Cardano proponents say ADA Could outperform all top 10 altcoins this bull season, here’s what can really happen
Altcoins are igniting the week on a bullish note, and Cardano’s ADA is one of the leading alternative coins on the list. The collective reaction to ADA’s performance sums up the growing optimism amongst key...
Altcoins are igniting the week on a bullish note, and Cardano’s ADA is one of the leading alternative coins on the list. The collective reaction to ADA’s performance sums up the growing optimism amongst key participants.
ADA proponents are especially enthusiastic about the coming week, and one key player has made a bold call, hinting at a bullish wave ahead for the asset.
The ADA/USD pair has been in the green, and a price boom is likely to emerge this July if the asset follows the historical movement depicted in the previous chart patterns.
Notably, ADA experienced a significant price surge in July 2022. While the same pattern did not carry into 2023 and 2024, the asset appears to be gearing up for a run this July.
A potential jump to $3 is in view, according to one ADA proponent whose ADA technical outlook outlines the possibility of a sharp price increase in the near term—a move that he claims could potentially result in ADA outperforming all top 10 altcoins.
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Interestingly, over the last 24 hours, ADA briefly outperformed all top 9 cryptocurrencies, as its price values soared by 12.90% resulting in a price jump to $0.71.
Although speculative, the market player’s position has been validated by many recent market developments centering on ADA’s price.
More specifically, market data has revealed a significant upsurge in ADA’s dominance. The asset’s dominance began to increase again, signaling a reversal. After reaching 0.64% three days ago, ADA’s dominance increased to 0.70% over the last 24 hours.
Analyst Javon Marks observes that the asset has moved in line with its recent breakout action and is currently heading towards the $2 mark, but is also primed to triple its price.
“ADA RIPPING! Prices are moving almost right in tune with its recent breakout action, and this is likely the beginning stages of a significant continuation towards $2+, Cardano can 3X.” He wrote.
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