• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
Cardano ADA

Analyst Predicts Cardano (ADA) Rise To $10 Amid Massive Network Activity

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Cardano
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cardano’s growth in the past two months has rolled over into the first 10 days of December. At the time of writing, Cardano is up by 48% since the beginning of the month. While the price has been on a steady increase, Cardano’s ecosystem has grown in adoption and on the backend of things.

In its latest Cardano weekly development report, the Cardano team detailed how developers are working on updates, while also showing an increase in project development on the ecosystem and token metrics. Considering the current state of its ecosystem, a recent prediction by crypto analyst Psyclops has noted Cardano (ADA) is ready to push to $10 in the next bull market. 

Analyst Psyclops Predicts Cardano Price Will Reach $10

Crypto analyst Psyclops noted in a social media post on X how Cardano’s ecosystem was far behind in the smart contract race in the last bull market, but ADA managed to spike to its current all-time high of $3.09 in September 2021. However, Cardano’s latest weekly report shows the blockchain has gone far in terms of the development and launching of smart contracts on the network. 

The report encapsulates how Cardano developers have been hard at work improving the network’s infrastructure and the blockchain network’s cumulative statistics to date. For instance, Cardano’s Plutus smart contract backend application has seen matured growth since its launch, with developers now working on an upgrade to its Marconi indexing. 

Also, developers recently performed the first-ever Conway benchmarks and implemented the initial version of Conway conformance testing for better performance on its blockchain ledgers.

In the metrics end of things, the report reveals that 152 projects have been launched on the blockchain network, and 1,307 more are still in development, reflecting an expanding ecosystem. Over 9.1 million native tokens are circulating within the ecosystem, and more than 79.7 million completed transactions.

Psyclops also noted the difference in Cardano’s ecosystem now, with the network now home to a massive DeFi, RealFi, and utility NFT ecosystem. Data from DeFiLlama shows Cardano’s TVL is now at $373.94 million, a +37.14% increase in a 7-day timeframe. This metric growth in addition to an increase in network activity points to a sustained price growth soon. 

Cardano ADA price chart from Tradingview.com

ADA price at $0.55 | Source: ADAUSD on Tradingview.com

According to Psyclops, Cardano’s recent price spike to the $0.50-0.60 level is not worth celebrating, as the market is not yet in a full-blown crypto bull run. His statement, which is based solely on fundamental analysis of the ecosystem, suggests ADA could trade at $10 very soon, a 1,697% increase from the current price of $0.5564. 

Last bull run Cardano completely bombed SCs. They were too late with no contracts ready to go. Not even a somewhat working DEX.

And $ADA made it to $3.

We’re not even in the next bull and we have a massive DeFi, RealFi and utility NFT ecosystem up and running. Celebrating and… pic.twitter.com/1AxIW2UlU2

— Psyclops (@psychADAlias) December 9, 2023

$10 seems like an ambitious target for ADA, but it resonates with a recent prediction by Changelly. ADA is currently down by 3.73% in the past 24 hours, although still up by 45.60% in a 30-day timeframe. However, crypto analyst Ali Martinez has warned about the emergence of sell signals on both the 3-day and 1-day chart timeframe.

Featured image from Coinpedia, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Cardano

Cardano Founder Publicly Declares ADA “The Best-Performing Asset Of All Time,” Here’s Why

3 hours ago
Cardano

Cardano Secures The Crown: Now The Most Decentralized Blockchain On Earth – Here’s How

23 hours ago
Cardano news Hoskinson Ethereum Buterin

Cardano Founder Slams ‘Drama’ Over Client Diversity Debate

2 days ago
Cardano news Charles Hoskinson

Cardano Founder: Leios To Deliver 65x Scaling Within 12–18 Months

3 days ago
Cardano News Leios

Cardano Hits Major Scaling Milestone: Leios CIP Goes Public

6 days ago
Cardano news

Cardano Foundation Fires Back After Hoskinson’s Explosive Criticism

1 week ago

Premium Sponsors

Press Releases

  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    50 minutes ago
  • miner

    7 Trending Crypto Mining Apps This Year That Give Free...

    3 hours ago
  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    4 hours ago
  • MemeCore...

    10 hours ago
  • XRP is expected to break through $7. APT Miner helps...

    17 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.