{"id":624713,"date":"2024-06-15T02:00:10","date_gmt":"2024-06-15T02:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=624713"},"modified":"2024-06-14T15:24:21","modified_gmt":"2024-06-14T15:24:21","slug":"cardano-developments-ada-3","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-developments-ada-3\/","title":{"rendered":"Crypto Analyst Lists The Cardano Developments That Will Drive ADA Price To $3 In 2024"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/crypto-analyst-identifies-cardano-ada-bullish-cross-that-led-to-6000-increase\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst Sebastian<\/span><\/a><span style=\"font-weight: 400\"> has outlined why he believes <\/span><a href=\"https:\/\/bitcoinist.com\/cardano-founder-change-for-ada\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Cardano (ADA)<\/span><\/a><span style=\"font-weight: 400\"> could rise to as high as $3 this year. The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token. However, it remains to be seen how <\/span><span style=\"font-weight: 400\">Cardano<\/span><span style=\"font-weight: 400\"> will react, given that it is currently one of the worst-performing crypto assets this year.\u00a0<\/span><\/p>\n<h2>Why Cardano\u2019s Price Is Posied To Reach $3 This Year<\/h2>\n<p><span style=\"font-weight: 400\">Sebastian mentioned in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/Av_Sebastian\/status\/07649907\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> four reasons he believes Cardano will reach $3 this year. First, he mentioned Cardano\u2019s partnership with Argentina. The Cardano Foundation <\/span><a href=\"https:\/\/bitcoinist.com\/argentina-says-yes-to-cardano-wil-ada-hit-0-50\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">recently announced<\/span><\/a><span style=\"font-weight: 400\"> its partnership with Entre R\u00edos, a central province in the country. The move is aimed at fostering blockchain adoption in Argentina. The partnership also benefits ADA as it will help the network break into the Argentine market.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/35-jump-bitcoin-magic-bands\/\">Analyst Predicts 35% Jump For Bitcoin In Next Step Of \u2018Magic Bands\u2019<\/a><\/div>\n<p><span style=\"font-weight: 400\">Secondly, Sebastian mentioned the <\/span><a href=\"https:\/\/bitcoinist.com\/cardano-founder-change-chang-hard-fork\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Chang Hard Fork<\/span><\/a><span style=\"font-weight: 400\"> as another reason Cardano is poised to reach $3 this year. This network upgrade is supposed to usher in Cardano\u2019s \u201cVoltaire\u201d era, focusing on decentralized governance. Once this <\/span><a href=\"https:\/\/bitcoinist.com\/cardano-june-hard-fork-predicted-to-boost-ada\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Chang Hard Fork<\/span><\/a><span style=\"font-weight: 400\"> occurs, the Cardano network will become more community-driven, which can help uplift the Cardano ecosystem and further boost investors\u2019 confidence.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sebastian alluded to the new decentralized applications (dApps) launching on Cardano as another reason the crypto token can reach $3 this year. The launch of these dApps will help increase Cardano\u2019s network activity and ultimately positively impact ADA\u2019s price since the crypto token will gain added utility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lastly, Sebastian mentioned that 1.5 billion Cardano tokens will be unlocked for marketing and other investments. He believes these funds could go a long way in promoting the Cardano ecosystem and attracting new users. However, some of his followers disagreed with him in this regard, noting that unlocking this significant amount of tokens would only put <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-sell-pressure-shib\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">massive sell pressure<\/span><\/a><span style=\"font-weight: 400\"> on DA.\u00a0<\/span><\/p>\n<h2>Cardano Chang Hard Fork Is A \u201cBig Deal\u201d<\/h2>\n<p><span style=\"font-weight: 400\">Crypto analyst and Cardano bull <\/span><a href=\"https:\/\/bitcoinist.com\/parabolic-surge-for-cardano\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Dan Gambardello<\/span><\/a><span style=\"font-weight: 400\"> recently <\/span><a href=\"https:\/\/x.com\/cryptorecruitr\/status\/64726073\" rel=\"nofollow\"><span style=\"font-weight: 400\">remarked<\/span><\/a><span style=\"font-weight: 400\"> that the Chang Hard Fork is a bid deal for the Cardano ecosystem, seeing as the network will pivot into \u201can ear of decentralized, community governance.\u201d The network upgrade is expected to go live later this month, with Gambardello claiming this is excellent timing for the <\/span><a href=\"https:\/\/bitcoinist.com\/altcoin-season-ethereum-breakout\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">altcoin season<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-0-5-ex-ripple-director\/\">XRP Continues To Struggle Below $0.5, Ex-Ripple Director Reveals Why Price Action Remains Muted<\/a><\/div>\n<p><span style=\"font-weight: 400\">Gambardello has remained bullish on Cardano despite its <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-action-legal-expert\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">unimpressive price action<\/span><\/a><span style=\"font-weight: 400\"> and has even reassured his followers that the crypto token\u2019s current price action is normal. He <\/span><a href=\"https:\/\/bitcoinist.com\/parabolic-surge-for-cardano\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">stated<\/span><\/a><span style=\"font-weight: 400\"> that ADA was in a similar position in the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-shatters-profit-taking-streak-2021-bull-run\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">last bull run<\/span><\/a><span style=\"font-weight: 400\"> but still recorded a massive price in that market cycle. He expects something similar to happen again and suggested that ADA&#8217;s big move could come once the Altcoin season kicks into full gear.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, ADA is trading at around $0.4, down over 2% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year. The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token. However, it remains to be seen how Cardano will react, given that it is currently one of the worst-performing crypto assets this year.\u00a0 Why Cardano\u2019s Price Is Posied To Reach $3 This Year Sebastian mentioned in an X (formerly Twitter) post four reasons he believes Cardano will reach $3 this year. First, he mentioned Cardano\u2019s partnership with Argentina. The Cardano Foundation recently announced its partnership with Entre R\u00edos, a central province in the country. The move is aimed at fostering blockchain adoption in Argentina. The partnership also benefits ADA as it will help the network break into the Argentine market.\u00a0 Related Reading: Analyst Predicts 35% Jump For Bitcoin In Next Step Of \u2018Magic Bands\u2019 Secondly, Sebastian mentioned the Chang Hard Fork as another reason Cardano is poised to reach $3 this year. This network upgrade is supposed to usher in Cardano\u2019s \u201cVoltaire\u201d era, focusing on decentralized governance. Once this Chang Hard Fork occurs, the Cardano network will become more community-driven, which can help uplift the Cardano ecosystem and further boost investors\u2019 confidence.\u00a0\u00a0 Sebastian alluded to the new decentralized applications (dApps) launching on Cardano as another reason the crypto token can reach $3 this year. The launch of these dApps will help increase Cardano\u2019s network activity and ultimately positively impact ADA\u2019s price since the crypto token will gain added utility.\u00a0 Lastly, Sebastian mentioned that 1.5 billion Cardano tokens will be unlocked for marketing and other investments. He believes these funds could go a long way in promoting the Cardano ecosystem and attracting new users. However, some of his followers disagreed with him in this regard, noting that unlocking this significant amount of tokens would only put massive sell pressure on DA.\u00a0 Cardano Chang Hard Fork Is A \u201cBig Deal\u201d Crypto analyst and Cardano bull Dan Gambardello recently remarked that the Chang Hard Fork is a bid deal for the Cardano ecosystem, seeing as the network will pivot into \u201can ear of decentralized, community governance.\u201d The network upgrade is expected to go live later this month, with Gambardello claiming this is excellent timing for the altcoin season.\u00a0 Related Reading: XRP Continues To Struggle Below $0.5, Ex-Ripple Director Reveals Why Price Action Remains Muted Gambardello has remained bullish on Cardano despite its unimpressive price action and has even reassured his followers that the crypto token\u2019s current price action is normal. He stated that ADA was in a similar position in the last bull run but still recorded a massive price in that market cycle. He expects something similar to happen again and suggested that ADA&#8217;s big move could come once the Altcoin season kicks into full gear.\u00a0 At the time of writing, ADA is trading at around $0.4, down over 2% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com &nbsp;<\/p>\n","protected":false},"author":594,"featured_media":624736,"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":[12333,89347,84005,14643,79508,167,12332,89230,12329,6664,26263,14690],"class_list":["post-624713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price","tag-adausd","tag-adausdt","tag-analyst","tag-cardano","tag-cardano-news","tag-cardano-price","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Lists The Cardano Developments That Will Drive ADA Price To $3 In 2024<\/title>\n<meta name=\"description\" content=\"Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year.\" \/>\n<meta name=\"robots\" content=\"index, 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