The Cardano price prediction appears to be moving from bullish to bearish as the 50-day moving average lies below the $0.4255 level. The ADA has recovered above the $0.3365 level over the past few weeks and seemed to be moving towards the $0.4315 level, but failed to break through that level and entered a bearish correction.
But at the same time, as of the last 7 days, the price of Cardano has risen by more than 18%. Can Cardano Price Maintain a Bull Market? Also, could the price of Cardano reach $5 in November? Let’s find out together through the text!
Cardano Price and Tokenomics
Cardano currently has a price of $0.4022 and a 24 hour trading volume of $6.17 million. In the past 24 hours, the price of Cardano fell 0.1%, but as of the 15th, it recovered by 18.1%. At this point, according to CoinGecko data, Cardano ranks eighth overall with a live market cap of $14 billion.
The current circulation of Cardano is 35,045,020,830 ADA coins, and the total issuance is 45,000,000,000.
Charles Hawkinson’s Cardano Price Prediction
Cardano founder Charles Hawkinson recently published his predictions for the future price of Cardano based on its relationship with Ethereum.
In a recent YouTube video, Hoskinson argued that the claim that proof-of-stake blockchains like Cardano are less familiar to ordinary investors than proof-of-work blockchains is in fact false.
According to Hoskinson, anyone with a computer on par with a non-linked GTR5 can join the Cardano network as a Stake Pool Operator (SPO) and help keep the network online. It is said that there is
The power of Cardano is that you can efficiently run a world financial operating system as an SPO on an $800 PC https://t.co/4GGdSJuPTl
— Charles Hoskinson (@IOHK_Charles) October 25, 2022
Hoskinson argues that because of its accessibility to the masses, Cardano will one day evolve into a larger ecosystem where blockchains and sidechains run concurrently:
“Cardano will eventually be a blockchain network with dozens or hundreds of sidechains running in parallel. In other words, all sidechains will be blockchains or partnerships with blockchains, just like Star Trek’s “Borgs” absorbing technology. Hardware like Cardano has the technology to do all of this, and the ecosystem it builds can actually move all of this. These futures are wonderful and the fruits of our hard work.”
Cardano market cap rises by 2.3 billion in one day
According to data released daily by Cardano, Cardano’s market capitalization has risen by nearly 2.3 billion over the past three days. Considering that Cardano is a cryptocurrency in the top 10 by market capitalization, as of October 26th, Cardano’s market capitalization increase (15%) is by far the highest.
TOP MONEY FLOW IN LAYER 1 BLOCKCHAINS
In the last few days, the market has been hyped with the rise of Ethereum, leading the growth of all other layer 1 blockchains. Except for Ethereum, Cardano is the layer 1 that witnessed the largest growth!
#cardano #money #flow #layer1 pic.twitter.com/Qwi0ieVbId— Cardano Daily (@cardano_daily) October 27, 2022
This comes after on-chain analytics firm Santiment announced that Cardano has not been undervalued at all since January 2019. After $3.3 billion of inflows into Ethereum over the past week, Cardano reports daily that it has seen the biggest growth of any similar layer 1 blockchain.
Based on relative combined social + market activity, Cardano has hit an AlternativeRank™ of 1 out of the top 3,954 coins across the market.
One-week activity:
Shared links: 43.31K +8.9%
Social mentions: 206.2K +8.44%
Social engagements: 536.29M +12.78%https://t.co/YHBrYm9Mu5 pic.twitter.com/QTmrJLWjNf— LunarCrush (@LunarCrush) October 26, 2022
카르다노의 소셜 지표 역시 지난 1주간 눈에 띄게 성장했다. 루나크러쉬 데이터에 따르면, 카르다노는 근래에 들어 8.44% 증가한 멘션과 12.78% 증가한 소셜 참여를 경험했다.
카르다노 가격 예측 – 카르다노는 11월에 5달러를 기록할 수 있을까?
이번 한 주간 ADA/USD 거래쌍은 상당한 강세를 보이며, 지속되었던 주간 약세 추세를 극복하고 상승장을 나타내는 신호들을 보여주었다. 그러나 ADA는 여전히 주요 저항선이 0.4320 달러를 돌파하기 위해 고군분투하고 있는 상황이다.
10월 11일 ADA/USD 거래쌍은 0.3990 달러에서 하락 삼각형 패턴을 돌파했다. 내림차순 삼각형 패턴의 약세 돌파는 일반적으로 매도 추세가 지속된 후 강세 조정으로 자연스럽게 이어진다. 결과적으로 50일 이동 평균선인 0.4260 아래에 있는 도지 캔들은 카르다노 구매자에게 우려가 되는 지표이다.
카르다노는 이러한 상황에서 0.3570 달러 또는 0.3365 달러에서 저항선을 형성한다. 이보다 더 하락하는 경우에 ADA 저항선은 0.3020 달러까지 하락할 수 있다.
MACD와 RSI 같은 선행 지표는 여전히 매수 경향을 나타낸다. 다만, 50일 이동 평균은 매도 평향을 보여주고 있다. 따라서, 0.4320 달러 이상의 강세 돌파를 경험한다면, 다음 가격 수준은 0.5190 달러 또는 0.5850 달러에 형성되며 구매 여지를 추가로 제공할 것으로 보인다.
카르다노가 11월 안에 5달러에 도달하는 것은 그렇게 현실적인 목표는 아니지만, 0.43 달러 가격 수준을 극복한다면, 추가 구매 추세에 돌입할 수 있을 것으로 보인다.
새로운 암호화폐 사전 판매 소식
For investors expecting a steep rise, the Cardano price analysis above may sound disappointing. Therefore, before concluding this article, I would like to introduce one pre-sale project with high upside potential. This is the Dash 2 Trade project, which became one of the best token sales of the year, raising over $3 million in less than a week of pre-sale .
Dash 2 Trade, an Ethereum-based platform, aims to provide users with a wide range of real-time analytics and social trading indicators. The amount raised so far shows the expectations of many investors for the system.
Dash 2 Trade plans to list D2T tokens on multiple exchanges in the first quarter of 2023, after the end of the pre-sale. Given the successful uptrend that has continued to date , D2T Coin appears to have a solid foundation for even greater success.
related articles
- Cardano Price Forecast 2022-2025
- How to Buy Dash 2 Trade
- Ethereum Price Prediction – Google Support, Will ETH Rise To $10,000?
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