan Gambardello (@cryptorecruitr) January 1, 2023
ADA Price Analysis
As of today, January 5th, the price of Cardano is $ 0.266. The 24-hour trading volume of $217,142,872. The current cryptocurrency ranking is #9. The price of ADA is up 0.27% in the last 24 hours. Cardano attained its all-time high price of $3.10 on September 2, 2021, when it was traded at its highest ever at the moment.
It lost support and then fell down to around $0.30, it has traded sideways in this horizontal channel, and then it lost support once more. We are now in an oversold position, as the RSI is currently at $0.30 and dropped to $0.28, indicating that it was heavily oversold.
ADA Price Prediction
If we take a look at the RSI, we can see that there is some room for an impulse wave here up to about $0.33 and at least some retest of this support trend line of this horizontal channel. If this does occur, there is a possibility that the price of Cardano will increase by approximately 17% while we wait for the reversal wave, which may occur due to the fact that it is currently in an oversold weekly position.
Cardano is now in the Basho phase, during which they are putting a significant amount of emphasis on scalability. Cardano is currently in the Basho era, which is an era of optimization that will improve the scalability and interoperability of the network. As a result, holders will receive tremendous value from this.
Conclusion and Alternative
Considering the current status of the market, we are not witnessing a possible all-time high, nevertheless, there is another option to increase the profitability, and here is a project that will shortly provide investors with a 10x return on their investment after the pre listing over-funding round.
Dash 2 Trade
Dash 2 Trade is making the most advanced dashboard for crypto signals and analytics, made by traders for traders. Holders of D2T tokens will be able to use a wide range of crypto signals and analytics tools to make the most of their trading opportunities. This is because they are the only ones that have these features, which will help beginners as well as experience traders.
The final stage of the presale has been completely purchased far earlier than expected. Because it is likely that this presale was one of the most successful in 2022 – 2023, the team have decided to provide an additional $2 million on top of the $13.4 million hard cap.
This will allow individuals who were unable to participate in the presale to still make investments before the initial exchange listings on the 11th of January. You have till the end of the week to make a purchase of D2T tokens at the current presale pricing. At this time, the cost of one D2T is $0.0556.
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