Bullish Cardano Predictions as the ADA Price Hits Two-Year High

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As a seasoned researcher with over a decade of experience in the volatile world of cryptocurrencies, I can’t help but feel both intrigued and cautiously optimistic about the recent surge of Cardano (ADA). Having witnessed the wild rollercoaster ride that is the crypto market, I’ve learned to take every prediction with a grain of salt. However, the current bullish sentiment surrounding ADA is hard to ignore, especially considering its impressive 120% growth in just two weeks.

TL;DR

  • Cardano (ADA) has surged 120% in two weeks, crossing $0.80. Analysts predict further gains.
  • Speculation about a Cardano/Ripple alliance has fueled excitement, though no official announcement has been made yet.

ADA Keeps Pumping

In the last 24 hours, some major altcoins like Solana (SOL), Binance Coin (BNB), Ripple (XRP), among others, have experienced slight declines. Contrastingly, Cardano (ADA) is bucking this trend and leading as the top performer among the top 20 cryptocurrencies today, on November 20.

Currently, the price of this asset surpasses $0.80, reaching a peak not seen since May 2022. In just the past fortnight, it has experienced an impressive surge of 120%, and its market capitalization is rapidly approaching $30 billion.

Many people in the industry believe that ADA may see significant growth during this bull market. The user CryptosRus asserted that, if ADA follows a pattern similar to its previous cycle, its value could reach as high as $6 by July-September of next year.

Crypto King also noted the resurgence, reminding that most people called Cardano “a scam” when ADA was worth around $0.30 earlier this year. The analyst said the price has soared by 2.5x since then, claiming it is poised for a further rally.

Analysts such as FLASH and Lucid are anticipating a prosperous future for Cardano’s native token. FLASH sees it moving towards a level above $1, while Lucid points out several significant factors suggesting it could soon reach “Interstellar” heights.

Examples such as Cardano’s robust Minimum Attack Vulnerability (MAV) and the absence of planned token releases (which could potentially boost the circulating supply and cause a price decrease) are worth noting.

We’ve just shared a new video highlighting significant advancements connected to Cardano. Take a look right over here:

Further Rise Under This Condition?

There’s been a lot of chatter lately about Crypto X, suggesting that the price of ADA could surge significantly if Cardano were to form a strategic partnership with Ripple.

The speculation intensified following discussions between Cardano’s founder, Charles Hoskinson, and high-ranking executives from another entity. He had talks with Ripple’s CEO, Brad Garlinghouse, as well as the company’s CTO, David Schwartz.

In a recent development, I’ve learned that I, as an analyst, will be dedicating some of my time towards assisting the Donald Trump administration in shaping a comprehensive regulatory framework for the cryptocurrency industry. Meanwhile, there have been whispers suggesting that Garlinghouse has had meetings with the newly elected American president or members of his cabinet to explore potential reforms within the digital asset sector. Consequently, it’s plausible that both executives may have discussed this topic.

However, the exact point of discussion remains unknown, and there has been no official announcement about a Cardano/Ripple partnership. It will be interesting to follow the updates on the matter and see ADA’s price reaction if the two entities decide to shake hands. 

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2024-11-20 12:36