The post Cardano Price Hits $1 But Analyst Says This Is Just The Start appeared on BitcoinEthereumNews.com.

Cardano (ADA) has made a fantastic recovery as the token surged past the $1 price level for the first time since April 2022. ADA price has defied the bear trend by rising over 30% in the last 24 hours and is currently at $1.06. Similarly, trading volume increased by 150% to $6.7 billion suggesting increased market activity. Nonetheless, experts claim that this has only begun, with some contributing on the projection of the future events. As ADA enjoys the bullish on-chain metrics, the question that continues to be asked is; where is ADA headed next? Cardano Price Records 30% Surge to $1 Amid Bullish Metrics After the recent crypto rally, Cardano price has grown by 30%, with a current price of $1.06 within 24 hours. The present value is the highest ADA has reached since April 2022. Trading activity also rose sharply with volumes going up by 150% to $6.7 billion in a single day. More so, the crypto rally aligns with recent analysis predicting ADA price could cross the $1 mark this weekend. Analysts have suggested that the crypto is yet to fully realize its potential. Ali Martinez expressed optimism stating, “$ADA has surged nearly 200% in the last three weeks! But that’s nothing compared to what is coming.” As one of the leading crypto analysts, Ali Martinez claims that all that has happened with Cardano is a warm-up to even bigger gains. Martinez noted that ADA whales with stakes between $1 million and $10 million have seen their ADA holding rise by over 100% in the last month. This has resulted in large transactions exceeding $22 billion daily on the network, signifying robust accumulation activity. From a technical standpoint, Martinez noted that ADA is mirroring its previous bullish cycle. If this pattern continues, ADA could aim for targets…

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Filed under: News - @ November 23, 2024 5:18 am