As the focus of the investors and whales in the crypto market is shifting to utility-based projects, it’s no wonder why the Cardano (ADA) whale that was part of its ICO is now pointing to one such token. He says that the $0.08 AI altcoin is severely undervalued by the market. Read on to find out what’s in store for the Cardano price, where these predictions come from and why this altcoins presale could rise several thousands of percent after the imminent market listing.
What’s Ahead For Cardano’s Price
According to CoinMarketCap, the Cardano price is currently sitting at $0.70, which is a long way from its yearly high of $1.16, which it reached earlier in January. This is a dramatic tumble of more than 30 percent that has spooked retail and institutional investors alike. Furthermore, its market cap has declined, and its daily trading volume by 50%. To add to the insult, according to many analyses, ADA’s sentiment seems to be bullish, raising even more questions.
A reasonable mix of macro environment factors, market-wide setbacks, and changes in general market sentiment has dragged the Cardano price down. Analysts caution that if Cardano’s price slips below $0.60, ADA could be in for massive liquidations. Furthermore, the path of Cardano price is worth noting. In 2021, those who bought ADA in early 2020 at below $0.10 prices bore huge life-changing gains. However, replicating such returns as ADA approaches critical support levels seems slim.
Based on its roadmap and progress in smart contracts, Cardano is a great asset for the long term but provides little in the short term. The recovery of the Cardano price could take months, maybe even years. The uncertainty has made many investors contemplate newer, more dynamic opportunities. Furthermore, the whale that was part of the ADA ICO has now moved on to this viral AI altcoin.
IntelMarkets (INTL): The AI Altcoin That Is Underpriced According to Top Cardano Whale
Unlike Cardano, which has already experienced multiple market cycles, IntelMarkets (INTL) is still in its early stages. This gives IntelMarkets a significant advantage when it comes to potential price appreciation. INTL is an AI-powered trading platform that aims to revolutionize the global crypto trading market by integrating artificial intelligence, decentralized finance (DeFi), and blockchain technology. Its platform allows traders to leverage AI-driven strategies, automate transactions, and
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Author: Crypto Daily
