Cardano Emerges as Most Trending Crypto as ADA Eyes Jaw-Dropping 220% Eruption
Cardano continues to be the talk of the crypto world, thanks to various factors, such as increased whale buying, chart patterns showing bullish continuation, and the potential rollout of an ADA...
Cardano continues to be the talk of the crypto world, thanks to various factors, such as increased whale buying, chart patterns showing bullish continuation, and the potential rollout of an ADA exchange-traded fund (ETF).
This explains why Cardano is the top trending coin ahead of other major players like Bitcoin and XRP, according to CoinMarketCap data.
Grayscale’s new statutory trusts for Cardano and Hedera in Delaware have fueled speculation of a spot Cardano ETF, igniting investor confidence and strengthening ADA’s bullish picture.
Additionally, Cardano recently retested the psychological price of $1, thanks to whale-driven momentum.
Therefore, these factors are positioning Cardano as the top-trending cryptocurrency right now.
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Is Cardano Eyeing a 220% Jump?
According to crypto trader Smith, “ADA is finally breaking out after months of pressure. Momentum’s kicking in, volume confirming. Targets reach up to +220%. The real move might just be starting”
This analysis projects Cardano to surge toward $3.10, surpassing its September 2021 all-time high of $3.09.
Meanwhile, crypto analyst Ali Chart recently highlighted Cardano’s half-day chart, showing a breakout setup that could propel ADA toward $1.50.
Cardano is trading at $0.86, up 1.3% over the past week, according to CoinGecko.
How the 10th-largest cryptocurrency by market cap evolves remains to be seen, but bullish momentum is clearly taking the lead.
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