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A well-respected stock and crypto analyst on TradingView believes Cardano could rise 3,000% above $13 if its history repeats. The…
The post Stock Analyst Expects a 3,000% Cardano Upsurge to $13+ if History Repeats first appeared on The Crypto Basic.
Cardano (ADA) is now in the limelight with many events planned to happen in the near future. Crypto analyst Sssebi has recently shared his observations on X post, stating that Cardano is set to experience a significant price surge following a period of ranging. The analyst noted that ADA from the Cardano has been consolidating […]
Cryptocurrency analyst Sssebi has recently given his opinion on Cardano, ADA, and its performance. In the recent X post, the analyst recommended that the ADA should take a break after the recent strong rally. Sssebi has elaborated that ADA has had an excellent rally; however, the current rally pace shows signs of consolidation. Such a […]
The Cardano network recently faced a distributed denial of service (DDoS) attack, a malicious attempt to disrupt its operations. However, the mechanisms and decentralized structure of Cardano effectively mitigated the attack, ensuring uninterrupted stability and operation. This display of resilience has garnered praise from bullish investors and renewed confidence in the price appreciation prospects of Cardano’s native token, ADA. DDoS Attack Propels Bullish Sentiment Jaromir Tesar, an industry expert, highlighted that most services, including SundaeSwap, which processed many orders, continued to operate effectively during the attack. The attacker incurred transaction fees, resulting in financial losses without causing significant disruption. According to Tesar, this incident demonstrates Cardano’s ability to withstand and thwart malicious activities, establishing it as a winner in terms of network resilience. Related Reading: Can Terra Classic Rise From The Ashes? Analyst Foresees 1,500% Price Increase In an in-depth analysis of Cardano’s security, Tesar highlights the complexity of executing a DDoS attack on the network when compared to traditional client-server networks. Cardano’s distributed structure includes numerous nodes, each with its own memory pool, making simultaneous attacks on multiple nodes challenging. Unlike centralized systems, where attacks are directed at a limited number of servers, Cardano’s design distributes the network load across its nodes, making it much more resilient. Within Cardano’s ecosystem, each block-producing node maintains a mem-pool, which acts as a waiting room for transactions before they are included in a block. Transactions are processed on a first-come, first-served basis, passing through relay nodes and diffusing to other block-producing nodes. Lastly, Tesar noted in its analysis that the demand-driven protocol of Cardano allows nodes to manage their data rate, concurrency, and data volume, thereby preventing overwhelming resource consumption. This protocol protects both parties involved in transaction transfers, mitigating the risk of resource consumption attacks. Cardano Season Begins? Dan Gambardello, founder of Crypto Capital Venture, highlighted the top-tier security measures and decentralized design of Cardano as key reasons for his bullish sentiment. The ongoing attack showcased Cardano’s ability to handle such situations as intended. Interestingly, the attacker’s funds were exposed in the process and are now essentially being used to fund Cardano’s development, reinforcing the network’s resilience. As “Cardano season” begins, Gambardello said, with anticipation and excitement surrounding the network growing, the recent DDoS attack serves as a testament to the strength and reliability of the Cardano ecosystem. Its security measures, decentralized architecture, rapid response from developers and users, and the exposure of attackers’ funds have added to the bullish sentiment surrounding Cardano’s prospects, Gambardello concluded. ADA Price Analysis After experiencing a sharp correction that led to ADA’s price plummeting to a yearly low of $0.356 over the weekend, the cryptocurrency has regained the $0.392 level. Currently, it is setting its sights on overcoming the $0.400 resistance, expecting a potential price increase to bridge the gap between its current value and the yearly high of $0.811 achieved in March. Related Reading: Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React? Adding to the positive outlook for ADA’s price, technical analyst Ali Martinez recently identified a buy signal on ADA’s daily chart, indicated by the TD Sequential indicator. This signal anticipates a price rebound for the altcoin. Nevertheless, it is crucial for ADA to successfully surpass its current resistance at $0.400 to continue recovering from the losses incurred in recent months. The next significant resistance level on the daily chart is at $0.439. It remains to be seen if network developments and a general market recovery can lift the price of ADA to previously lost levels and start a new uptrend to surpass the $1 milestone. Featured image from DALL-E, chart from TradingView.com
FieryTrading analyzes Cardano’s bullish potential amid DDoS attack and upgrades, setting a target of $24 with a high risk/reward ratio…
The post Expert Sees Cardano Rally to $24 Despite Recent DDoS Attack first appeared on The Crypto Basic.
Cardanos ADA shows signs of impending growth since it trades within a falling wedge pattern below its current range. The trading area establishes high-reversal probabilities through steady ADA prices ranging from $0.4000 to $0.4200. This setup suggests that ADA is likely to experience a bullish trend soon. According to Rose Premium Signals, the suggested trader […]
Notable crypto analyst Ali Martinez expects Cardano (ADA) to record a parabolic bull run to $9.9 following the latest 50%…
The post Market Veteran Says Cardano Has Set the Stage for a Parabolic Bull Run to $9.9 first appeared on The Crypto Basic.
Renowned crypto analyst Alan Santana has provided a detailed analysis of Cardano (ADA) price movement, forecasting a significant drop before a potential bullish surge. According to Santana, the ADA/USDT pair, which has been a staple for many traders over the years, could see a notable decrease in value before rebounding. Critical Levels Identified for ADA: […]
Cardano (ADA) has recently garnered attention with dynamic price moves. Analysts predict $10 or $100, but how much should one…
The post Heres How Much Cardano You Need to Be Millionaire if ADA Hits $10 or $100 first appeared on The Crypto Basic.
Cardano (ADA) is tracing a downward trajectory within a medium to long-term trend channel. This pattern reflects a consistent trend of investors selling at progressively lower prices, indicating a negative sentiment toward the currency’s development. Moreover, the moving average indicator has provided a bearish signal, suggesting a continuation of this downward trend. Notably, the currency has breached a […]
Multiple prediction platforms propose how long Cardano (ADA) may take to soar by 650% above the $3 price. Cardano languishes…
The post Here are Projected Timelines for Cardano to Rise 649% to $3.25 first appeared on The Crypto Basic.
Cardano’s ADA is under fresh selling pressure, Currently trading at $0.6057, down by 4.89% in the past 24 hours. Even in this correction, the 24-hour volume increased to $739.05 million, an indication of increased activity in the market with a rise of 15.34%. In the past seven days, ADA has registered relative strength with an […]
Popular crypto analyst discusses Cardano’s (ADA) future prospects and addresses concerns over swap completion time on Cardano DEXs. Renowned crypto analyst and founder of Crypto Capital Venture, Dan Gambardello, has recently released a dedicated video discussing the future prospects of Cardano (ADA) while addressing recent concerns surrounding the completion time of swaps on Cardano-based decentralized […]
The post Crypto Capital Founder Predicts Major Move for Cardano (ADA) first appeared on The Crypto Basic.
Prominent analyst says Cardano (ADA)current price is a repeat of its 2019 downward pattern, adding that the coin could find its bottom against Bitcoin in Q3 2023. Benjamin Cowen, a prominent crypto analyst, has warned that Cardano (ADA), the ninth-largest cryptocurrency, is repeating a 2019 downward pattern. Notably, Cowen voiced this concern in a recent […]
The post Top Analyst Forecasts Cardano (ADA) Could Find Its Bottom Against Bitcoin in Q3 2023 first appeared on The Crypto Basic.
ADA looks set for a bullish reversal after breaking key resistance. Cardano’s ADA has rallied by over 20% in the last 24 hours. It is the highest gainer amongst the top 10 crypto assets by market cap as the crypto markets go green. While many see this rally as unexpected, it bears mentioning that, as […]
The post ADA Enjoys 20% Rally Breaking Months Long Downtrend first appeared on The Crypto Basic.
After a decent rally, it appears whales are looking to take profit. According to tweets from prominent crypto analyst Ali Martinez, Cardano’s ADA has flashed a sell signal on the 4-hour and 1-hour price chart. The analyst comes to this conclusion using the TD sequential indicator that traders can use to spot trend reversals. In […]
The post ADA Flashes Sell Signal Following Recent Rallies first appeared on The Crypto Basic.
The recent trend of whale accumulation follows significant selloffs in the past 2 months. Cardano (ADA) whale addresses (holding 1M to 100M ADA) have embarked on a massive accumulation rally, adding 217M+ ADA tokens to their bags since January 1. In the wake of the market-wide downturn and the unfavorable macro headwinds, these whale addresses […]
The post ADA Whale Accumulation Picks Up Amid An 8% Price Surge in 2 Days first appeared on The Crypto Basic.
A seasoned Analyst believes a bullish reversal may be on the Horizon for ADA, but it must first break a critical resistance level. Cardano’s ADA has enjoyed a positive start to the new year, finding support at the $0.24 price point and printing only green candles on the daily chart. However, prominent technical analyst Duo […]
The post Here’s What Cardano (ADA) Needs For A Bullish Reversal: Report first appeared on The Crypto Basic.
On-chain data reveals that Cardano has a robust investor community, with a significant size of holdings unmoved in five years. …
The post Data Shows 23% of Cardano Holders Have Not Sold a Single ADA in Five Years first appeared on The Crypto Basic.
Pieter Nierop, a Cardano proponent affiliated with the Cardano Fans staking pool, asserted that Cardano could see a huge supply…
The post Cardano Could Record Supply Shock As Investors Retain 7B ADA for Over 5 Years first appeared on The Crypto Basic.
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