The post Cardano Price Prediction Today: ADA Bears Push for $0.64 After 14% Price Drop appeared first on Coinpedia Fintech News Cardano’s ADA is currently down by more than five percent and is trading below the crucial $1 mark. Down by more than 14 percent in the last seven days, ADA chart shows a minor correction but nothing major has changed. The main question remains whether the market is already in the fourth wave of a larger correction or if it’s still in an extended third wave. Key support levels will be critical in determining the next price movement. Key Support Levels to Watch The most critical level to monitor is the 64-cent mark. This is the main support level that needs to hold for a bullish scenario to remain intact. If ADA breaks and sustains below 64 cents, it would signal a more bearish outlook. However, for now, ADA remains above this level, which is positive for the bullish case. If ADA experiences a further decline, there is additional support around 76 cents. This level corresponds with the 38.2% Fibonacci retracement, which is a typical target for a fourth wave correction. As long as ADA holds above these support levels, there is still potential for upward movement. Smaller Time Frame Correction and Potential for Reversal On a smaller time frame, ADA has been moving within a corrective price channel since the high formed in early December. While there have been some rebounds, these have been in a three-wave structure, which doesn’t mean a strong confirmation of a trend reversal yet. This three-wave move suggests that the current rally may not be the start of a larger upward trend, but more of a short-term correction. The next key support levels on the smaller time frame are 93 cents and 83 cents. If ADA drops below 83 cents, it would confirm that the larger fourth wave correction is unfolding. Below that, further support can be found at 76 cents and 64 cents. Bullish Potential and Next Targets If the price holds above 64 cents and the corrective structure resolves, ADA could still experience an upward move. There is potential for the price to reach $1.42, $1.72, or even $2.36 in the next wave. However, this is contingent on the market holding key support levels and seeing a reversal in price action.
Trump Patriot could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Patriot (TRUMPPAT), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because TRUMPPAT is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Patriot can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Patriot could become the next viral memecoin. Trump Patriot launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Patriot on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Patriot by entering its contract address – 9hmvtogFEjzZQMFfJ5Hiq7fQSq7E38mG3Qjb7X42qM6P – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPPAT. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
MARA Holdings has purchased 15,574 bitcoin worth $1.53 billion at approximately $98,529 per bitcoin using the proceeds from its zero-coupon convertible notes offerings. In November and December, the zero-coupon convertible notes generated $1.925 billion for MARA along with the repurchase of approximately $263 million in principal amount of its current convertible notes due in 2026.
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 3644.43, down 0.3% (-9.33) since 4 pm ET on Wednesday. Four of 20 assets are trading higher. Leaders: HBAR (+3.1%) and APT (+2.9%). Laggards: AVAX (-3.7%) and ICP (-3.7%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Investors are checking out the potential for massive gains with the next big cryptocurrency that could skyrocket like Cardano and Solana. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors are checking out the potential for massive gains with the next big cryptocurrency that could skyrocket like Cardano and Solana. Table of Contents DTX Exchange seen as a presale star with great growth potential Lucid: The price of Cardano may reach the top 3 spot Solana looks ready for breakout as price rises Can DTX Exchange soar like ADA and SOL? The crypto market is a race to grab onto opportunities before everyone else does. Cardano (ADA) and Solana (SOL) made early buyers considerably more money as they became some of the best cryptos. With this sector back on the rise, another opportunity is showing up: DTX Exchange (DTX) , which can also show considerable growth. This phase six presale star has already skyrocketed by 500% while raising over $10.2b. Some experts even think DTX could see a 1,000% surge in 2025 as it may revolutionize online trading. DTX Exchange seen as a presale star with great growth potential Cardano and Solana made headlines when they launched, enhancing the blockchain space. DTX Exchange looks to follow this path. It will close the divide between CEX and DEX by launching a hybrid trading platform with the best features of both. On it, people will trade over 120k asset classes, like bonds and crypto coins, at up to 1000x leverage. This platform is scheduled to launch in Q1 2025, causing hype in the crypto market. However, there have been plenty of products that DTX Exchange has launched so far: VulcanX Blockchain: The testnet for this blockchain was recently launched and saw a TPS of around 100k. Phoenix Wallet: A new wallet traders can use to secure assets like crypto coins, stocks, and forex. CoinMarketCap Listing: The DTX token was recently listed on CoinMarketCap. The DTX token will be the backbone of this platform. Those who hold it will get governance voting rights and a percentage of the trading fee revenue. DTX now costs only $0.12 in phase six of its presale, a 500% rise from its starting price. However, this altcoin price will rise to $0.20 after a top-tier CEX like Uniswap lists it soon. This could make DTX one of the top altcoins for big returns. Lucid: The price of Cardano may reach the top 3 spot Cardano is among the top 10 altcoins right now. Recently, crypto analyst Lucid made a bullish Cardano price prediction. According to his X post, this token will crush its next resistance level and skyrocket into the top 3 spots where it belongs. The Cardano price movement has jumped over 50% in the past 30 days. In that period, its value moved between around $0.70 and over $1, as per CoinMarketCap. Plus, its market cap grew from $25b to $38b. TradingView shows that the Cardano coin also trades above its 10-day EMA ($1.09) and 20-day EMA ($1.06). However, the high Cardano market cap suggests that it needs a lot of new money for its price to rise. On the other hand, tokens like DTX will not have this issue. Solana looks ready for breakout as price rises Solana is another altcoin with green price charts. CoinMarketCap data shows that the price of Solana increased nearly 5% in the past week alone. During that time, it fluctuated between around $210 and over $220. Market expert CrypNuevo also excited traders with his statement for Solana. In a recent X post, he told his followers that this altcoin is preparing for a potential breakout. As for his Solana price prediction, he foresees a surge past $280. Although the Solana crypto may see big price gains soon, traders have noticed that the DTX Exchange has some advantages. For example, the Solana blockchain saw a TPS of 65k, while the DTX one hit 100k. This could make it a better option for traders. Can DTX Exchange soar like ADA and SOL? While Cardano and Solana are riding a bullish wave, experts are also bullish for DTX Exchange. This crypto coin will have ties to the growing $133t bonds market and a smaller market cap than them. Therefore, DTX will need less money for its price to rise while possibly being more stable in the long run. Because of this, experts predict a potential 1,000% growth for this altcoin in 2025. For more information, visit the DTX Exchange presale website and join the online community. Read more: Last chance to get DTX Exchange before it soars, set to follow ETH, XRP Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Dogecoin sank to lows of $0.34 as market faced huge sell-off
The Pudgy Penguins token, PENGU, started trading on Binance, charting the first hours of its price history. The listing arrived with increased volatility, as traders complained of technical problems. Binance was one of the first major exchanges to list the new Pudgy Penguin token, PENGU. However, users reported errors that turned into costly trading losses. Binance listed PENGU on December 16, at 14:00 UTC, but social media users noticed that for the first 30 minutes of trading, the token was displaying a $350M market capitalization. The real valuation of PENGU was actually $3.5B, which led to early traders reporting significant personal losses. After the initial mistake, Binance worked with Coinmarketcap to display the correct data. At that time, DexScreener displayed the correct trading data. In the initial trading period, PENGU quickly discovered its equilibrium price range. The token started at $0.0032, later rising by a factor of 10 to $0.032. PENGU has not seen any price pressure in either direction, instead relying on price discovery through its available trading pairs. PENGU is still heavily traded through Raydium, rivaling its Binance activity. Other centralized exchanges listed the asset immediately, but they remain illiquid and only carry a small share of trading activity. In the past day, PENGU achieved $2.16B in trading volumes, with a turnover of 111.2% of the available supply, signaling a relatively high demand for scarce tokens. The token has more than 70% of its supply unlocked at this stage, with various groups of airdrop recipients. Holding PENGU is incentivized for governance, special perks, and access within the Pudgy Penguins ecosystem. For short-term holders, PENGU may also be a speculative bid, as some airdrops have achieved significant gains soon after launching. PENGU smart contract was leaked early The Binance listing information for PENGU also contained the token’s smart contract. In a later version, Binance deleted the actual token address, waiting for the team announcement and wider listings. For a brief period, Binance displayed the token’s smart contract, potentially allowing bots to snipe the token. Later, the token contract was widely available on its Solana profile page. The information was important for early traders, as PENGU started trading alongside multiple spoofed tokens with similar names or tickers. Early trading for PENGU was also extremely risky, especially for those placing decentralized orders. The early data information led to unrealistic valuations, and some orders were filled at the wrong price through illiquid pools. During early trading, PENGU orders were filled at a price as high as $0.70, wiping out the portfolio of early traders. High volatility is not unusual for newly launched tokens. However, the high profile and expectations for PENGU exacerbated the problem, leading to traders being wiped out within seconds. Binance has reportedly decided on an additional airdrop of 135M PENGU to all affected traders to compensate for their early trading losses. However, the airdrop will not compensate those who logged losses through DEX swaps. Pudgy Penguins collection crashes after airdrop The PENGU token airdrop served as an accelerating factor for the Pudgy Penguins NFT collection. Airdrop seekers traded the NFT, lifting the price floor to over $100K. Pudgy Penguins contains only 8,888 items and is still the third most valuable NFT collection. However, the price floor crashed within hours of the airdrop announcement. The collection’s floor price crashed from a peak near 35 ETH down to 15 ETH. During the period of hype, some sellers liquidated their holdings at peak valuation. Others logged losses, as they bought too close to the top. Pudgy Penguins reached its all-time high in 2024, far surpassing its performance from the previous NFT boom. However, once the token is launched, the collection will have to find new sources of interest. The brand remains strong, but the performance of PENGU will be closely watched for signs of success or failure. The Pudgy Penguins brand managed to survive the NFT bear market by looking beyond crypto. The NFT tech was used for real-world products, making Pudgy Penguins one of the few projects with mass adoption and physical sales. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin briefly slipped below the $100,000 psychological level before reclaiming it, sparking mixed reactions among crypto analysts. “Bitcoin is developing a bearish engulfing weekly candlestick formation,” pseudonymous trader Rekt Capital shared with their 518,900 followers on X in a Dec. 19 post. Bearish Pattern Yet to Be Confirmed Rekt Capital noted that the potential downtrend is not yet set in stone. “There are still a few days until the end of the week to ‘fully confirm’ the downtrend, and ‘lots can change’ in the meantime,” they stated. “Technically, this is still a dip until Weekly levels are confirmed as lost,” they added. Between 2 and 3 am UTC on Dec. 19, Bitcoin briefly dipped below $100,000 for the first time since Dec. 13, reaching a low of $99,047, according to CoinMarketCap. This dip occurred amid a broader crypto sell-off following the U.S. Federal Reserve’s announcement of a 25 basis point rate cut and hints at fewer rate cuts in 2025 than initially anticipated. Not Everyone Is Concerned Some traders downplayed the dip. “This pullback is pretty normal for Bitcoin. We’ve had 8 of them since October,” Bitcoin Archive commented on X. “If you’re selling your Bitcoin in reaction to what the Fed said today, you have no idea what you own,” added crypto commentator James Lavish. Volatility Is Part of Price Discovery Bitcoin reached $100,000 for the first time on Dec. 5, driven by ETF demand, the upcoming April halving, and Donald Trump’s election victory. Rekt Capital reminded traders that volatility is natural in this phase. “Technically, it is Week 7 in Price Discovery, which historically meant that BTC corrections occur around this time,” they said. While some see such dips as “flash crashes,” Rekt suggested the correction could extend into next week, adding, “We know that Week 7 and Week 8 in Price Discovery have historically been corrective weeks.”