Ethereum

Cardano

Cryptocurrency

Resistance

April

<p>The price of Cardano (ADA) has seen a sharp increase in recent days, drawing the attention of investors and crypto analysts. Some predict that the cryptocurrency could reach the symbolic threshold of $1, but under what conditions? Discover the factors influencing the trajectory of Cardano crypto and the upgrades that could transform its future.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Can <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> reach $1 in 2024?<br><br>They need +63% gains from the current price to achieve that!</p>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1758250330989756791?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
 <figcaption class="wp-element-caption">
  Will Cardano crypto hit the $1 mark this year?
 </figcaption>
</figure>
<h2 id="h-cardano-crypto-ada-breaks-a-long-standing-resistance">Cardano Crypto (ADA) Breaks a Long-Standing Resistance</h2>
<p>Cardano (ADA) is undeniably among <strong>the most successful cryptocurrencies</strong> this year, with growth over 13% in one week. The coin recently broke through major resistance that had lasted for 784 days, according to analyst <a href="https://coingape.com/cardano-ada-price-to-hit-1-soon-but-there-a-condition/" target="_blank" rel="noopener noreferrer nofollow">CryptoBusy</a>. This movement indicates a possible bullish trend that could propel ADA crypto <strong>towards new highs</strong>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>According to this crypto expert, Cardano must, however, break through and maintain above the key level of $0.6691 to confirm this hypothesis. This level represents a significant tipping point for the cryptocurrency. It could determine whether the crypto will continue its race towards $1 or if it will undergo a correction. At the time of writing, Cardano is trading at <strong>$0.6307</strong>.</p>
<h2 id="h-cardano-benefits-from-the-dynamics-of-the-cryptocurrency-market">Cardano Benefits from the Dynamics of the Cryptocurrency Market</h2>
<p>The trajectory of Cardano is not only influenced by its own technical factors. It also accounts for broader trends in the cryptosphere. This refers notably to the <strong>recent surge of </strong><a href="https://www.cointribune.com/en/bitcoin-blows-gold-away-a-new-safe-haven/" target="_blank" rel="noopener noreferrer nofollow"><strong>Bitcoin</strong></a><strong>,</strong> which set a new record. This caused a wave of positivity across the entire crypto space.</p>
<p>Another catalyst is the approval of the Bitcoin Spot ETF in the United States. This has paved the way for greater institutional adoption of crypto. Added to this are the anticipation of the <strong>Bitcoin halving in April 2024</strong> and the possibility of an approval for an Ethereum ETF by the SEC.</p>
<p>Cardano is benefiting from this positive momentum, as it’s considered <strong>a main competitor of Ethereum</strong> in the area of smart contracts and decentralized applications. This cryptocurrency also attracts the attention of socially conscious investors, as it utilizes a proof-of-stake consensus mechanism that is more energy-efficient.</p>
<p>In conclusion, the price of <a href="https://www.cointribune.com/en/crypto-ethereum-and-cardano-the-new-favorites/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA)</a> has the potential to reach $1. However, it must overcome technical hurdles and capitalize on the crypto market dynamics.</p>

Crypto: Cardano (ADA) on the verge of breaking the $1 mark?

Table of Contents

Cointribune EN

Другие статьи, опубликованные 20 февр. 2024 г.

Check out Thoreum's latest success story!

AI-Generated Voices Rally for Gun Control – Advocates Deploy Deceased Loved Ones’ Voices to Urge ...

Investor Sentiment Recovers for Bitcoin Products as GBTC Sees Lower Outflows

Vitalik Buterin Revealed Ethereum's Biggest Bug and Way to Fix It

Vanguard Left Bitcoin ETF Inflows in the Dust, Nearly $1 Billion in BTC Vanishes After Transfer F...

OVER's DePIN: Pioneering the Future of Decentralized 3D Mapping

Join our free newsletter for daily crypto updates!