Cardano To Soar 22X? Analyst Sees Opportunity Despite On-Chain Decline

Quick Summary:

If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025.pic.twitter.com/GgKWBqzYXU — Ali (@ali_charts) October 29, 2024 Martinez thinks if history repeats itself, we may see a price jump starting around November 18, 2024–two weeks after the US elections.

ADA market cap currently at $12.4 billion.Chart: TradingView.com On-Chain Activity Raises Concerns A fresh analysis from IntoTheBlock that showed Cardano’s Network Value to Transactions (NVT) ratio has surged to its highest level since June adds to the concern.

Related Reading: Bitcoin Potential For Monetary Policy Sparks Growing Interest Among Central Banks The Road To Recovery For Cardano This is a challenging time for Cardano as investors monitor closely its price movement and the behavior of trading with the token.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Cryptocurrency Market News Altcoins Crypto Bitcoin Cardano ADA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 21:00:56 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 78 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23342719

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions