Cardano

Cryptocurrency

<div class="finbold">
 <p class="paragraph">Cardano (ADA) trades at $0.65 by press time, with more than 50% monthly gains, according to <em>CoinMarketCap</em>. During this day, a staking trend surged on Cardano, which carved a positive outlook for investors holding its native token.</p>
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 <p class="paragraph">Finbold retrieved the data of the aforementioned <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> from <em>StakingRewards</em> on December 14. Notably, the platform’s ‘Staked Tokens Trend 24h’ indicator shows a 143% increase in the last 24 hours.&nbsp;</p>
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  <p class="paragraph">“The <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> in staked tokens of the network over the last 24 hours, compared to the average staked tokens over the last 30 days. This metric can provide insights into the short-term <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>s and fluctuations in <a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> activity on the network, as well as the overall level of participation among token holders. A positive <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> may indicate growing interest and confidence in the network, while a negative <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> may suggest declining interest or potential risks or uncertainties for the network.”</p> <cite>— StakingRewards</cite>
 </blockquote>
 <p class="paragraph">Currently, Cardano has a $14.4 billion staking market cap, with 22.72 billion ADA staked. The staking trend surge happened simultaneously with a trading volume trend increase superior to 206%.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="491" src="https://cdn.thebittimes.com/images/2023/12/15/9f3096eb03a7a6427d2565c854eaa23a.webp" alt="Staking trends for Cardano (ADA)." class="wp-image-143162" srcset="https://cdn.thebittimes.com/images/2023/12/15/9f3096eb03a7a6427d2565c854eaa23a.webp 1024w, https://cdn.thebittimes.com/images/2023/12/15/9f3096eb03a7a6427d2565c854eaa23a.webp 300w, https://cdn.thebittimes.com/images/2023/12/15/9f3096eb03a7a6427d2565c854eaa23a.webp 768w, https://cdn.thebittimes.com/images/2023/12/15/9f3096eb03a7a6427d2565c854eaa23a.webp 1536w, https://cdn.thebittimes.com/images/2023/12/15/9f3096eb03a7a6427d2565c854eaa23a.webp 2044w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Staking trends for Cardano (ADA). Source: <em>StakingRewards</em>
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 <h2 class="wp-block-heading" id="h-price-prediction-for-ada">Price prediction for ADA</h2>
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 <p class="paragraph">In the meantime, the professional cryptocurrency trader and analyst Ali Martinez shared his price <a rel="noopener noreferrer nofollow" title="prediction" href="https://thebittimes.com/tag/prediction.html">prediction</a> for ADA on X (formerly Twitter) on the same day. According to Martinez, Cardano’s native token should visit the $0.80 to $1.0 price range next.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">#Cardano trading above $0.60 could be just what the bulls dreamed! With no significant resistance barriers in sight, the path looks clear for $ADA to move higher.<br><br>The next key hurdle is between $0.80 and $1, opening a window for $ADA to shine. pic.twitter.com/X3d21Opg2E</p>— Ali (@ali_charts) December 14, 2023
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 <p class="paragraph">The trader mentioned this range as “the next key hurdle,” considering the amount of ADA holders who are in and out of the money. Interestingly, a higher <a rel="noopener noreferrer nofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> for Cardano also means fewer available tokens to sell in the open market.</p>
 <p class="paragraph">However, there are no guarantees of such a scenario, and investors must remain cautious while trading volatile cryptocurrencies. The cryptocurrency market is unpredictable, and Cardano is fully dependent on more demand for its price to shine.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/price-prediction-for-ada-with-a-143-surge-for-cardano-staking-trends-tbt73723.html">https://thebittimes.com/price-prediction-for-ada-with-a-143-surge-for-cardano-staking-trends-tbt73723.html</a></p>

Price prediction for ADA with a 143% surge for Cardano staking trends

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