Crypto prediction website Telegaon has provided insights into when Cardano (ADA) will hit $45. A rise to that price level represents an 8.900% price gain from its current price level, which will appeal to ADA holders, especially given the crypto token’s recent unimpressive price action. When Cardano Will Rise To $45 Telegaon predicted in a blog post that Cardano will reach $45 by 2050. They highlighted $45.87 as the maximum price the crypto token will likely attain that year. Meanwhile, $39.12 and $42.41 are predicted to be ADA’s minimum and average prices that year. The prediction site claims that Cardano’s parabolic rise will occur due to several factors. Source: Telegaon These factors include “trading volume, market trends, investor sentiment, technological developments, and external influences.” It is worth noting that the Cardano has performed incredibly well in terms of technological advancements as the network has continued to rank among the top blockchains by development activity. This factor is expected to play a massive role in Cardano’s attainment of this price prediction, especially considering that the crypto projects likely to survive until 2050 are the ones that can adapt and progress with the times. Cardano has shown such quality, seeing how the team has continued to build actively, especially with the implementation of the network’s smart contract functionality. Meanwhile, Telegaon also outlined its price predictions for Cardano in the years leading up to 2050. In the short term, they do not seem bullish on Cardano as they predict that the highest price the crypto token could rise to this year is $2.15. Based on their prediction, Cardano will likely surpass its all-time high (ATH) of $3.10 in 2025, as they predict that $3.14 is the maximum price the crypto token will hit next year. More Bullish Price Predictions For ADA This Year Last year, Dan Gambardello, the founder of Crypto Capital Venture, suggested that Cardano could rise to as high as $11 this year. Specifically, he mentioned that the crypto token will rise to this level when the bull run returns after the Bitcoin halving. With the halving already taking place, Cardano could be primed for such a run. Crypto expert Jason Appleton made a more bullish prediction, stating that Cardano would rise to $32 in this bull market. Appleton added that this price level is attainable in the “most prime of conditions by the peak of this bull market cycle.” The crypto expert claimed that this parabolic rise would make Cardano one of the most valuable altcoins during this cycle. At the time of writing, Cardano is trading at around $0.44, up over 4% in the last 24 hours according to data from CoinMarketCap. ADA price trendingat $0.45 | Source: ADAUSDT on Tradingview.com Featured image from The Independent, chart from Tradingview.com
Fed's decision on interest rates stirred the crypto market. Bitcoin's price fluctuated, then stabilized around previous levels. Continue Reading: Will Bitcoin Price Continue to Rise?
Ripple Labs Inc. has ramped up its court fight with the US Securities and Exchange Commission (SEC) by submitting a lengthy letter to substantiate its motion initially made on April 22, 2024. This motion seeks to eliminate the expert testimony submitted by the SEC that Ripple considers inappropriate. The action by Ripple follows the SEC’s The post Ripple vs SEC Lawsuit: Ripple Presses Court to Dismiss SEC’s Expert Evidence appeared first on CoinGape .
Investment asset management firm Franklin Templeton published a report detailing Solana’s (SOL) accelerated adoption over some time. With the validation from the firm, Solana has jumped by more than 9% to $138.46. Franklin Templeton Lauds the Solana Resilience Solana’s survival and resilience after the unfortunate implosion of the FTX cryptocurrency exchange were identified. The cryptocurrency The post Solana (SOL) Shoot 9% On Franklin Templeton Endorsement appeared first on CoinGape .
Amidst Bitcoin’s turbulent price action post-halving, BTC miner Stronghold’s venture into selling its assets has ignited a torrent of speculative buzz across the global crypto community. In an official statement shared by the Bitcoin mining company today, May 2, the firm stated to have initiated a “strategic review process” aiming to maximize shareholder value. Following The post Bitcoin Miner Stronghold Explores Sale, First Signs of Miner Capitulation? appeared first on CoinGape .
The price of the flagship cryptocurrency Bitcoin (BTC) recently plunged from over $63,000 to a low just above the $56,000 mark before starting to recover, with over $300 billion exiting the cryptocurrency space as a result. Despite the volatility, sovereign wealth funds are eyeing the cryptocurrency. Bitcoin is up more than 39% so far this
Block Inc., the former Square, which is owned by Jack Dorsey, has declared that it will reinvest 10% of its Bitcoin-related gross profits into Bitcoin. This step is part of the new company’s policy to get more involved into cryptocurrency, demonstrating the company’s faith in Bitcoin’s value as a basic digital currency. On May 2, The post Jack Dorsey’s Block Boosts Its Bitcoin Bet With 10% Gain Reinvestment appeared first on CoinGape .
Popular trader and economist Alex Krüger says he’s currently “max long” on the crypto market. Krüger tells his 173,800 followers on the social media platform X that he’s hedged and unhedged multiple times but he’s now max long in “very concentrated positions.” The economist notes that he’s looking to “de-risk” soon. However, he acknowledges that The post Economist Alex Krüger Goes ‘Max Long’ on Crypto Positions – Here Are His Altcoin Picks appeared first on The Daily Hodl .
The price decline that Bitcoin is facing currently has led to large liquidations of long positions in the past few days.
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.”