The post Is Cardano (ADA) The Best Bet Altcoin for the 2024 Crypto Bull Run appeared first on Coinpedia Fintech News
The crypto market is back, with Bitcoin priced at $50,000. Following the trend, Cardano (ADA) is also rising. The daily charts show 2.8% growth, the weekly charts 12.4%, and the monthly charts 2.3%. It’s up 52% since February 2023, and its trading volume is up 86.0% this week. Analysts expect Cardano (ADA) to surpass $0.700.
Since last week, ADA has broken through the 50-day Exponential Moving Average (EMA), a sign that it’s on a bullish streak. The current sentiment shows that investors are bullish about ADA’s potential to reach new highs, which is exciting news for anyone looking to invest for growth.
Expert Insight on Cardano Potential
A well-known veteran analyst, Gert van Lagen, recommends Cardano based on his analysis. He prefers ADA over coins like Solana and Ethereum because of its strong fundamentals. He believes ADA is more decentralized and doesn’t r
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