Cardano

Crypto X

TL;DR
<ul>
 <li>Cardano (ADA) has surged 120% in two weeks, crossing $0.80. Analysts predict further gains.</li>
 <li>Speculation about a Cardano/Ripple alliance has fueled excitement, though no official announcement has been made yet.</li>
</ul>
<a href="https://cryptopotato.com/wp-content/uploads/2024/11/ADA_CB-13.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
<h2 id="span-data-preserver-spaces-true-ada-keeps-pumping-span">ADA Keeps Pumping</h2>
Some of the leading altcoins, including Solana (SOL), Binance Coin (BNB), Ripple (XRP), and more, have registered minor losses in the past 24 hours. However, this is not the case with Cardano (ADA), which stands as the top-performing top 20 cryptocurrency today (November 20).
At the time of this writing, its price is above $0.80, the highest level witnessed since May 2022. The asset has been up a whopping 120% in the last two weeks, and its market capitalization is nearing $30 billion.
<figure id="attachment_371337" aria-describedby="caption-attachment-371337" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/ADA-Pricee.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-371337" src="https://cryptopotato.com/wp-content/uploads/2024/11/ADA-Pricee.png" alt="ADA Price" width="565" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/ADA-Pricee.png 828w, https://cryptopotato.com/wp-content/uploads/2024/11/ADA-Pricee-300x212.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/ADA-Pricee-768x544.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/ADA-Pricee-50x35.png 50w" sizes="(max-width: 565px) 100vw, 565px"></a>
 <figcaption id="caption-attachment-371337" class="wp-caption-text">
 ADA Price, Source: CoinGecko
 </figcaption>
</figure>
Many industry participants think ADA might record much more impressive gains during the ongoing bull cycle. The X user CryptosRus <a class="editor-rtfLink" href="https://x.com/CryptosR_Us/status/1858664233803641074" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">claimed</a> that the token’s valuation could skyrocket to $6 by July-September next year if it follows “a similar pattern to last cycle.”&nbsp;
Crypto King also <a class="editor-rtfLink" href="https://x.com/cryptosanthoshK/status/1859143745536749728" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">noted</a> 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.
Other analysts envisioning a bright future for Cardano’s native token include FLASH and Lucid. The former believes it is “approaching the next level” above $1, while the latter outlined some important factors signaling that it is “about to go Interstellar.”
Some examples <a class="editor-rtfLink" href="https://cryptopotato.com/interesting-cardano-ada-price-predictions-whats-next/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">include</a> Cardano’s high Minimum Attack Vector (MAV) and the fact that there are no scheduled token unlocks (which increase the circulating supply and might lead to a price drop).
We’ve recently released a video with some&nbsp;of the&nbsp;major developments surrounding Cardano. Check it out here:&nbsp;
<div class="embed"><iframe src="https://www.youtube.com/embed/836wUDeiGVM" width="853" height="480" frameborder="0" allowfullscreen></iframe>
</div>
<h2 id="span-data-preserver-spaces-true-further-span-span-data-preserver-spaces-true-rise-under-this-condition-span">Further&nbsp;Rise Under This Condition?</h2>
Crypto X has recently been rampant with rumors that ADA’s price may experience a significant bull run if Cardano makes a strategic alliance with Ripple.
The speculation was fueled after Cardano’s founder, Charles Hoskinson, <a class="editor-rtfLink" href="https://cryptopotato.com/ripple-cardano-mega-partnership-in-the-making-community-speculates/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">held discussions</a> with top executives from the other entity. He had conversations with Ripple’s CEO, Brad Garlinghouse, and the company’s CTO, David Schwartz.&nbsp;
Hoskinson recently <a class="editor-rtfLink" href="https://cryptopotato.com/cardano-ada-soars-30-daily-as-founder-charles-hoskinson-makes-big-announcement/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">indicated</a> that he will spend some of his time helping the Donald Trump administration establish a comprehensive regulatory environment for the cryptocurrency industry. For his part, Garlinghouse was <a class="editor-rtfLink" href="https://cryptopotato.com/why-did-ripples-xrp-price-explode-to-8-month-peak-above-0-7/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">rumored</a> to have met the now-elect American president or someone from his cabinet to discuss possible reforms involving the digital asset sector. As such, the two execs might have touched upon that 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.&nbsp;
The post <a href="https://cryptopotato.com/bullish-cardano-predictions-as-the-ada-price-hits-two-year-high/" rel="noopener noreferrer nofollow">Bullish Cardano Predictions as the ADA Price Hits Two-Year High</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

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

Table of Contents

CryptoPotato_News

Other articles published on Nov 20, 2024

Bitcoin Hits All-Time High of $75,000 Amid U.S. Election Buzz

Japan PM vows to include tax cuts for crypto in stimulus package

XRP and Solana Are Grabbing Headlines—But Don’t Miss This Hidden Gem With Growth Potential

Famous Bull Michael Saylor Makes Bold Statements About Bitcoin (BTC) and XRP!

Coinbase to End Wrapped Bitcoin (WBTC) Support by December 19, 2024

Urgent Warning from Changpeng Zhao, Former CEO of Binance: “If You Have This on Your Computer, Up...

Join our free newsletter for daily crypto updates!