ADAcoin

Cardano (ADA) started 2024 with a new limelight as top proponents of the protocol shared their projections of what this new year holds for the coin.
Cardano started the year on a relatively bullish note, but its price capitulated as investors took gains across the board. Currently, Cardano is priced at $0.6147, down by 2.23% in the past 24 hours. The market capitalization is also down and pegged at $21,730,514,822, while its trading volume comes in at $518,637,506, down by 3% in 24 hours.
Despite this outlook, Cardano is tipped to grow to new heights this year on the back of its technological advancement and community embrace.
Cardano Price: What are the Experts Saying?
According to crypto YouTuber and analyst LuckSide Crypto, there is a major buying event underway in the digital currency ecosystem owing to massive capital entering the industry. LuckSide is optimistic that some of these inflows will benefit Cardano just as it will favor other more established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB), amongst others.
The potential capital inflow for ADA will undoubtedly benefit the coin in relation to price gains, especially at this time when the protocol’s correlation with Bitcoin is on the decline.
While the latest analysis from LuckSide Crypto comes with no specific price target for Cardano this year, other ADA bulls have shared their outlook for the coin prior to this time. One of these bulls is Dan Gambardello, the founder of Crypto Capital Venture, who projects an $11 price target for Cardano.
Gambardello’s projections lean on what impact the upcoming Bitcoin halving event will have on Cardano. This bullish prediction is also complemented by the $10 target projected by Ali Martinez.
As reported by The Crypto Basic, Google Bard also made a prediction about the price of Cardano in the wake of Bitcoin’s halving. Initially, the chatbot considered a target of $100,000 for Bitcoin after the halving. Based on this assumption, Google Bard predicts that Cardano’s price could potentially surge to a range between $2.5 and $5.
In another prediction, Prominent crypto analyst Jason Appleton anticipates that Cardano’s ADA will hit $32 in the upcoming bull market.
Not All Predictions Favor Cardano
Judging by Cardano’s performance in 2023, the chances of the token hitting the ambitious price targets appear daunting. This understanding has generally stirred skepticism in the hearts of some experts, including Chris O, who said ADA will likely be behind Dogecoin in the coming bull cycle.
For now, Input Output Global (IOG), the startup behind the Cardano blockchain, aims to focus on intense infrastructural building to create an enabling environment for all developers.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#CardanoUpdate #adacoin $ADA

Cardano's selling off because it's hitting certain technical points. There's a double bottom on the weekly chart, and after breaking the neckline, it's dipping for a retest. If it does, I'll wait for bullish candlestick patterns before buying more Cardano. The next level target is $1.2, and if it gets past that resistance, we're looking at a $3 target. #adacoin #ada #CardanoPredictions

Cardano (ADA) just closed a year, trading below the $1 price. The last time the token sold around the $1 region was in April 2022. Since then, the token has struggled to replicate price movement that led to reaching significant price levels during the years 2021 and the first quarter of 2022.
Cardano (ADA) reached an all-time high of $3.10 in September 2021. Its current selling price of approximately $0.63 implies that the token is shy of the peak price by about 80%.
Despite failing to achieve the highly anticipated $1 price level in 2023, ADA’s price movements were relatively impressive. The token registered a 146.95% increase during the just concluded year, a feat it last achieved in 2017 when it closed the year by registering a 517% price surge. 
Notably, ADA’s expansion in 2023 could be linked to the varying degrees of growth registered on its Decentralized Exchange (DEX) and non-fungible tokens (NFTs) platforms. 
As 2024 begins, hope seems restored for Cardano (ADA) to attain remarkable prices, especially with the Bitcoin halving event counts down.
Having established the above facts, we shall reveal some top analysts’ price predictions for Cardano (ADA). Will ADA soar in 2024? If yes, to what level?
LuckSide, a renowned YouTuber and analyst, recently took to the video-sharing app to make some bold claims on ADA’s potential price movement. 
According to Luckside, ADA could face critical resistance at price levels between $0.60 and $0.67. Despite some regulatory challenges Cardano hopes to circumvent this year, the crypto expert sounded positive on ADA.
Luckside highlighted two angles to his prediction. The first is that ADA could witness a surge that could send it to the $0.70 price level. On the other hand, the expert noted that the token might experience a decline, which could plunge the asset’s price to the $0.40 price level. 
Jason Appleton, another well-known crypto market analyst, predicted ADA’s potential to reach a $32 price level after the Bitcoin halving event. The market expert noted that the rally would oversee ADA’s ascent to becoming one of the most valuable altcoins.
Meanwhile, ADA’s data on Coincodex revealed that the digital asset has maintained a considerable market capitalization to be ranked the eighth largest cryptocurrency. ADA boasts a market cap of $ 21.08 billion, a 24-hour trading volume of $847.50M, and a market dominance of 0.0402.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#CardanoUpdate #adacoin $ADA