Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Analyst Predicts ADA Could Reach $0.75 as it Beats BTC and ETH

Published 12/07/2023, 07:54 PM
Updated 12/07/2023, 08:15 PM
© Reuters Analyst Predicts ADA Could Reach $0.75 as it Beats BTC and ETH
BTC/USD
-
ETH/USD
-
ADA/USD
-

  • Trader and analyst Ali predicted that ADA could break above $0.45 to potentially reach $0.75.
  • Over the past 24 hours, ADA was able to break above $0.45 but corrected to trade at $0.4488 at press time.
  • ADA was able to outperform BTC and ETH over the last 24 hours and the past 7 days.

The popular cryptocurrency trader and analyst Ali on X predicted that Cardano (ADA) could break through the $0.45 resistance soon. In the post, he stated that ADA is back on track, with its latest price movement echoing that seen during its 2018-2020 upward trajectory.

According to Ali, the altcoin could also rally to $0.75 by late December if the current levels hold. Looking at the last 24 hours, ADA registered over a 5% gain to trade at $0.4488 according to the cryptocurrency market tracking website CoinMarketCap.

ADA / Tether US 1D (So…The post Analyst Predicts ADA Could Reach $0.75 as it Beats BTC and ETH appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.