Cardano (ADA) May Be Preparing for a Rally: Here’s Why
TL;DR
- Speculation has increased that Gemini is potentially listing cardano (ADA) following a popular post from the exchange.
- Despite recent declines, analysts are predicting a significant upside for the asset, with predictions going as high as $10 based on past performance.
Many industry participants have recently predicted that ADA, Cardano’s native token, may soon be listed by US-based cryptocurrency exchange gemini. Rumors started to circulate briefly after publishing a post about company was praised existence and its essence were mentioned.
The interaction triggered heated debate and became the subject of increasing attention. X user Dave noted that Gemini’s posts are often collected on average 10,000 views. As of now, the post about Cardano (ADA) has been viewed almost 330,000 times, with many users urging the firm to adopt the token.Cardano $ADA is an open source protocol that democratizes the consensus and governance process
Created to be a scalable, interoperable and sustainable solution compared to other PoS blockchains
— Gemini (@Gemini) May 11, 2024
An official listing on a popular exchange like Gemini results in increased visibility, accessibility, legitimacy and liquidity of the relevant asset. While these factors could attract more investors, potential capital inflows could also trigger a price increase.
Launched in 2014, Gemini is among the leading cryptocurrency exchanges with daily trading volume often exceeding $50 million. IT offers users are given the chance to buy and sell multiple digital assets such as Bitcoin (BTC), Ethereum (ETH), litecoin (LTC), bitcoin cash (BTC), dogecoin (DOGE), Shiba Inu (SHIB) and many more.
Gemini last summer relisted ripple is on the XRP platform after scoring its first partial court victory against the US Securities and Exchange Commission. Expanded support earlier this year, introduction XRP perpetual contracts.
ADA Price Predictions
Cardano’s native token was in the red last month, dropping 13% and currently trading at around $0.44 (according to CoinGecko data). But according to X user JAVON MARKS, this may happen soon. meeting If it mirrors its performance in 2021, it will reach an all-time high of $7.80 (representing a massive 1,500% increase).
Ali Martinez was even more optimistic: imagine A “parabolic” rise to $10. Few months later, He made a more modest estimate of $1.70.
If you are eager to explore additional ADA price predictions, please check out our exclusive video below:
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