Ethereum

Based

Cardano

Bitcoin

<ul>
 <li>In the last 24 hours, Cardano (ADA) surged by 7.94%, rising from $0.3678 to $0.397.</li>
 <li>Santiment’s analysis suggests Cardano is poised to outperform BTC and ETH based on its 30-day MVRV metrics.</li>
</ul>
Amidst evolving regulatory landscapes in the cryptocurrency market, Ethereum has received a boost as the SEC concluded its investigation, signaling positive sentiment for the digital asset. This development has injected optimism into the global crypto market, prompting a potential recovery outlook.
In the past 24 hours, Cardano (ADA) has displayed <a href="https://thenewscrypto.com/ada-cardano-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">bullish momentum</a>, surging by 7.94% from $0.3678 to $0.397. At the time of writing, Cardano is trading at $0.3856, with a market cap of $13.77 billion—and the 10th largest crypto.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXddZtw1Me-4tdl_m4GKOZYW9qbJQkown8ldtr8h2U82eVDtx6fIiQzYiGlvBrm4bNhz-GP9s-CcT8z01dqm810AVTXm-nzcZ6sdM999sV6ZMrI2ulYVfqRvrTdWrnvQ2Ds6CRqVBHJ8O2__ND43AQ?key=Fg9tQkoeQurZgb_Y61JOtg" alt="">
 <figcaption class="wp-element-caption">Cardano (ADA) Price Chart (Source: <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
 </figcaption>
 </figure>
</div>
According to insights from on-chain analytics firm Santiment, Cardano (ADA) is poised to outperform leading cryptocurrencies like Bitcoin and Ethereum. Based on the 30-day market value to realized value (MVRV) metrics, the firm’s analysis indicates a favorable outlook for ADA and other altcoins. The MVRV metric assesses the potential for short-term price rallies by comparing a cryptocurrency’s market value against its realized value.
Further, analysts are particularly bullish on Cardano’s ADA, forecasting a <a href="https://thenewscrypto.com/cardano-founder-proposes-blockchain-backed-elections-with-paper-audit-trail/" target="_blank" rel="noopener noreferrer nofollow">potential rise</a> to $1 or higher in the near future. This positive outlook underscores growing confidence in ADA’s market dynamics and potential short-term performance. However, Cardano is still down more than 87% from its all-time high of $3.10.
Overall, these developments highlight a shifting landscape where regulatory clarity and favorable market metrics are influencing investor sentiment and price expectations across various cryptocurrencies.

Cardano (ADA) Targets $1 Amid Bullish Signals

TheNewsCrypto

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