CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Will Cardano (ADA) Investors See a Huge Rally Like Solana in Early 2024? Analysts Predict ADA Could Reach $3

29.08.2024
A A
0
125
VIEWS
ShareShare

Cardano (ADA) could be on the verge of a huge rally akin to what Solana (SOL) saw in early 2024, with analysts predicting that the ADA price could reach as high as $3 this bull market.

Popular technical analyst XForceGlobal commented on X that Cardano’s current structure looks similar to when Solana created a bottom.

$ADA
Primary Macro Analysis#Cardano did an 18,000% run in its last bull run, but it also did one of the strongest pullbacks during the bear market. Structure looks very similar to when $SOL was creating a bottom as well for a 1-2 sequence. Wave 3 targets would be around $3. pic.twitter.com/KRKxcNEgX8

— XForceGlobal (@XForceGlobal) August 23, 2024

XForceGlobal, citing Elliot Wave theory, predicted that “wave 3” could see the ADA price rally to as high as $3.

That would market a whopping near-10x rally from its current levels around $0.35.

Other analysts share the optimism. Crypto Capital Venture founder Dan Gambardello asked “what if Cardano does a 25x…?”.

What if Cardano does a 25x…? pic.twitter.com/3EYjfqHNv3

— Dan Gambardello (@cryptorecruitr) August 23, 2024

If Cardano is following in the footsteps of Solana, then that’s very possible.

From its late-December 2022 lows around $8 per token, Solana saw a 26x rally to its March 2024 highs at $208.

By contrast, ADA is only up about 60% versus its 2022 lows. And at its peak earlier this year when it reached above $0.80, ADA was up less than 4x.

A weak adoption narrative has plagued ADA in the past year and a half.

Whilst on-chain activity on Solana has exploded in 2023/2024, ADA’s has remained muted.

The Cardano blockchain only boasts a trade value locked in its smart contracts of around $200 million, per DeFi Llama.

That’s 25x lower than the $5.081 billion in TVL on Solana, also per DeFi Llama.

But a major ADA update is coming. Could that change its fortunes?

Can Major Cardano Update Salvage the Underperforming Crypto?

Cardano is about to under go its largest upgrade in over two years.

The so-called “Chang Hard Ford” will introduced features such as Plutus V3 and on-chain governance.

The Cardano Foundation hopes that this will enhance the blockchain’s scalability and decentralization.

One analyst referred to the upcoming upgrade, scheduled for 1st September, as a crucial step in realizing the blockchain’s vision to become a fully decentralized blockchain platform.

6/ Overall, the Chang hard fork is a crucial step in realizing Cardano's vision of a fully decentralized blockchain platform🧑‍🏭
By shifting to community-driven governance, Cardano becomes more responsive to user needs, promoting growth and sustainability
Source: @cointelegraph

— Nio | Cardano DeFi Investment Tracker (@NioApp) August 22, 2024

Whether the upcoming upgrade leads to badly needed Cardano blockchain user growth remains to be seen.

If more users do flock to the chain, it could be the start of a reversal of ADA’s fortunes.

ADA remains one to watch as 2024 progresses.

Cardano Alternative to Consider

Cardano is a wild card. It could post 10x gains. But it could also be a major laggard to cryptos with better adoption momentum, like Bitcoin, Ethereum and Solana.

Investors might prefer to invest in these major coins instead, with them ranking amongst the best cryptos to buy now.

That said, some investors with a higher risk tolerance might want to consider meme coin markets.

And one of the best ways to make big money in meme coins is by getting involved in high potential presales.

One new meme coin presale analysts at Cryptonews.com like a lot is called Crypto All-Stars (STARS).

The innovative new coin allows users to earn a staking yield on their favorite meme coins.

Investors have already poured $830,000 into the presale, with the price set to rise imminently.

Cryptonews.com’s in-house analyst Chester explains in the below video why he thinks STARS has 100x potential.

Buy STARS Here

The post Will Cardano (ADA) Investors See a Huge Rally Like Solana in Early 2024? Analysts Predict ADA Could Reach $3 appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar
All news

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

03.10.2025
0

With deep partisan divisions preventing Congress and the White House from reaching a funding agreement, the US government shut down...

Read moreDetails
Why Is Crypto Up Today? – October 3, 2025

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Load More
Next Post
Top Crypto Gainers Today on DEXScreener – KEK, EBULL, VANGOCH

Top Crypto Gainers Today on DEXScreener – KEK, EBULL, VANGOCH

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Why is XRP price down today?

Why is XRP price down today?

2 years ago
Chainlink (LINK) Market in Turmoil: Whales Dump $2.6M on Binance

Chainlink (LINK) Market in Turmoil: Whales Dump $2.6M on Binance

2 years ago

El Salvador Becomes the Latest Country Where Binance Secures Regulatory Approval

2 years ago
Japanese Finance Minster: Tokyo Will Evaluate Crypto Tax System ‘by June’

Japanese Finance Minster: Tokyo Will Evaluate Crypto Tax System ‘by June’

8 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Will a Europe-US BTC reserve race actually happen?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Trending

Bitcoin above $120k: Here’s 3 data points bulls must watch next
Analysis

Bitcoin above $120k: Here’s 3 data points bulls must watch next

03.10.2025
0

Bitcoin price is back above $120,000, and the market has clean data to read instead of just...

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

US Government Shutdown Triggers Cryptocurrency Market Recovery: Bitcoin, Ethereum, and Ripple Prices Soar

03.10.2025
Why Is Crypto Up Today? – October 3, 2025

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz