Inconsistent Metrics Indicate Further Struggle For SUSHI \u2013 Colder Winter Ahead?<\/a><\/div>\nA daily close below $0.31 will be a critical blow to the token which is still trying to move out of the shadow of its 52-week low. Interestingly, it continues to stall around $0.306 ahead of the opening of the trading day which could mean some strength if the trading volume were to pick up by midday trading hours.<\/p>\n
ADA is currently trading at $0.306 at the time of this writing. The price of the digital asset is down 6.82% in the last 7 days and 2.88% in the last 24 hours. It remains the 9th largest cryptocurrency with a market cap of $10.4 billion.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA) has taken some of the largest hits through the bear market. The digital asset has seen massive declines that have pushed its price toward one-year lows. However, the community remains steadfast behind Cardano, and the outlook for its native ADA token shows that investors remain extremely bullish on the cryptocurrency. $0.47 For ADA By Year End The Cardano community on Coinmarketcap has shown a very bullish outlook for the future. The Price Estimates feature allows users to input a value they believe the price of a digital asset will reach by a certain time period and then provides an average of the prices. Related Reading: Bitcoin Drops Below $17,000 Pre-CPI And FOMC \u2013 Scenarios To Prepare For This Week With more than 5,000 votes already collated for the month, the average estimation came out to $0.4788 by the end of 2022. Given this current price, it means that the community expects a 57% increase in the price of ADA before the year runs out. The bullish outlook also continues to the new year as expectations fly even higher for January 2023. The estimates for this puts the price of ADA at $0.5, a 65% increase from current levels. And for the next six months, expectations remain in the green that ADA will continue to trade higher than its current value. Will Cardano Pull This Off? The Cardano community may be bullish on the future of ADA but indicators point to a very bearish trend for the digital asset. The first of these is the digital asset continues to trade consistently below its 50-day moving average, which is an important technical level for any cryptocurrency to record a bullish trend. ADA continues to stall at $0.306 | Source: ADAUSD on TradingView.com While ADA continues to hold above $0.3, it is a precarious situation for the cryptocurrency. One of these is that the cryptocurrency had previously fallen below this level in November. Presently, it is serving as support but another decline below this will see the bears mount resistance at this point. Related Reading: Inconsistent Metrics Indicate Further Struggle For SUSHI \u2013 Colder Winter Ahead? A daily close below $0.31 will be a critical blow to the token which is still trying to move out of the shadow of its 52-week low. Interestingly, it continues to stall around $0.306 ahead of the opening of the trading day which could mean some strength if the trading volume were to pick up by midday trading hours. ADA is currently trading at $0.306 at the time of this writing. The price of the digital asset is down 6.82% in the last 7 days and 2.88% in the last 24 hours. It remains the 9th largest cryptocurrency with a market cap of $10.4 billion.<\/p>\n","protected":false},"author":541,"featured_media":512092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,85378,84005,14643,79508,12332,87492],"class_list":["post-512086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-forecast","tag-ada-price","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-community"],"acf":[],"yoast_head":"\n
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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Community Expects ADA To Jump 50% By End Of Year, Is This Possible?","url":"http:\/\/uniquehot.com\/news\/cardano\/cardano-community-expects-ada-to-jump-50-by-end-of-year-is-this-possible\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/cardano-community-expects-ada-to-jump-50-by-end-of-year-is-this-possible\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Cardano-ADA.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Cardano-ADA.jpeg?fit=1531%2C839"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada forecast","ada price","adausd","adausdt","cardano","cardano community"],"dateCreated":"2022-12-13T04:00:26Z","datePublished":"2022-12-13T04:00:26Z","dateModified":"2024-06-11T10:52:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Community Expects ADA To Jump 50% By End Of Year, Is This Possible?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-community-expects-ada-to-jump-50-by-end-of-year-is-this-possible\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-community-expects-ada-to-jump-50-by-end-of-year-is-this-possible\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Cardano-ADA.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Cardano-ADA.jpeg?fit=1531%2C839\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada forecast\",\"ada price\",\"adausd\",\"adausdt\",\"cardano\",\"cardano community\"],\"dateCreated\":\"2022-12-13T04:00:26Z\",\"datePublished\":\"2022-12-13T04:00:26Z\",\"dateModified\":\"2024-06-11T10:52:21Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Cardano-ADA.jpeg?fit=1531%2C839","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/512086"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=512086"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/512086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/512092"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=512086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=512086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=512086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}