{"id":515434,"date":"2023-01-09T11:00:05","date_gmt":"2023-01-09T16:00:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=515434"},"modified":"2023-03-08T07:26:12","modified_gmt":"2023-03-08T07:26:12","slug":"cardano-sentiment-ada-become-top-3-coin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/cardano-sentiment-ada-become-top-3-coin\/","title":{"rendered":"Cardano Follows Bullish Sentiment, Why ADA Could Become Top 3 Coin"},"content":{"rendered":"<p><strong><span data-preserver-spaces=\"true\">Cardano (ADA) follows the market&#8217;s general sentiment and records positive price action on a low timeframe. The cryptocurrency has been trading heavily since the sector took another dive into its current levels, but there is light at the of the tunnel.<\/span><\/strong><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/top-5-crypto-to-watch\/\" target=\"_blank\" rel=\"noopener \">Top 5 Crypto To Watch As CPI Data Is Released This Week<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Cardano (ADA) trades at $0.32, with a 12% rally in the last 24 hours. Over the previous week, the token records a 29% profit and stands as the best-performing crypto asset for this period. Other cryptocurrencies in the top 10 are seeing similar price action.\u00a0<\/span><\/p>\n<figure id=\"attachment_515444\" aria-describedby=\"caption-attachment-515444\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-515444 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/Cardano-ADA-ADAUSDT.png?resize=860%2C376\" alt=\"Cardano ADA ADAUSDT\" width=\"860\" height=\"376\"><figcaption id=\"caption-attachment-515444\" class=\"wp-caption-text\">ADA&#8217;s price with bullish momentum on the daily chart. Source:<a href=\"https:\/\/www.tradingview.com\/chart\/1R5z32jI\/?symbol=BINANCE%3AADAUSDT\" target=\"_blank\" rel=\"noopener nofollow\"><strong> ADAUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n<h2>Cardano Will Take Over Higher Spots In Top 10 By Market Cap<\/h2>\n<p><span data-preserver-spaces=\"true\">According to a pseudonym Cardano bull, the cryptocurrency is underpriced. The token has suffered along with other risks on assets due to tighter macroeconomic conditions. Despite the downside trend, ADA remained one of the largest cryptocurrencies by market capitalization.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Cardano first entered this ranking in late 2021, at the high of the previous crypto bullish cycle. At that time, the company behind its development introduced a series of improvements and rollout smart contract capabilities on the platform.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These improvements made Cardano compatible with decentralized finance (DeFi) applications and took it to the top of several metrics, including monthly contributions from developers. The ADA ecosystem bloomed.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Two weeks ago, as NewsBTC <a href=\"https:\/\/uniquehot.com\/news\/cardano\/cardano-ada-undervalued-on-chain-data\/\" target=\"_blank\" rel=\"noopener \">reported<\/a>, there was another spike in Cardano&#8217;s on-chain activity. These metrics support ADA&#8217;s bullish thesis as they hint at seller exhaustion following a massive downtrend and substantial accumulation from mid to large investors, as seen in the chart below.\u00a0<\/span><\/p>\n<figure id=\"attachment_513981\" aria-describedby=\"caption-attachment-513981\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-513981 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Cardano-ADA-11.23.52-28-Dec-2022.png?resize=860%2C291\" alt=\"Cardano (ADA) Santiment\" width=\"860\" height=\"291\"><figcaption id=\"caption-attachment-513981\" class=\"wp-caption-text\">Cardano balance of addresses. Source: Santiment<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The pseudonym analyst <a href=\"https:\/\/mobile.twitter.com\/cardano_whale\/status\/46392064\" target=\"_blank\" rel=\"noopener nofollow\">wrote<\/a> the following about ADA&#8217;s future and its potential to see further profits:<\/span><\/p>\n<blockquote><p>(\u2026) I believe that&#8217;s where it fairly belongs. Socials drive crypto value and this is the 3rd largest community, at least. The 2020-22 VC driven TPS, TVL, ponzinomics psyops are coming to an end. Cardano will assume its rightful place.<\/p><\/blockquote>\n<h3>ADA Out Of The Crypto Top 10 By Market Cap?<\/h3>\n<p><span data-preserver-spaces=\"true\">On the other hand, ADA&#8217;s detractors posted their 2023 predictions for the token. Crypto personality Eric Wall forecasted that ADA would &#8220;finally drop&#8221; from the top 10 by market cap.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-realized-volatility-drops-rare\/\" target=\"_blank\" rel=\"noopener \">Ethereum 1-Month Realized Volatility Drops To Rare Level Seen Only Thrice In History<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">The Cardano community rejected the prediction; some believe ADA will exit the general group and enter the top 3, thus fulfilling the prophecy. While others have different expectations and, while bullish on ADA, acknowledge the ranking fluctuations. One User <a href=\"https:\/\/twitter.com\/TrevorMundane\/status\/64151297?s=20&amp;t=bgf9QhNWMl61dJLDJqIoQg\" target=\"_blank\" rel=\"noopener nofollow\">wrote<\/a>:<\/span><\/p>\n<blockquote><p>Can&#8217;t pretend it&#8217;s not possible (for Cardano to exit the top 10). Perfect storm of Elon tweets some crap about doge, polygon partners with meta, sol VCs decide to pump all at the same time. Insurance is that the same people shorting ADA seem to also be shorting sol, so they both go up with a squeeze.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Cardano (ADA) follows the market&#8217;s general sentiment and records positive price action on a low timeframe. The cryptocurrency has been trading heavily since the sector took another dive into its current levels, but there is light at the of the tunnel. Related Reading: Top 5 Crypto To Watch As CPI Data Is Released This Week Cardano (ADA) trades at $0.32, with a 12% rally in the last 24 hours. Over the previous week, the token records a 29% profit and stands as the best-performing crypto asset for this period. Other cryptocurrencies in the top 10 are seeing similar price action.\u00a0 Cardano Will Take Over Higher Spots In Top 10 By Market Cap According to a pseudonym Cardano bull, the cryptocurrency is underpriced. The token has suffered along with other risks on assets due to tighter macroeconomic conditions. Despite the downside trend, ADA remained one of the largest cryptocurrencies by market capitalization.\u00a0 Cardano first entered this ranking in late 2021, at the high of the previous crypto bullish cycle. At that time, the company behind its development introduced a series of improvements and rollout smart contract capabilities on the platform.\u00a0 These improvements made Cardano compatible with decentralized finance (DeFi) applications and took it to the top of several metrics, including monthly contributions from developers. The ADA ecosystem bloomed.\u00a0 Two weeks ago, as NewsBTC reported, there was another spike in Cardano&#8217;s on-chain activity. These metrics support ADA&#8217;s bullish thesis as they hint at seller exhaustion following a massive downtrend and substantial accumulation from mid to large investors, as seen in the chart below.\u00a0 The pseudonym analyst wrote the following about ADA&#8217;s future and its potential to see further profits: (\u2026) I believe that&#8217;s where it fairly belongs. Socials drive crypto value and this is the 3rd largest community, at least. The 2020-22 VC driven TPS, TVL, ponzinomics psyops are coming to an end. Cardano will assume its rightful place. ADA Out Of The Crypto Top 10 By Market Cap? On the other hand, ADA&#8217;s detractors posted their 2023 predictions for the token. Crypto personality Eric Wall forecasted that ADA would &#8220;finally drop&#8221; from the top 10 by market cap.\u00a0 Related Reading: Ethereum 1-Month Realized Volatility Drops To Rare Level Seen Only Thrice In History The Cardano community rejected the prediction; some believe ADA will exit the general group and enter the top 3, thus fulfilling the prophecy. While others have different expectations and, while bullish on ADA, acknowledge the ranking fluctuations. One User wrote: Can&#8217;t pretend it&#8217;s not possible (for Cardano to exit the top 10). Perfect storm of Elon tweets some crap about doge, polygon partners with meta, sol VCs decide to pump all at the same time. Insurance is that the same people shorting ADA seem to also be shorting sol, so they both go up with a squeeze.<\/p>\n","protected":false},"author":535,"featured_media":511563,"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":[12333,79508,12332],"class_list":["post-515434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\n<title>Cardano Follows Bullish Sentiment, Why ADA Could Become Top 3 Coin<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) follows the market&#039;s general sentiment and records positive price action on a low timeframe. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/uniquehot.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Cardano Follows Bullish Sentiment, Why ADA Could Become Top 3 Coin","description":"Cardano (ADA) follows the market's general sentiment and records positive price action on a low timeframe. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Follows Bullish Sentiment, Why ADA Could Become Top 3 Coin","url":"http:\/\/uniquehot.com\/news\/cardano\/cardano-sentiment-ada-become-top-3-coin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/cardano-sentiment-ada-become-top-3-coin\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/traxer-jz6mrH9lnt0-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/traxer-jz6mrH9lnt0-unsplash.jpg?fit=1920%2C1277"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausdt","cardano"],"dateCreated":"2023-01-09T16:00:05Z","datePublished":"2023-01-09T16:00:05Z","dateModified":"2023-03-08T07:26:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Follows Bullish Sentiment, Why ADA Could Become Top 3 Coin\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-sentiment-ada-become-top-3-coin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-sentiment-ada-become-top-3-coin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/traxer-jz6mrH9lnt0-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/traxer-jz6mrH9lnt0-unsplash.jpg?fit=1920%2C1277\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausdt\",\"cardano\"],\"dateCreated\":\"2023-01-09T16:00:05Z\",\"datePublished\":\"2023-01-09T16:00:05Z\",\"dateModified\":\"2023-03-08T07:26:12Z\"}<\/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\/traxer-jz6mrH9lnt0-unsplash.jpg?fit=1920%2C1277","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/515434"}],"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\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=515434"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/515434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/511563"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=515434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=515434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=515434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}