{"id":555929,"date":"2023-10-18T23:00:55","date_gmt":"2023-10-18T23:00:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=555929"},"modified":"2023-10-18T13:15:38","modified_gmt":"2023-10-18T13:15:38","slug":"cardano-ada-16500-blowout","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/cardano-ada-16500-blowout\/","title":{"rendered":"Cardano (ADA) Getting Ready To Explode: Analyst Presents 16,500% Blowout"},"content":{"rendered":"

Cardano (ADA<\/a>) has been stuck in an accumulation zone for a couple of months now and has not seen the kind of run-up other large cryptocurrencies have experienced. This continued accumulation as well as trading in a very tight range could mean a very significant breakout when it finally happens and one crypto analyst<\/a> has predicted an incredible surge along these lines.<\/p>\n

Cardano Could See A 16,500% Surge<\/h2>\n

Tim Warren, one of the hosts of the Investing Broz show on Discord, took to X (formerly Twitter) to share a rather bullish Cardano chart. In the chart, Warren points out Cardano\u2019s previous price performance which has been nothing short of phenomenal.<\/p>\n

\n
Related Reading: Cardano Whale Addresses Continue To Fall, What Does This Mean For ADA Price?<\/a><\/div>\n<\/div>\n

As the chart shows, the ADA price<\/a> had fallen around 98% from its prior all-time high which it had hit in 2018. By 2020, ADA\u2019s price was sitting as low as $0.018, but the imminent turnaround would take the entire market by surprise. ADA would go on to rally a total of 16,500% by the time it hit its new all-time high of $3.10 in 2021.<\/p>\n

\"Cardano<\/p>\n

Chart shows 16,500% ADA rally | Source: X<\/a><\/pre>\n

Applying this historical performance to the current price level of ADA could suggest another such rally. Cardano\u2019s price<\/a> is currently sitting around 92% below its all-time high, which puts it close to the same level it was back in 2020.<\/p>\n

If ADA sticks to this historical performance and does a repeat, a 16,500% surge from the current price level would put the digital asset\u2019s price<\/a> at $40 at its peak.<\/p>\n

\"Cardano<\/p>\n

ADA continues to trade in a tight range | Source: ADAUSD on Tradingview.com<\/a><\/pre>\n

The Value Proposition Of ADA<\/h2>\n

Responding to Warren\u2019s post, another X user, Chris O chimes in with the value proposition of the digital asset. Chris, who is the founder of Ghost Fund DAO, a protocol on Cardano, explained that ADA\u2019s previous 16,500% surge had happened without having support for smart contracts and decentralized finance (DeFi)<\/a>, among others. But now that the network supports this, the founder believes this could trigger a large rise.<\/p>\n

Chris points to the presence of DeFi, a rising Total Value Locked (TVL)<\/a>, non-fungible tokens (NFTs)<\/a>, and sidechains<\/a> which are now prominent on the network. He also points out the various protocols which have been launched on the network across these different sectors.<\/p>\n

\n

#Cardano<\/a> fam, simple chart showing FUTURE opportunity. Without SC, CNT\u2019s, Defi, $ADA<\/a> did 165x from bear bottom.<\/p>\n

Now with SC, Defi\/booming TVL, NFT\u2019s, Projects such as @book_io<\/a>, @CornucopiasGame<\/a>, @Indigo_protocol<\/a>, @IagonOfficial<\/a>, etc\u2026, along with Hydra, Marlowe, Mithril,\u2026 https:\/\/t.co\/EChPO0SSLH<\/a><\/p>\n

\u2014 Chris O (@TheOCcryptobro) October 14, 2023<\/a><\/p><\/blockquote>\n

As Chris points out, ADA had done a \u201c165x from bear bottom\u201d without Cardano having support for all of the sectors listed above. So he believes that \u201cA 25x – 40x is a very reasonable expectation. Drown out the noise.\u201d<\/p>\n

Related Reading: Meme Coins That Are Ripe For The Picking Following $3.2 Billion Crash<\/a><\/p>\n

Chris referred to Warren\u2019s chart as a \u201csimple chart showing FUTURE opportunity.\u201d However, if ADA<\/a> were to make a repeat of its 2020-2021 rally, a 40x would only be the beginning<\/a> for the digital asset.<\/p>\n

Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from CoinMarketCap, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Cardano (ADA) has been stuck in an accumulation zone for a couple of months now and has not seen the kind of run-up other large cryptocurrencies have experienced. This continued accumulation as well as trading in a very tight range could mean a very significant breakout when it finally happens and one crypto analyst has predicted an incredible surge along these lines. Cardano Could See A 16,500% Surge Tim Warren, one of the hosts of the Investing Broz show on Discord, took to X (formerly Twitter) to share a rather bullish Cardano chart. In the chart, Warren points out Cardano\u2019s previous price performance which has been nothing short of phenomenal. Related Reading: Cardano Whale Addresses Continue To Fall, What Does This Mean For ADA Price? As the chart shows, the ADA price had fallen around 98% from its prior all-time high which it had hit in 2018. By 2020, ADA\u2019s price was sitting as low as $0.018, but the imminent turnaround would take the entire market by surprise. ADA would go on to rally a total of 16,500% by the time it hit its new all-time high of $3.10 in 2021. Chart shows 16,500% ADA rally | Source: X Applying this historical performance to the current price level of ADA could suggest another such rally. Cardano\u2019s price is currently sitting around 92% below its all-time high, which puts it close to the same level it was back in 2020. If ADA sticks to this historical performance and does a repeat, a 16,500% surge from the current price level would put the digital asset\u2019s price at $40 at its peak. ADA continues to trade in a tight range | Source: ADAUSD on Tradingview.com The Value Proposition Of ADA Responding to Warren\u2019s post, another X user, Chris O chimes in with the value proposition of the digital asset. Chris, who is the founder of Ghost Fund DAO, a protocol on Cardano, explained that ADA\u2019s previous 16,500% surge had happened without having support for smart contracts and decentralized finance (DeFi), among others. But now that the network supports this, the founder believes this could trigger a large rise. Chris points to the presence of DeFi, a rising Total Value Locked (TVL), non-fungible tokens (NFTs), and sidechains which are now prominent on the network. He also points out the various protocols which have been launched on the network across these different sectors. #Cardano fam, simple chart showing FUTURE opportunity. Without SC, CNT\u2019s, Defi, $ADA did 165x from bear bottom. Now with SC, Defi\/booming TVL, NFT\u2019s, Projects such as @book_io, @CornucopiasGame, @Indigo_protocol, @IagonOfficial, etc\u2026, along with Hydra, Marlowe, Mithril,\u2026 https:\/\/t.co\/EChPO0SSLH \u2014 Chris O (@TheOCcryptobro) October 14, 2023 As Chris points out, ADA had done a \u201c165x from bear bottom\u201d without Cardano having support for all of the sectors listed above. So he believes that \u201cA 25x – 40x is a very reasonable expectation. Drown out the noise.\u201d Related Reading: Meme Coins That Are Ripe For The Picking Following $3.2 Billion Crash Chris referred to Warren\u2019s chart as a \u201csimple chart showing FUTURE opportunity.\u201d However, if ADA were to make a repeat of its 2020-2021 rally, a 40x would only be the beginning for the digital asset. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from CoinMarketCap, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":555937,"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":[12333,89347,84005,86092,14643,79508,12332,84164,89230,12329,89680,16230],"class_list":["post-555929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price","tag-ada-price-prediction","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-network","tag-cardano-news","tag-cardano-price","tag-cardano-price-performance","tag-cardano-price-prediction"],"acf":[],"yoast_head":"\nCardano (ADA) Getting Ready To Explode: Analyst Presents 16,500% 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. 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 (ADA) Getting Ready To Explode: Analyst Presents 16,500% Blowout","url":"http:\/\/uniquehot.com\/news\/cardano\/cardano-ada-16500-blowout\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/cardano-ada-16500-blowout\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Cardano-ADA-16500-bull.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Cardano-ADA-16500-bull.jpeg?fit=730%2C411"},"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 news","ada price","ada price prediction","adausd","adausdt","cardano","cardano network","cardano news","cardano price","cardano price performance","cardano price prediction"],"dateCreated":"2023-10-18T23:00:55Z","datePublished":"2023-10-18T23:00:55Z","dateModified":"2023-10-18T23:00:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano (ADA) Getting Ready To Explode: Analyst Presents 16,500% Blowout\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-ada-16500-blowout\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-ada-16500-blowout\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Cardano-ADA-16500-bull.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Cardano-ADA-16500-bull.jpeg?fit=730%2C411\"},\"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 news\",\"ada price\",\"ada price prediction\",\"adausd\",\"adausdt\",\"cardano\",\"cardano network\",\"cardano news\",\"cardano price\",\"cardano price performance\",\"cardano price prediction\"],\"dateCreated\":\"2023-10-18T23:00:55Z\",\"datePublished\":\"2023-10-18T23:00:55Z\",\"dateModified\":\"2023-10-18T23:00:55Z\"}<\/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\/2023\/10\/Cardano-ADA-16500-bull.jpeg?fit=730%2C411","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/555929"}],"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=555929"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/555929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/555937"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=555929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=555929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=555929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}