Cardano Price Prediction: 1 Billion ADA Traded in 24 Hours – Is $100 ADA Closer Than You Think?
By: crypto news|2025/05/02 23:45:01
0
Share
Amid shaky macroeconomic conditions, Cardano price forecasts are gaining strength as the altcoin sees renewed interest, with 996,010,000 tokens changing hands in early Thursday trading.A 6% daily close signals a potential reversal after a sluggish week that saw red in five of the past six sessions.As the US-China trade war begins to hit consumers and U.S. GDP contracts for the first time since Q1 2022, market momentum has broadly stalled as traders moved to offload positions.But with this renewed strength, Cardano could have a case for the “best crypto to buy” conversation—moving past the market shakeout. Upcoming Catalysts Bolster the ADA Price OutlookWith the Federal Reserve meeting set for May 6–7, anticipation is building that signs of economic contraction could prompt interest rate cuts later this year.While traders currently see little chance of a cut next week—93.2% expect no change, according to CME Group data—expectations for easing are growing for June.Such a policy shift could spark short-term growth and renewed market enthusiasm, adding fuel to bullish Cardano price forecasts.More so, Polymarket bettors are at their most confident yet, with odds hitting an all-time high of 71% in favor of a Cardano ETF approval in 2025. This untapped institutional demand could fuel Cardano’s price action, opening the door to broader exposure through traditional investment channels.Cardano Price Analysis: Is $100 ADA Close?While a $1000 Cardano is an unrealistic near-term target as economic concerns continue to weigh on risk-on sentiment, there is merit to the argument that ADA could see a surge. In the near term, the Cardano price faces a key barrier at the $0.70 resistance to advance a breakout of a 5-month symmetrical triangle pattern.ADA / USDT 3-day chart, symmetrical triangle pattern. Source: TradingView / Binance.A clean move above this level would bring the $0.75 resistance into focus—a likely retest point aligning with the upper bound of the channel.If the Cardano price can decisively clear this range, the rally that began in April could mark a wider trend reversal, extending another 100% toward $1.40. A credible scenario as momentum indicators continue to lean bullish. The MACD continues to widen its lead above the signal line, suggesting a long-term uptrend is taking shape.However, the RSI remains below the neutral 50 mark after a recent rejection—showing that while bullish momentum is building, sellers still haven’t been fully overpowered.A rejection from this point could see the Cardano price retrace 25% back to lower support at $0.53. Still, if momentum holds and the breakout confirms, the path toward a $100 ADA—though distant—could start to take shape sooner than many expect.This New ICO Could Push a Rival Chain AheadThose who turned to Cardano as a Layer-1 alternative to Solana may want to reconsider – Solaxy ($SOLX) has just addressed Solana’s biggest weakness: scalability.As any user would know, failed transactions are the platform’s biggest gripe. But that narrative could shift with the arrival of Solaxy, Solana’s first-ever Layer-2 scaling solution.By processing transactions off-chain and finalizing them on Solana, Solaxy significantly reduces congestion and lowers transaction costs, while offering seamless interoperability across both blockchains.With over $32.7 million in its ongoing presale, investors are already rallying behind the project. When demand for Solana increases, it could be the one to reap the fresh ecosystem liquidity.You can keep up with Solaxy on X and Telegram, or join the presale on the Solaxy website.The post Cardano Price Prediction: 1 Billion ADA Traded in 24 Hours – Is $100 ADA Closer Than You Think? appeared first on Cryptonews.
You may also like

10 Counterintuitive Insights on Latin American Payments
10 conclusions about payments that contradict mainstream beliefs: crypto cards rely on high-net-worth individuals rather than retail, QR codes are replacing cards, stablecoin profits are competing to go to zero, and Latin American regulation is actually 5 years ahead of the United States.

Perp DEX: The Next Generation Exchange "War"
This "war" has just begun.

The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide
This gamble of transforming into AI is testing the financial strength and execution capability of mining companies.

A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars
Great companies are forged before they become obvious.

Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya
This on-chain reinsurance platform absorbs stablecoins from DeFi, uses them as collateral to underwrite for American insurance companies, collects premiums, and returns the profits to on-chain depositors.

The impossible triangle is simply a pseudo problem
A long time ago, the cryptocurrency industry found its true purpose. But ironically, the path it built for this purpose excluded almost everyone who would actually use it.

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?
The cryptocurrency industry may gradually shift from the hype of native altcoins to real asset tokenization, on-chain machine economy, and a more mature industrialization phase.

Blockchain Capital Partner: The Core Secret of Arbitrage
On cold starts, breaking the circle, and the toughest hurdle for founders to overcome.

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?
Beyond the leverage crunch, what is even more concerning is the liquidity reserves of the Strategy.

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?
Bitcoin price prediction 2026: Can BTC hit $150,000 by year-end? Explore Fed policy, Kevin Warsh's stance, Bitcoin ETF flows, exchange data, and BTC market forecasts.

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?
Bitcoin ETFs lost $4.4 billion over 13 trading days, raising questions about market sentiment and Bitcoin's bottom. Here's what Standard Chartered is watching and how traders are managing idle stablecoin balances during uncertain markets.

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management
Discover WEEX App’s new trading tabs: Futures, TradFi, Copy Trade (users)/ Elite Trade (lead traders) on the same page. Solve messy navigation, find opportunities faster, and manage all trades in one place.

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever
Supercharged search is here! Discover WEEX’s upgraded Search features with hot events, new listings, live market sentiment, and one-click trading. Trade smarter, seize every opportunity.

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets
Overview of Important Market Events on June 17

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot
Federal Reserve Chairman Waller's debut featured a significant slimming statement, the cancellation of forward guidance, refusal to submit the dot plot, and the establishment of five working groups, vowing to uphold the 2% inflation target, which triggered a sharp decline in U.S. stocks and a surge ...

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance
"Coin-stock linkage" has evolved from the early stage of macro correlation and one-way penetration of emotional funds to the current 3.0 stage, where on-chain perpetual contracts provide extended trading hours and emotional signal value for traditional assets 24/7, and participate in Pre-IPO pricing...

Dalio's important long article: How to position in the current market environment?
Do not confuse the excitement for new technologies with whether those tech stocks are attractive.

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun
OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but ra...
10 Counterintuitive Insights on Latin American Payments
10 conclusions about payments that contradict mainstream beliefs: crypto cards rely on high-net-worth individuals rather than retail, QR codes are replacing cards, stablecoin profits are competing to go to zero, and Latin American regulation is actually 5 years ahead of the United States.
Perp DEX: The Next Generation Exchange "War"
This "war" has just begun.
The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide
This gamble of transforming into AI is testing the financial strength and execution capability of mining companies.
A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars
Great companies are forged before they become obvious.
Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya
This on-chain reinsurance platform absorbs stablecoins from DeFi, uses them as collateral to underwrite for American insurance companies, collects premiums, and returns the profits to on-chain depositors.
The impossible triangle is simply a pseudo problem
A long time ago, the cryptocurrency industry found its true purpose. But ironically, the path it built for this purpose excluded almost everyone who would actually use it.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

