TL;DR
Cardano’s ADA experienced an 11% drop recently, but analysts like Captain Faibik see potential for a rally, predicting a rise towards $0.80 by the end of January.
ADA’s on-chain trading volume has been on the rise, suggesting increased interest that could lead to a potential uptrend in its value.
External factors, including the possibility of a US Bitcoin ETF approval and the upcoming Bitcoin halving, might positively influence ADA’s price, with some analysts forecasting a significant rise.
Is Cardano (ADA) Poised for a Rally This Month?
The cryptocurrency market experienced a severe correction today (January 3), with numerous assets plunging by double digits. One of the most affected ones was Cardano’s ADA, which is down 11% in the past 24 hours (per CoinGecko’s data).
Whether or not this is a temporary correction or a more lasting downturn, there are multiple optimistic forecasts from many experts. The X (Twitter) user Captain Faibik recently presented a chart in whi
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