Cardano price expectation is neutral now with ADA mainly moving sideways between $0.3000 and $0.3285. The ADA/USD pair opened at $0.3070 on December 13 and later fell to $0.3061 with a high of $0.3075 and a low of $0.2994. ADA is up 0.49% in the last 24 hours and down more than 4% in the past week.
Cardano has no effect
Charles Hoskinson, co-founder and CEO of Input Output Global (IOG), the company behind Cardano, has said what would happen if regulators in the US saw the ADA as an effect.
During the December 11th AMA (Ask Me Anything) on YouTube, Hoskinson touched on one possible situation, saying that nothing about Cardano’s history, from its origins to the decentralized network it is today, seems like an effect.
Hoskinson added that if ADA was viewed as an asset, major cryptocurrencies such as Bitcoin and Ethereum also fall into this category.
ADA Over 4,440 smart contracts
Despite the current bear market, developers are keeping busy on Cardano’s network and the number of smart contracts is still increasing, the number has already increased by 340% this year. According to statistics from Cardano Blockchain Insights, there were 947 Plutus smart contracts at the beginning of the year, which has now increased to over 4,440.
After deploying around 100 smart contracts per month, Cardano reached the 3,000 smart contract milestone in August. Cardano’s technical team recently increased scripting capabilities, released the Plutus Debugger MVP (Minimum Viable Product), and added full Babbage support to the Plutus tool.
The recent increase in the number of Cardano smart contracts is mainly due to the network’s Vasil hard fork, a major update that came with several Cardano Improvement Proposals (CIPs) and greatly improved the network. The increasing number of Cardano smart contracts is a good sign for the price of ADA.
Federal Bank Interest
The Federal Bank of the United States will announce the size of the upcoming interest rate hike on December 14. After a series of 75 basis point hikes this year, the next rate hike is now expected to be less severe.
The chairman of the Federal Bank has indicated that the interest rate will be reduced in December, so the increase is expected to be less significant. After sharing CPI figures on December 13th, Chairman Jerome Powell will also announce the rate hike on December 14th.
These two factors both affect the traditional financial market and the cryptocurrency market. If interest rates increase by just 50 points, the crypto market can recover and ADA/USD can rise further.
Cardano Price Prediction – Daily Technical Levels
Support – Resistance
$0.3040 – $0.3129
$0.3006 – $0.3184
$0.2951 – $0.3218
Cardano Price Prediction
Cardano is mostly neutral right now, moving sideways between USD 0.300 and USD 0.3285. A bullish breakout could see it rise towards $0.3745, but a bearish breakout could see ADA fall below $0.2600.
The RSI, MACD and 50-day moving average all point to a selling trend for Cardano. The price itself currently remains neutral, investors are probably waiting for a breakout on one of the two sides.
While you await the outcome of the rate hike, here are 3 promising altcoins you can add to your portfolio and potentially capture big profits if the rate hike is less severe than expected.
This presale crypto tokens have a solid foundation, a good use case, a lot of interest from the market and an experienced team.
Dash 2 Trade (D2T)
Dash 2 Trade is perhaps the most important crypto project of 2022 as the team understands that cryptocurrency traders and investors desperately need the useful tools and features of the platform in the uncertain market. With Dash 2 Trade, traders and investors can make their choices in the market faster and better, so they can earn more and avoid scandals such as The FTX Crypto Exchange.
The presale of the native D2T token is in its final phase, despite the fact that the project has just started. With the D2T token, users can pay for the features of the platform and participate in community events and contests. The presale brought in about $9.6 million.
You can buy the D2T token for $0.0533 each in the final phase. Once the presale is over, the token will be added to LBank, BitMart and Changelly.
Visit the Dash 2 Trade Presale here
Robot Era (TARO)
RobotEra is a new sandbox metaverse where users can explore and rebuild the destroyed planet, Taro, with their robot avatar. They do this by buying NFT properties and increasing their value with buildings and other in-game objects. RobotEra’s network offers several opportunities to earn active and passive income.
Currently, the native token, TARO, is on presale for $0.020, but the first phase will end soon, pushing the price to $0.025 per token. token. The presale has already raised more than $540,000.
Visit the RobotEra Presale here
Calvaria is a game to earn card game that can be played completely without any cryptocurrency, in fact new players who sign up get free NFTs from Calvaria. The team at Calvaria hopes to accelerate Web3 and cryptocurrency adoption in this way by making it easier for investors. Many other crypto games are missing out on a large part of the market because the barrier to entry is too high for many people.
The first 4 phases of the pre-sale are quickly sold out, and the fifth and final phase is already 79% sold out. For 1 USDT you currently get 30.77 RIA, Calvaria’s native tokens. The presale has already raised about $2.4 million, which will total $3,075,000 at the end of the presale.
Visit the Calvaria Presale here