{"id":596156,"date":"2024-03-04T20:00:48","date_gmt":"2024-03-04T20:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=596156"},"modified":"2024-03-04T13:32:22","modified_gmt":"2024-03-04T13:32:22","slug":"cardano-is-10-possible","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-is-10-possible\/","title":{"rendered":"Cardano On-Chain Fundamentals Point To Massive Rally, Is $10 Possible?"},"content":{"rendered":"

The <\/span>Cardano network<\/span><\/a> is showing bullish signs, which suggest that a price surge might be on the horizon for the <\/span>ADA token<\/span><\/a>. Based on price predictions made by some crypto analysts, the crypto token could rise to as high as $10 when this happens.\u00a0<\/span><\/p>\n

Cardano Network Is Healthy\u00a0<\/span><\/h2>\n

Crypto analyst Ali Martinez<\/span><\/a> highlighted in an X (formerly Twitter) <\/span>post<\/span><\/a> that the <\/span>Cardano network<\/span><\/a> appears healthy. This is based on several metrics in which the network continues to experience significant growth. This includes the notable rise in daily active ADA addresses, transaction volume, and transactions from <\/span>ADA whales<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10<\/a><\/div>\n

Martinez noted that this increasing activity \u201csignifies strong network engagement and investor interest, positive indicators for continued growth.\u201d It further suggests that more investors are increasingly bullish on the Cardano ecosystem (specifically ADA) ahead of the <\/span>next bull run<\/span><\/a>.<\/span><\/p>\n

Cardano\u2019s growth since last year has been one of the major talking points for some time now. At the beginning of this year, Bitcoinist <\/span>reported<\/span><\/a> that the network had gained more adoption since last year. Notably, Cardano achieved a significant milestone in December 2023, when all its blocks <\/span>were reported<\/span><\/a> to have been filled.\u00a0<\/span><\/p>\n

More recently, Bitcoinist also <\/span>reported<\/span><\/a> how the network has seen massive growth in new wallets. Between February 22 and 23, Cardano witnessed almost a 90% jump in wallet creation, increasing from 1,706 to 3,227. The report also noted how Cardano has a diversified investor base, with retail and large-scale investors wanting to get in on the ADA token.\u00a0<\/span><\/p>\n

ADA To $10?<\/h2>\n

Cardano’s impressive on-chain fundamentals no doubt point to a massive rally from the ADA token. It also provides optimism that the crypto token rising to as high as $10 in the bull cycle is possible. Before now, <\/span>several analysts<\/span><\/a> had given their thoughts on how ADA\u2019s price could increase exponentially when the bull market returns.\u00a0<\/span><\/p>\n

Related Reading: $906 Million Worth Of Ethereum Leave Exchanges Last Week \u2013 ETH To $4,000?<\/a><\/div>\n

Crypto analyst Dan Gambardello<\/span><\/a> was among those who painted the most bullish picture for ADA, <\/span>stating<\/span><\/a> that it could rise to as high as $11. This prediction means that ADA will not only rise to the $10 mark but also surpass it. Meanwhile, crypto expert Jason Appleton (aka Crypto Crow) went as far as <\/span>predicting<\/span><\/a> that ADA will rise to $32 and noted that it will be one of the most altcoins when that time comes.\u00a0<\/span><\/p>\n

Ali Martinez once offered his ADA prediction when he <\/span>mentioned<\/span><\/a> how ADA could rise to $7 if it mirrors a historical move from 2020. ADA hitting $7 will undoubtedly make the $10 mark more feasible.\u00a0<\/span><\/p>\n

At the time of writing, ADA is trading at around $0.78, up over 11% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Cardano<\/p>\n

ADA price at $0.78 | Source: ADAUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Zipmex, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Cardano network is showing bullish signs, which suggest that a price surge might be on the horizon for the ADA token. Based on price predictions made by some crypto analysts, the crypto token could rise to as high as $10 when this happens.\u00a0 Cardano Network Is Healthy\u00a0 Crypto analyst Ali Martinez highlighted in an X (formerly Twitter) post that the Cardano network appears healthy. This is based on several metrics in which the network continues to experience significant growth. This includes the notable rise in daily active ADA addresses, transaction volume, and transactions from ADA whales.\u00a0 Related Reading: CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10 Martinez noted that this increasing activity \u201csignifies strong network engagement and investor interest, positive indicators for continued growth.\u201d It further suggests that more investors are increasingly bullish on the Cardano ecosystem (specifically ADA) ahead of the next bull run. Cardano\u2019s growth since last year has been one of the major talking points for some time now. At the beginning of this year, Bitcoinist reported that the network had gained more adoption since last year. Notably, Cardano achieved a significant milestone in December 2023, when all its blocks were reported to have been filled.\u00a0 More recently, Bitcoinist also reported how the network has seen massive growth in new wallets. Between February 22 and 23, Cardano witnessed almost a 90% jump in wallet creation, increasing from 1,706 to 3,227. The report also noted how Cardano has a diversified investor base, with retail and large-scale investors wanting to get in on the ADA token.\u00a0 ADA To $10? Cardano’s impressive on-chain fundamentals no doubt point to a massive rally from the ADA token. It also provides optimism that the crypto token rising to as high as $10 in the bull cycle is possible. Before now, several analysts had given their thoughts on how ADA\u2019s price could increase exponentially when the bull market returns.\u00a0 Related Reading: $906 Million Worth Of Ethereum Leave Exchanges Last Week \u2013 ETH To $4,000? Crypto analyst Dan Gambardello was among those who painted the most bullish picture for ADA, stating that it could rise to as high as $11. This prediction means that ADA will not only rise to the $10 mark but also surpass it. Meanwhile, crypto expert Jason Appleton (aka Crypto Crow) went as far as predicting that ADA will rise to $32 and noted that it will be one of the most altcoins when that time comes.\u00a0 Ali Martinez once offered his ADA prediction when he mentioned how ADA could rise to $7 if it mirrors a historical move from 2020. ADA hitting $7 will undoubtedly make the $10 mark more feasible.\u00a0 At the time of writing, ADA is trading at around $0.78, up over 11% in the last 24 hours, according to data from CoinMarketCap.\u00a0 ADA price at $0.78 | Source: ADAUSD on Tradingview.com Featured image from Zipmex, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":596169,"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":[12333,84005,14643,79508,12332,84164,89230,12329],"class_list":["post-596156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-price","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-network","tag-cardano-news","tag-cardano-price"],"acf":[],"yoast_head":"\nCardano On-Chain Fundamentals Point To Massive Rally, Is $10 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano On-Chain Fundamentals Point To Massive Rally, Is $10 Possible?","url":"http:\/\/wncen.com\/news\/cardano\/cardano-is-10-possible\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/cardano-is-10-possible\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Cardano_e7e933.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Cardano_e7e933.jpeg?fit=1200%2C716"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada price","adausd","adausdt","cardano","cardano network","cardano news","cardano price"],"dateCreated":"2024-03-04T20:00:48Z","datePublished":"2024-03-04T20:00:48Z","dateModified":"2024-03-04T20:00:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano On-Chain Fundamentals Point To Massive Rally, Is $10 Possible?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-is-10-possible\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-is-10-possible\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Cardano_e7e933.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Cardano_e7e933.jpeg?fit=1200%2C716\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada price\",\"adausd\",\"adausdt\",\"cardano\",\"cardano network\",\"cardano news\",\"cardano price\"],\"dateCreated\":\"2024-03-04T20:00:48Z\",\"datePublished\":\"2024-03-04T20:00:48Z\",\"dateModified\":\"2024-03-04T20:00:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Cardano_e7e933.jpeg?fit=1200%2C716","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596156"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=596156"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/596169"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=596156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=596156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=596156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}