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Cardano (ADA) struggled as one of 2024’s worst–performing major cryptocurrencies, losing over 30% of its value year-to-date through October. However, November brought a quick positive turnaround, with ADA recouping roughly six months of losses in just seven days. Now, a popular analyst is outlining a potential path for Cardano, predicting that the cryptocurrency could be on the cusp of a significant upward movement in the coming days. ADA Signals Impressive Rally Next Year After explosive price rallies earlier this month that stunned market observers, the crypto market experienced a steep downturn in recent weeks fueled by the U.S. Federal Reserve’s hawkishness . ADA, specifically, fell by over 40% from its local high of $1.33 to as low as $0.7620. However, one long-time trader and analyst in the crypto industry is leaning bullish on Cardano despite the drop below the critical $1 level. Michaël Van de Poppe has suggested that the current market correction may be nearing its end, setting the foundation for a parabolic bullish phase for the token. “I think we’re getting towards the end of this correction, through which I’m expecting a new leg up for things like ADA,” Van de Poppe wrote in a Dec. 30 post on X. In the accompanying chart, van de Poppe noted that ADA’s bullish run from lows of $0.3260 at the start of November 2024 to highs of $1.3264 in early December 2024 was likely the “first wave upwards” for the ADA cryptocurrency. The expert expects Ethereum rival Cardano to smash past its current lifetime high price point of $3.09 sometime in 2025 or 2026. ADA is trading for $0.8724 at the time of writing, a 1.1% increase during the last day, according to CoinGecko data. As the crypto asset battles to gain a foothold above the $1 mark, traders and analysts alike are closely watching its performance. A breakout above this psychological barrier could embolden the bulls, paving the way for further gains, potentially reaching $1.24 and ultimately $3.
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Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets
![Quantitative crypto analyst PlanB says that Bitcoin ( BTC ) is gearing up for months of new all-time highs. In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before. “Historically, if we have an all-time high in price, there’s a high probability that we’ll see more all-time highs in price. We saw that in 2020, 2021, in 2017, and in 2013. A new all-time high leads to another all-time high [and] a whole bunch of other all-time highs. So yes, we had an all-time high in December [of] 108,000, but not the closing price. However, I do expect for 2025 that we’ll see many more months with all-time highs similar to the previous bull markets.” According to PlanB, the flagship digital asset’s average price for the next four years is $500,000. However, he notes that it will likely not be exactly $500,000 and fall somewhere between $250,000 and $1 million. “The stock-to-flow model looks forward in time and it gives a 2024-2028 target of an average price of about $500,000… The rule of thumb: one standard deviation band is about two times the 500,000, which is 1 million, and 500,000 divided by two, which is 250,000, so we have a wide range of 250,000 to 1 million where I expect the average of the four-year price cycle to be.” The stock-to-flow model compares the supply of an asset or commodity with its flow of production. Bitcoin is trading for $98,445 at time of writing, a 1.6% increase on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets appeared first on The Daily Hodl .](/image/6778ecdb2c327.jpg)
Quantitative crypto analyst PlanB says that Bitcoin ( BTC ) is gearing up for months of new all-time highs. In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before. “Historically, if we have an all-time high in price, there’s a high probability that we’ll see more all-time highs in price. We saw that in 2020, 2021, in 2017, and in 2013. A new all-time high leads to another all-time high [and] a whole bunch of other all-time highs. So yes, we had an all-time high in December [of] 108,000, but not the closing price. However, I do expect for 2025 that we’ll see many more months with all-time highs similar to the previous bull markets.” According to PlanB, the flagship digital asset’s average price for the next four years is $500,000. However, he notes that it will likely not be exactly $500,000 and fall somewhere between $250,000 and $1 million. “The stock-to-flow model looks forward in time and it gives a 2024-2028 target of an average price of about $500,000… The rule of thumb: one standard deviation band is about two times the 500,000, which is 1 million, and 500,000 divided by two, which is 250,000, so we have a wide range of 250,000 to 1 million where I expect the average of the four-year price cycle to be.” The stock-to-flow model compares the supply of an asset or commodity with its flow of production. Bitcoin is trading for $98,445 at time of writing, a 1.6% increase on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets appeared first on The Daily Hodl . ZyCrypto
Solana Memecoin New Year New Shiba to Surge Over 14,000% Before Exchange Listing, While PEPE and WIF Drop
New Year New Shiba could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. New Year New Shiba (NEWSHIBA), a Solana memecoin launched today, is set to surge over 14,000% in price in the coming days. This is because NEWSHIBA is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, New Year New Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and New Year New Shiba could become the next viral memecoin. New Year New Shiba launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy New Year New Shiba on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for New Year New Shiba by entering its contract address – 7DjEUoHG7Yr3LpaqNPcyc5DgNEYSLrnPV8zsjQBbAYfh – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like NEWSHIBA. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. ZyCrypto
