Cardano (ADA) price analysis for March

Cardano (ADA) price analysis for March
фото показано с : invezz.com

2021-3-1 02:00

Cardano (ADA) price gained almost 280% in February to become the world’s third largest cryptocurrency. 

Fundamental analysis: Crypto fund to invest in ADA

Cryptocurrency investment fund FD7 Ventures said it will sell $750 million worth of Bitcoin in the next 30 days to invest in Cardano (ADA) and Polkadot (DOT). FD7 said the Bitcoin sell-off and move towards ADA and DOT represents a response to investors’ needs who want to diversify their portfolios.

“Aside from the fact that Bitcoin was first to market and society has given it meaning as a store of value, I think Bitcoin is actually pretty useless,” said Prakash Chand, Managing Director at FD7 Ventures. 

“Projects such as Cardano, Polkadot and Ethereum are the foundation of the new internet and Web 3.0.”

Founders of Cardano and Polkadot, Charles Hoskinson, and Gavin Wood are among the most clever people working in the crypto industry. Hoskinson and Wood were also two of the seven co-founders of Ethereum. 

Both are now the leaders of crypto projects which are considered to have a potential to make a massive impact on the future of crypto. 

Cardano is developing a blockchain tool to suit the needs of millions of unbanked people in Africa while Polkadot is working on an ecosystem of projects that provide a completely decentralized platform for Web3.

“I’ve been lucky enough to spend lots time with the brightest minds in crypto and I’m willing to bet that each of Ethereum, Cardano and Polkadot will be more valuable than Bitcoin within the next few years,” added Chand.

Technical analysis: Where to buy ADA?

Cardano price closed about 280% higher in February after it had gained 90% in January. Yesterday, the price action hit a fresh record high of $1.485. Today’s pullback ended at the first level of support near $1.20.

Cardano (ADA) daily chart

It is likely that, despite a bounce that has taken place after the pullback, the price action may continue to contract. In this case, a major buying zone is located around the $1.00 handle to offer a new chance for Cardano buyers to get on the long side. 

Summary

FD7 Ventures announced its plan to offload $750 million of its Bitcoin holdings in the next 30 days to buy Cardano (ADA) and Polkadot (DOT). Separately, ADA price hit a new all-time high near $1.50.

The post Cardano (ADA) price analysis for March appeared first on Invezz.

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Cardano (ADA) на Currencies.ru

$ 0.6687 (-0.17%)
Объем 24H $785.882m
Изменеия 24h: 1.65 %, 7d: -9.74 %
Cегодня L: $0.656 - H: $0.6743
Капитализация $23.583b Rank 9
Цена в час новости $ 1.2623 (-47.03%)

ada cardano cryptocurrency fund analysis price invest

Источник: invezz.com

ada cardano → Результатов: 126


Cardano Sees Record-High Positive Sentiment After SEC Announcement – 5 Reasons ADA Is a Good Buy

Cardano (ADA) has experienced a significant surge in positive sentiment across social media platforms following recent regulatory developments. According to Santiment, the cryptocurrency’s community has driven bullishness to its highest level in over four months, largely influenced by the SEC’s recognition of ADA’s use case for “smart contracts for government services.

2025-3-19 12:30


Cardano’s Plomin Hard Fork: A Catalyst for ADA Growth Amidst Market Volatility?

As it moves through a dynamic crypto market and recent watershed moments become crystallized, Cardano (ADA) finds itself more and more at a point of potentially great significance. In this transitional moment, it has introduced decentralized governance, and what that really means is that ADA holders now have the power to effectively vote on major [...]

2025-1-29 22:10


Фото:

Legendary Trader Peter Brandt Says Cardano Setting Up For Monster Bull Rally After Forming Bottom

Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, recently lept back above the $1 threshold – indicating robust buying momentum. Like other major cryptocurrencies, ADA has enjoyed the latest Trump-spurred upsurge, largely due to its parent company, Input Output Global (IOG) being a U.

2025-1-20 16:52


Прогноз Cardano: поднимется ли ADA до $1,50 или упадет к $0,70?

Cardano (ADA) демонстрирует рекордный рост за последние 15 месяцев. Скачок цены начался 4 ноября и совпал с переизбранием Дональда Трампа. Это укрепило оптимизм инвесторов. На недельном графике криптовалюта продолжает формировать более высокие максимумы и минимумы.

2024-12-30 17:28


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