Cardano Price Predictions Surge as Founder Charles Hoskinson Settles Differences with XRP Community Amid SEC Crypto Crackdown – Has ADA Bottomed?


In light of the SEC’s crypto crackdown and the ongoing turmoil in the cryptocurrency market, Cardano (ADA) has caught the attention of investors. With its founder, Charles Hoskinson, making an effort to bridge the gap with the XRP community, the question arises: has ADA already hit its bottom? In this Cardano price prediction, we will take a look at recent events, market trends and technical indicators to better understand the potential support levels of ADA and gain insights into its future price movements.

Charles Hoskinson Appears to Settle Differences with XRP Community Amid SEC Crypto Crackdown

The founder of Cardano, Charles Hoskinson, recently signaled his willingness to reconcile with the XRP community after facing much criticism from them. In October 2022, he revealed that he had been subjected to abuse and bullying by some members of the XRP community, and in response, committed to mending the relationship. He shared a tweet on his official Twitter handle to show his effort in fostering unity within the community, particularly in light of the SEC’s declaration of Cardano (ADA) as a security.

Some members of the XRP community responded positively to the peace initiative, recognizing that failure to unite now could lead to more significant issues for the entire cryptocurrency sector in the future. Hoskinson’s gesture of reconciliation is expected to contribute to navigating the current challenges faced by the cryptocurrency industry.

Cardano Price Prediction

The current price of Cardano (ADA) is $0.26812, and it has experienced a 6% increase in the past 24 hours. With a 24-hour trading volume of $595 million, Cardano holds the #7 position on CoinMarketCap. The live market capitalization of Cardano stands at $9.3 billion, with a circulating supply of 34,903,977,012 ADA coins and a maximum supply of 45,000,000,000 ADA coins.

On the technical side, the ADA/USD pair is currently displaying a strong bearish trend. It recently broke below a key support level at $0.2779, signaling the further potential for selling pressure. The next significant support level to watch for is at $0.2424, where a double bottom pattern is forming on the 4-hour timeframe. This pattern suggests a potential reversal in price direction.

Alternative Options to Explore Beyond Dogecoin: Ecoterra and WSM

WSM and Ecoterra have recently gained much attention from investors, achieving impressive performance during their presales. Ecoterra has raised $5 million as of June 11, with a listing price of $0.01, offering rewarding and staking options to promote waste recycling while allowing users to earn tokens. On the other hand, WSM has raised over $6.1 million, with the listing price set at $0.028. Both coins have captured the attention of investors and are expected to sell out quickly.

In conclusion, we can see that Cardano and its founder, Charles Hoskinson, are making progress to restore peace with the XRP community. On the technical side, ADA shows a strong bearish trend and is expected to reach the next significant support level at $0.2424. Meanwhile, Ecoterra and WSM have gained much success and popularity during their presales, presenting investors with alternative options to explore.

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