Cardano ADA to $1? ADA Rides 10% Wave
Cardano (ADA) is one of the most promising cryptocurrencies on the market today. The asset has rallied 69% in the past year, and in the past week alone is up nearly 10%. Analysts are riding on expectations that the ADA coin will continue this climb and eventually reach $1, although the timeline remains a mixed projection. Cardano’s recent climb is fueled by a wave of liquidations, with $2.98 million in short positions being wiped out, from a total 24-h liquidation of $3.40 million. Additionally, the entire crypto market is riding the Bitcoin wave, as the king coin has reached a new ATH of $113,000 on Thursday. Furthermore, ADA has seen strong backing from institutional investors. With Donald Trump including ADA in its crypto reserve, chances are that the token may continue to pick up pace. If this buying momentum persists, Cardano may soon test its immediate resistance level near $0.70. Several crypto analysts are even speculating that it could retest the $1 mark by the end of Ju...