Cardano, like other cryptocurrency markets, has had a difficult time in recent weeks. However, the recovery now gives Cardano a chance at recovery. Will Cardano rise to $2.50?
The recovery occurred on January 14 after a difficult period for the entire cryptocurrency market. Majors such as Bitcoin and Ethereum succeeded in rising by more than 5%, and Cardano also succeeded in rising from $0.94 to $0.99.
Cardano price chart (7 days) – Source: CoinMarketCap
With the recent increase, Cardano’s weekly performance has now also entered the green zone. This, along with a significant increase in trading volume, now suggests further recovery is possible.
Will Cardano rise to $2.50?
When Cardano was able to rise above $1.20 in early December, there were already many rumors about a possible rebound towards $2.50. However, this increase was delayed after the overall cryptocurrency market had a difficult close at the end of 2024.
For Cardano, this also meant falling below $0.80. However, a new bounce has revived speculation about the $2.50 level.
Cardano price fell below $0.80 in December. – Source: CoinMarketCap
One platform that dares to make such predictions is CoinCodex. The platform believes that the Cardano price could rise to $1.98 within a month and $2.93 within three months.
A value of $2.93 represents an increase of over 193% over the current price value. This type of increase may be somewhat ambitious, but Cardano has the technical foundation to support it.
Cardano Price Prediction – Will Cardano Rise?
Cardano’s RSI is starting to rise, a sign that buying pressure is increasing again. Additionally, the recent rebound has pushed ADA price above all EMAs. As long as Cardano can maintain these positive valuations, we can continue to look higher.
En route to $2.50, Cardano must first deal with significant resistance at $1. Once Cardano is able to turn $1 into support, it could move higher towards $1.15. A potential rally towards $2.50 could only occur if ADA can rise above these resistance levels.
However, it appears that Cardano is not the only one that could see a good rise at the moment. Recently, several new cryptocurrency projects have appeared on the market that offer great potential due to their utility. Below we will discuss three promising cryptocurrency projects in more detail. All three of these projects are still in the pre-sale phase and could potentially earn good profits once listed on exchanges.
Wall Street Pepe (WEPE) – Giving ‘casual traders’ a chance to take on the big cryptocurrency whales.
A new cryptocurrency project has hit the market that aims to provide fair opportunities to ‘small traders’ with Wall Street Pepe. In the complex world of cryptocurrencies, it is the increasingly larger crypto whales and institutions that are making money. Wall Street Pepe hopes to turn users into the next generation of wealthy investors by providing them with valuable market insights and strategies.
https://twitter.com/WEPEToken/status/1863905080426058015
Wall Street Pepe is a combination of the viral Pepe coin and the Wolf of Wall Street. Pepe Coin is still one of the biggest meme coins in the world and projects based on this meme coin often generate good profits. The Wolf of Wall Street is known for its impressive market insights, and these insights and strategies are now being applied to the cryptocurrency market to achieve huge returns.
It is the native WEPE token that powers Wall Street Pepe’s platform. These tokens can now be purchased for a limited time with significant discounts during the pre-sale period. It’s a pre-sale that has made a quick impression, as it has already attracted nearly $50 million in investment. Take advantage of this opportunity to purchase WEPE tokens at a huge discount and gain an advantage over the whales in the cryptocurrency market.
Visit Wall Street Pepe Presale
Solaxy (SOLX) – Solving problems on the Solana blockchain.
Solana is currently known as one of the most used blockchains in the world. It is one of the only blockchains that can compete with the massive Ethereum. But with this rapid growth in scale, Solana now faces a number of challenges. Transaction failures are becoming increasingly common and their costs are rising rapidly. For this reason, Solaxy is now on the market.
https://twitter.com/SOLAXYTOKEN/status/1867318005660889427
Solaxy is a new cryptocurrency project that constitutes Solana’s first layer 2 blockchain. This project aims to solve all known issues with the Solana blockchain. In this way, we aim to provide high transaction speeds at low costs. The project also combines the liquidity of the Ethereum blockchain with the efficiency of Solana to provide users with more utility and possibilities.
Solaxy is currently in pre-sale phase with its native SOLX token. These tokens are currently being sold at a low price of $0.0016 each. Investors who sign up today can also begin staking SOLX tokens immediately. This way, they can make significant profits before the project even begins.
Visit Solaxy Presale
MIND of Pepe (MIND) – The new AI cryptocurrency impresses with its own AI agent.
Now, with AI taking on an increasingly important role in the cryptocurrency market, more and more cryptocurrency projects are launching to leverage AI. However, with MIND or Pepe, an AI cryptocurrency project has emerged that is taking AI technology to a whole new level within the cryptocurrency market. This project uses AI to solve some of the biggest pain points in the cryptocurrency market.
MIND of Pepe has developed its own AI agent to help users mine vast amounts of market information. This AI agent provides users with exclusive access to trends and early entry into valuable projects. This changes the way AI agents operate within the cryptocurrency environment.
MIND is the native utility token that powers the MIND or Pepe ecosystem. The project is now introducing a pre-sale to give early investors exclusive access to its AI agents. Additionally, early investors can benefit from high staking rewards and other exclusive opportunities. This pre-sale has already raised over $1 million, which is an important sign that people believe in the potential of this cryptocurrency.
Visit MIND or Pepe Presale.