Cardano

bullish

Bitcoin

Chainlink

Frenzy

<p>The crypto bull market is attracting traders back into the market and many are expecting an altcoin season. In this environment, analysts discuss several potential bullish cases for Cardano.&nbsp;</p> 
<p>At the same time, two altcoins, Chainlink and <a href="https://cutoshi.com/" target="_blank" rel="noreferrer noopener">Cutoshi</a> are attracting a lot of attention.&nbsp;</p> 
<h2 class="wp-block-heading" id="cardano-eyes-previous-ath">Cardano Eyes Previous ATH</h2> 
<p>During the latest crypto rally, Cardano (ADA) has reached multi-year highs and traders are now watching where it can go next. ADA has seen a <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noreferrer noopener">116.06% increase</a> in the last 30 days and registered a peak in volumes. Notably, daily trading volume hit $52.26 billion, which is a seven-month high for the network.&nbsp;</p> 
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   <p lang="en" dir="ltr">📈 Cardano is decoupled from the altcoin pack, nearly matching its 8-month high. Its price ratio against Bitcoin is also nearing an 8-month high. The last time we saw this level of ADA transaction and whale volume was in June, just prior to a +26% burst in the ADA/BTC pairing. <a href="https://t.co/8EmEAySWaq" target="_blank">pic.twitter.com/8EmEAySWaq</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1859104552189825401?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 20, 2024</a>
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<p>The price increase coincided with a surge in whale transactions. Notably, for the second week in a row, the chain registered more than 8,900 whale transactions from wallets with more than $10 million ADA. This is a 6-month high for the chain, which saw slow performance in the last year.&nbsp;</p> 
<p>Thanks to this momentum, Cardano is now racing to the psychological level of $1. One of these is reaching its all-time high of $3.12 in 2021. In a more bullish scenario, Cardano has the potential to reach $6.00.&nbsp;</p> 
<p>Further growth for Cardano really depends on both the continued crypto market rally as well as rising adoption. If Cardano can attract more applications and users to its ecosystem, analysts believe that price targets of $12 or even $15 are possible.&nbsp;</p> 
<h2 class="wp-block-heading" id="chainlink-eyes-doubling-on-strong-technicals">Chainlink Eyes Doubling On Strong Technicals</h2> 
<p>The crypto market rally has also boosted Chainlink (LINK). In the last 30 days, Chainlink rose <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noreferrer noopener">18.80% last month</a> to $14.4. This is about the same performance as Ethereum’s. However, technicals show a potential for much higher gains in the near future.&nbsp;</p> 
<p>For instance, crypto analyst Michaël van de Poppe, or CryptoMichNL on Twitter, sees significant potential in the chart. Pointing to technical charts, the founder of MN Consultancy sees Chainlink’s next target at $18.&nbsp;</p> 
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   <p lang="en" dir="ltr">A massive flip of <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$LINK</a> at $13 here.<br><br>I expect upward momentum to take place and that we will see $18 as the next target.<br><br>The low on <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$LINK</a> is in.<br>It's still a tremendous opportunity. <a href="https://t.co/L08TWiyLfs" target="_blank">pic.twitter.com/L08TWiyLfs</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1858593519096738030?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 18, 2024</a>
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<p>Analyst Valdrin Tahiri also sees significant potential for a breakout. He also sees resistance at $18.8 but sees potential for an 80% price increase very soon. This is supported by a Relative Strength Index (RSI) above 50 and a moving average bullish cross pattern. These patterns indicate a scenario where Chainlink can reach $37 before the end of the year.&nbsp;</p> 
<h2 class="wp-block-heading" id="cutoshi-is-trending-in-altcoin-season">Cutoshi Is Trending In Altcoin Season&nbsp;</h2> 
<p>With altcoins like Cardano and Chainlink posting significant growth, traders are expanding their portfolios. Traders are once again excited with the start of the altcoin season. Notably, one of the tokens that is currently trending on X is a memeFi token, Cutoshi (CUTO).&nbsp;</p> 
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  <img decoding="async" width="437" height="284" src="https://www.cryptotimes.io/wp-content/uploads/2024/11/Cutoshi-Trending-on-X.png" alt="Cutoshi Trending on X" class="wp-image-217234" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/11/Cutoshi-Trending-on-X.png 437w, https://www.cryptotimes.io/wp-content/uploads/2024/11/Cutoshi-Trending-on-X-420x273.png 420w" sizes="(max-width: 437px) 100vw, 437px">
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   Source: <a href="https://x.com/search?q=cutoshi&amp;src=typed_query&amp;f=live" target="_blank">X</a>
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<p>This community sentiment has also translated into presale success. In just under a month since its launch in September, Cutoshi attracted $924,855 in investments.&nbsp;</p> 
<p>The Cutoshi project takes its inspiration from Bitcoin creator Satoshi Nakamoto. The project’s goal is to further digital freedom and privacy and move crypto away from centralized platforms. They are planning to launch a multichain DEX, enabling anyone to trade without restrictions. The project will also feature a learning platform to onboard more users to DeFi.&nbsp;</p> 
<p>With more and more traders taking privacy more seriously, projects like Cutoshi are more important than ever. With altcoin season just starting, this could be an opportunity for traders to learn about decentralization and become true DeFi users.&nbsp;</p> 
<p><strong>For more information on the Cutoshi (CUTO) Presale:</strong> <a href="https://cutoshi.com/" target="_blank" rel="noreferrer noopener">Cutoshi</a></p> 
<p><strong>Join and become a community member:&nbsp;</strong><a href="https://twitter.com/CutoshiToken" target="_blank" rel="noreferrer noopener">Twitter</a>&nbsp;|&nbsp;<a href="https://t.me/cutoshi" target="_blank" rel="noreferrer noopener">Telegram</a></p>

Cardano (ADA) Price Hit $1 This Month But These Two Altcoins Have The Community In A Buying Frenzy

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The Crypto Times

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