After an all-time high of 123,200 dollars, Bitcoin (BTC) currently acts sideways. The time to score is now mainly with the Altcoins. Ethereum (ETH) and XRP in particular are flames and note a weekly increase of 24.5 and 19.9 percent. But Cardano (ADA) is also doing well and seems on the way to the crucial level of 1 dollar.
Cardano performance is ‘healthy’
In the last 24 hours, ADA has been at an increase of 4.4 percent. This brings the course to $ 0.90. As a result, it has been at its highest rating since March. Then the race rose briefly above 1 dollar. When we zoom out, we see that the Cardano graph looks very healthy. We therefore seem on the way to testing the psychological resistance of 1 dollar in the foreseeable future.
At the end of June, Ada reached a local bottom of 0.54 dollars. This decrease was fueled by the conflict between Israel and Iran. Since then, the digital currency has used an increase of 65 percent. It is reminiscent of many investors of the major outbreak of November last year, when Donald Trump won the presidential election.
In the message below by analyst Anup Dhungana, you can clearly see how the course has now broken a downward trend.
The graph shows a fairly constant upward line, with healthy corrections here and there. This is positive because these corrections ensure that short -term investors are shaken out. This then creates space for a more stable and more sustainable upward trend.
In the message below by analyst Anup Dhungana, you can clearly see how the course has now broken a downward trend.
If Cardano manages to recapture the psychological level of $ 1, the next ‘sales wall’ is at $ 1.20.
Hype about midnight launch
A development that causes a lot of hype with ADA investors is the launch of Midnight. This is a privacy-oriented blockchain that runs on the cardano infrastructure. It offers benefits for users who find privacy important for transactions and smart contracts. Consider, for example, a hospital that wants to store medical records on the blockchain, without making patients’ data public.
The Glacier Drop takes place with this launch. Many crypto investors have a chance to win this. Everyone who owned at least 100 dollars in Crypto on 11 June on networks such as Bitcoin, Ethereum, XRP, Solana (SOL) and Cardano is eligible. It is not yet clear when the network and the corresponding token will be launched.
Source: https://newsbit.nl/cardano-stijgt-65-in-weken-komt-de-aanval-op-1-nu/
