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TL;DR Analysts highlight a potential breakout for ADA, supported by bullish chart patterns and upcoming developments for Cardano. However, recent whale sales of millions of tokens could negatively affect the price. The Bullish Scenario Despite the solid start to the year, the past few days have not been kind to the cryptocurrency market. Bitcoin’s (BTC) price has plummeted by around 9% on a 48-hour scale , while numerous altcoins have suffered even more substantial declines. Cardano’s ADA is one of those, with its valuation dumping by 20% since January 7. Currently, it trades at around $0.91 (per CoinGecko’s data), while its market capitalization fell well below $35 billion. The popular X user Dan Gambardello, though, remains an optimist. Recently, he claimed that ADA has “one of the most bullish weekly pattern setups in crypto,” which represents an “inverse head and shoulders with upward sloping neckline.” Gambradello assumed that a breakout to the upside could result in a price rally to as high as $7. Altcoin Daily chipped in, too. At the start of the year, they outlined bullish predictions about multiple cryptocurrencies, envisioning ADA’s valuation to hit $6.45 sometime in 2025. It is worth mentioning that the analyst said this target should not be taken for granted, suggesting that “any altcoin can theoretically go to zero at any time. “ They also warned people to invest only as much as they are ready to lose. Meanwhile, Cardano is set to undergo some essential developments in the next 12 months that could trigger upward pressure on the price of the native token. Those willing to check what’s on the agenda can take a look at our dedicated video below: How About a Further Pullback? Contrary to the aforementioned bullish predictions, some factors signal that ADA could continue plunging in the near future . Earlier this week, the X user Ali Martinez revealed that whales have sold over 70 million tokens in the span of 48 hours. Such actions from large investors increase the circulating supply of ADA and could be followed by a price decline (assuming demand doesn’t catch up with the pace). Additionally, the move may discourage smaller players and trigger a more substantial selling spree. The post Top Cardano (ADA) Price Forecasts: Further Decline or a Rise to a New ATH? appeared first on CryptoPotato .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Top Ripple (XRP) Price Predictions Following the Recent Market Crash
TL;DR Analysts project XRP could hit new highs, with forecasts ranging from $4 to $9. However, one market observer envisioned a double-digit crash if the price fails to close above $4 by March 10. New ATH Soon? Ripple’s XRP started 2025 on the right foot, with its price surging to almost $2.50 on January 4. However, the decline witnessed across the broader crypto market in the past few days put the brakes on the rally. XRP briefly plummeted to as low as $2.23 on January 7 and is currently worth approximately $2.27 (per CoinGecko’s data). XRP Price, Source: CoinGecko Nonetheless, many analysts who regularly observe the token’s price performance think a fresh resurgence could be in the cards. For example, the X user with almost 400,000 followers – Crypto Bitlord – urged people to invest in XRP, describing it as “the safest asset in all of crypto.” The Great Matsby also weighed in, expecting the valuation to hit a new all-time high of $9 in the near future . “XRP is so damn bullish that it’s one of the last coins that hasn’t even touched the daily Ichimoku cloud yet,” they said. The daily Ichimoku cloud is a technical analysis tool that helps traders identify trends, potential reversals, and support/resistance levels. It combines several components, including ongoing market trends, momentum, and future projections. Other industry participants chipping in as of late are CRYPTOWZRD and the veteran trader Peter Brandt. The former believes XRP’s pump to $4 is “inevitable,” while the latter suggested that the asset’s market capitalization could surpass a whopping $500 billion. Meanwhile, the XRP army recently got hyped following the meeting between the newly elected US president – Donald Trump – and two of Ripple’s bosses – Brad Garlinghouse and Stuart Alderoty. What the men discussed during dinner remains unknown, but the crypto community was quick to give some interesting suggestions. Some of the speculations include the potential growth of Ripple and the further development of the local cryptocurrency sector. Something for the Bears While the overall sentiment surrounding XRP is quite optimistic, there are some market observers who foresee a potential crash. One person to outline such a thesis is the X user EGRAG CRYPTO. The analyst (who usually makes bullish price predictions for Ripple’s native token) recently opined that it should “finish above $4 with strong confirmation on the weekly chart.” This needs to happen before March 10 , or otherwise , the token might collapse by over 70%. The X user based their forecast on the Lunar eclipse , which is scheduled for that period. EGRAG CRYPTO claimed that the phenomenon has been followed by a crypto market correction in the past. It is worth mentioning that there is no economic basis to suggest that the next Lunar eclipse can cause fluctuations in the sector. The post Top Ripple (XRP) Price Predictions Following the Recent Market Crash appeared first on CryptoPotato . Crypto Potato
Rena Labs Secures $3.3M Funding to Pioneer Trustless On-Chain AI Solutions
PRESS RELEASE. January 9th, 2025 –– Rena Labs, the startup aiming to enable the next generation of autonomous and verifiable AI solutions, has announced the successful closure of a $3.3 million pre-seed funding round led by Paper Ventures. The company attracted investment from a number of high-profile venture capital firms, among them Lightspeed Faction, Eterna Crypto Potato
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APTOS Takes Bold Steps in Crypto Ecosystem
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