Don't you agree it is quiet around $ADA? Some actually say it's poised for a potential surge to $5 🤑🫨

The word on street suggests that Cardano could be on the verge of a significant price surge. This prediction contrasts sharply with the negative sentiment currently circulating in the broader cryptocurrency community, where Cardano has been labeled as a "dead coin" by some.

Despite these bearish views, development within the Cardano ecosystem remains robust, ranking third among all cryptocurrencies in terms of activity.

Hard fork 🥄
A key factor driving this optimistic outlook is the forthcoming Chang hard fork, considered one of the most significant milestones in Cardano's history. The event is expected to have a major impact on ADA's price, with the potential to trigger a parabolic rise.

Technical analysis further supports this 🐂 scenario. The formation of a "breaker block pattern" on ADA's chart signals a likely continuation of its bullish trend after a period of consolidation. Additionally, a promising RSI crossover on the monthly chart suggests that ADA could be on the brink of a significant rally.

Market dynamics also favor this outlook, with order book data showing a strong inclination towards buying rather than selling ADA. This suggests a growing consensus among traders that ADA is headed for an upward trajectory.🗽

In conclusion, the combination of strong technical indicators and development within Cardano, points to a potentially price increase. NFA

Cardano

Don't you agree it is quiet around $ADA? Some actually say it's poised for a potential surge to $5 🤑🫨

The word on street suggests that Cardano could be on the verge of a significant price surge. This prediction contrasts sharply with the negative sentiment currently circulating in the broader cryptocurrency community, where Cardano has been labeled as a "dead coin" by some.

Despite these bearish views, development within the Cardano ecosystem remains robust, ranking third among all cryptocurrencies in terms of activity.

Hard fork 🥄
A key factor driving this optimistic outlook is the forthcoming *Chang hard fork*, considered one of the most significant milestones in Cardano's history. The event is expected to have a major impact on ADA's price, with the potential to trigger a parabolic rise.

Technical analysis further supports this 🐂 scenario. The formation of a "breaker block pattern" on ADA's chart signals a likely continuation of its bullish trend after a period of consolidation. Additionally, a promising RSI crossover on the monthly chart suggests that ADA could be on the brink of a significant rally.

Market dynamics also favor this outlook, with order book data showing a strong inclination towards buying rather than selling ADA. This suggests a growing consensus among traders that ADA is headed for an upward trajectory.🗽

In conclusion, the combination of strong technical indicators and development within Cardano, points to a potentially price increase. NFA

Jeroen

I award the project a score of 4. While the project exhibits promise with its capable team and dedicated community, the absence of a well-defined use case could be perceived as a hurdle in its progress.

The founders of Cardano, Jeremy Wood and Charles Hoskinson, are notable technology entrepreneurs and mathematicians. They have a long history in the cryptocurrency space, having started working on blockchain technology as early as 2011. Their expertise and contributions have been significant, as evidenced by their creation of a blockchain course that has been taken by over 80,000 students, including former programmers from the Ethereum team.

The Cardano Foundation project showcases a promising team with 145 employees on its official LinkedIn page, which is a positive indicator of a well-staffed and capable workforce. Having more than 135,000 subscribers to the page indicates a substantial and engaged community.

It's important to consider that despite having a strong team and an active community, Cardano is still a project under construction and may be facing challenges in terms of actual use cases. The lack of a clear, tangible use case for the platform is seen as a concern, as it may affect the project's real-world adoption and utility.

Official site: https://cardano.org/

DYOR. Not financial advice.

I award the project a score of 4. While the project exhibits promise with its capable team and dedicated community, the absence of a well-defined use case could be perceived as a hurdle in its progress. 

The founders of Cardano, Jeremy Wood and Charles Hoskinson, are notable technology entrepreneurs and mathematicians. They have a long history in the cryptocurrency space, having started working on blockchain technology as early as 2011. Their expertise and contributions have been significant, as evidenced by their creation of a blockchain course that has been taken by over 80,000 students, including former programmers from the Ethereum team.

The Cardano Foundation project showcases a promising team with 145 employees on its official LinkedIn page, which is a positive indicator of a well-staffed and capable workforce. Having more than 135,000 subscribers to the page indicates a substantial and engaged community.

It's important to consider that despite having a strong team and an active community, Cardano is still a project under construction and may be facing challenges in terms of actual use cases. The lack of a clear, tangible use case for the platform is seen as a concern, as it may affect the project's real-world adoption and utility.

Official site: https://cardano.org/

DYOR. Not financial advice.

Cardano ADA

Proof-of-stake Layer 1