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Cardano price has fallen by more than 5% in the last 24 hours, trading at $0.372 at 7 a.m. Eastern Time.
However, one analyst believes that the ADA price is primed for an extraordinary bull run that will see it soar 650% in July next year.
Cardano price has grown substantially in recent days, reaching a six-month high just 24 hours ago.
The weekly chart shows that the coin has struggled with several key resistances over the past week, including $0.39 and $0.40.
Cardano price expected to reach $0.75 in December and $6.50 in 2024
Despite Cardano’s current struggle to reach and surpass $0.40, crypto analyst Ali Martinez believes the coin has a bright future.
In a recent analysis, which he posted on
He believes this suggests that ADA could surpass the $0.45 resistance in the first week of December and reach $0.75 by the end of the month. That will set you up for a powerful 650% overall boost.
#cardanoThe current consolidation trend eerily reflects the 2018-2020 phase without the COVID-19 crisis!
Then, $ADA could surpass the $0.45 resistance around the first week of December. The rebound could send #ADA to $0.75 at the end of December.
Do you want to exchange this configuration? Head… pic.twitter.com/u3KzOsZj2F
—Ali (@ali_charts) November 16, 2023
bitcoin ETF approval could send BTCETF through the roof
While the ADA prediction could lead to significant profits for Cardano holders, there is a token that could reward its users even more under the right circumstances.
The token in question is the bitcoin ETF (BTCETF), which currently has a pre-sale approaching $1 million raised.
The token aims to reward holders as bitcoin ETFs are approved.
The project has established a list of approval-related goals, each of which will provide buyers with rewards once met, culminating in the approval of one or more bitcoin exchange-traded funds by the Exchange Commission. and U.S. Securities
https://www.youtube.com/watch?v=hsO9HNneaDg
While there is no certainty that the SEC will approve ETFs, many in the crypto industry believe it is only a matter of time before it happens.
Excitement and anticipation led to the creation of BTCETF, and given that its pre-sale raised $935.5k at the time of writing, there are plenty of investors positioning themselves for future gains.
The price of the token right now is $0.0054, and those interested in purchasing it can do so in exchange for eth, USDT, or purchase it with their credit or debit card.
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