• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback
Cardano Price

Cardano Follows Bullish Sentiment, Why ADA Could Become Top 3 Coin

Reynaldo Marquez by Reynaldo Marquez
2 weeks ago
in Cardano
Reading Time: 2 mins read
Advertisement

Cardano (ADA) follows the market’s general sentiment and records positive price action on a low timeframe. The cryptocurrency has been trading heavily since the sector took another dive into its current levels, but there is light at the of the tunnel.

Related Reading: Top 5 Crypto To Watch As CPI Data Is Released This Week

Cardano (ADA) trades at $0.32, with a 12% rally in the last 24 hours. Over the previous week, the token records a 29% profit and stands as the best-performing crypto asset for this period. Other cryptocurrencies in the top 10 are seeing similar price action. 

Cardano ADA ADAUSDT
ADA’s price with bullish momentum on the daily chart. Source: ADAUSDT Tradingview

Cardano Will Take Over Higher Spots In Top 10 By Market Cap

According to a pseudonym Cardano bull, the cryptocurrency is underpriced. The token has suffered along with other risks on assets due to tighter macroeconomic conditions. Despite the downside trend, ADA remained one of the largest cryptocurrencies by market capitalization. 

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

Cardano first entered this ranking in late 2021, at the high of the previous crypto bullish cycle. At that time, the company behind its development introduced a series of improvements and rollout smart contract capabilities on the platform. 

These improvements made Cardano compatible with decentralized finance (DeFi) applications and took it to the top of several metrics, including monthly contributions from developers. The ADA ecosystem bloomed. 

Two weeks ago, as NewsBTC reported, there was another spike in Cardano’s on-chain activity. These metrics support ADA’s bullish thesis as they hint at seller exhaustion following a massive downtrend and substantial accumulation from mid to large investors, as seen in the chart below. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Cardano (ADA) Santiment
Cardano balance of addresses. Source: Santiment

The pseudonym analyst wrote the following about ADA’s future and its potential to see further profits:

(…) I believe that’s where it fairly belongs. Socials drive crypto value and this is the 3rd largest community, at least. The 2020-22 VC driven TPS, TVL, ponzinomics psyops are coming to an end. Cardano will assume its rightful place.

ADA Out Of The Crypto Top 10 By Market Cap?

On the other hand, ADA’s detractors posted their 2023 predictions for the token. Crypto personality Eric Wall forecasted that ADA would “finally drop” from the top 10 by market cap. 

Related Reading: Ethereum 1-Month Realized Volatility Drops To Rare Level Seen Only Thrice In History

The Cardano community rejected the prediction; some believe ADA will exit the general group and enter the top 3, thus fulfilling the prophecy. While others have different expectations and, while bullish on ADA, acknowledge the ranking fluctuations. One User wrote:

Can’t pretend it’s not possible (for Cardano to exit the top 10). Perfect storm of Elon tweets some crap about doge, polygon partners with meta, sol VCs decide to pump all at the same time. Insurance is that the same people shorting ADA seem to also be shorting sol, so they both go up with a squeeze.

Tags: ADAADAUSDTCardano
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Reynaldo Marquez

Reynaldo Marquez

Related Posts

Cardano (ADA)

Cardano Adds 50,000 New Wallets As ADA Market Cap Surges

6 hours ago
cardano

Cardano (ADA) Continues To Shine With 15% Gains In the Last Week

10 hours ago
Cardano Price

Cardano’s Aggressive Development Activity Will Withstand Bear Assault At $0.3?

1 day ago
Cardano (ADA)

Cardano (ADA) Appears In Top Trending Crypto List, Surpassing BTC

3 days ago
Rick McCracken Predicts An Imminent Mainnet Launch For Djed, Cardano Stablecoin

Rick McCracken Predicts Mainnet Launch For Djed, A Cardano Stablecoin

1 week ago
Cardano

Cardano Leads Development With Unique Sidechains And Toolkits

2 weeks ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
Metaspins

Metaspins

Review · Visit
Coinplay

Coinplay

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Solana (SOL) and LEO Token (LEO) Witness Steep Decline; Flasko (FLSK) Looking To Help Investors Recover Loss

January 26, 2023

BudBlockz (BLUNT) Emerges as a Haven as Bitcoin Cash (BCH) and Stellar (XLM) Struggle to Grow

January 26, 2023

The Top Picks for a Bear Market: Hedera (HBAR), Toncoin (TON), and Orbeon Protocol (ORBN)

January 26, 2023

STEPN (GMT) gains 21% as GameFi, and NFT Industries Suddenly Bounce Back, Decentraland (MANA) named one of the top creditors of bankrupted Genesis Global, Snowfall Protocol (SNW) Seems like the best buy in 2023

January 26, 2023

Polkadot (DOT) On the Rise Following New Releases This Week, Tron (TRX) Down 3% , Snowfall Protocol Is Giving Investors an Edge Over the Bear Market In 2023 With Over 500% Price Gain

January 26, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.