Logo
Cardano Ecosystem

Bitcoinik

last Wednesday at 12:28 PM

·

4 views


Majority of crypto investors are bullish on Cardano (ADA) amid Cardano-Bitcoin DeFi announcement but price is stable enough

Despite bullish sentiments, the trade price of the $ADA coin remains stable. Some experts believe a major rally could soon occur, while others view it as a “stablecoin” due to its steady price.Cardano is a...

Majority of crypto investors are bullish on Cardano (ADA) amid Cardano-Bitcoin DeFi announcement but price is stable enough

Despite bullish sentiments, the trade price of the $ADA coin remains stable. Some experts believe a major rally could soon occur, while others view it as a “stablecoin” due to its steady price.

Cardano is a popular Proof-of-Stake (PoS) blockchain network known for its unique development strategy, which avoids hype or trends, focusing instead on the practical evolution of blockchain technology.

Recently, Cardano collaborated with BitcoinOS to enable seamless cross-chain transactions between the Cardano and Bitcoin networks. In short, Bitcoin trading is now available on DeFi exchanges within the Cardano ecosystem.

This development has fueled bullish sentiment among Cardano and crypto enthusiasts, as evidenced by a sudden increase in the trading volume of Cardano’s native token, ADA.

Popular crypto analyst Ali shared his analysis of Cardano, noting that ADA is currently following a similar pattern to 2020. If history repeats, a price pump could be seen around November 18, potentially aligning with the final stages of the US presidential election.

I believe #Cardano $ADA is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025. pic.twitter.com/GgKWBqzYXU

— Ali (@ali_charts) October 29, 2024

Notably, enthusiasm for Cardano extends beyond ADA holders, as it was mentioned by X (formerly Twitter) users nearly 800,000 times over the last 30 days, according to TapTools.

Crypto enthusiasts have noted a growing conversation between Cardano and Bitcoin communities, further emphasising Cardano’s increased presence.

ADA coin price action

The current trading price of ADA is $0.36, marking a 4.1% increase over the last 24 hours.

Read also: Amid Rally in Dogecoin Price, Doge Fan Elon Musk Talks About DOGE

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Bitcoinik

ORIGINAL SOURCE

https://bitcoinik.com/majority-of-crypto...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Bitcoinik

See more
Hoskinson Says Bitcoin DeFi Under Cardano Blockchain Ecosystem Will Surpass ETH & Sol DeFi
Bitcoinik
Hoskinson Says Bitcoin DeFi Under Cardano Blockchain Ecosystem Will Surpass ETH & Sol DeFi

last Sunday at 11:42 AM

·

15 views

Related News

See more
Cardano Summit 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)