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  • ADA price forecast: Cardano proposes a 70 million budget for key upgrades

    ADA price forecast: Cardano proposes a 70 million budget for key upgrades

    ADA price action

    • Core organizations have submitted a 70 million ADA tokens budget proposal.
    • The goal is to fund key ecosystem integrations ahead of 2026
    • ADA remains poised for remarkable breakouts despite short-term bearishness.

    Cardano’s major organization has proposed a new budget, calling for 70 million ADA tokens in Treasury funding to supercharge delayed ecosystem upgrades and integration.

    Announced yesterday, November 27, the proposal outlines a strategic plan to introduce innovative infrastructure needed for institutional access, cross-chain connectivity, and stablecoins.

    Named the Cardano Critical Integrations Budget, the plan received endorsement from key ecosystem organizations, including the Cardano Foundations, EMURGO, Input Output, the Midnight Foundation, and Intersect.

    That reflects a unified approach to equip the ADA network with what it needs to thrive in the coming times.

    The official blog highlighted:

    Cardano needs a set of core infrastructure layers to unlock stablecoins, attract deeper liquidity, support institutional participation, and expand the possibilities for DeFi, RWAs, and DePIN. These integrations cannot be delivered in isolation. They require a shared, ecosystem-wide commitment that brings the right partners to Cardano in a structured and accountable way.

    Trader attention remains on the ADA price amidst these developments. Are the coordinated efforts the catalyst that propels this altcoin to its predicted peaks?

    Why is this budget crucial?

    Cardano’s team is among the most active in the blockchain sector. Meanwhile, the project’s next growth phase now relies on mission or partially developed components.

    They include functionalities like enterprise-level custody and wallets, pricing oracles, advanced stablecoin infrastructure, and cross-chain bridges.

    The Cardano blockchain has struggled to unlock crucial utility without these elements.

    For instance, stablecoins are essential for DeFi liquidity and day-to-day on-chain transactions.

    Cross-chain support allows users to move tokens across the platform easily.

    Moreover, institutional-grade analytics and custody are crucial for risk management and compliant offerings.

    Indeed, Cardano’s long-term potential requires coordinated efforts to unleash.

    Therefore, core organizations have been negotiating with top-notch integration partners recently, and their conversations have reached a mature phase, inviting the community to participate in the next steps.

    ADA price outlook

    Cardano is trading at $0.4311 after gaining more than 6% the last seven days.

    The token remained relatively muted the past day, losing a mere 0.08% of its value.

    Meanwhile, the 20% slump in 24-hour trading volume signals prevailing selling pressure.

    Robust developer activity, especially with the 70 million ADA budget approved, and broad-based recoveries could trigger massive breakouts for ADA.

    However, buyers should overcome key resistance at $0.45 and $0.70 and reclaim the psychological level at $1 to shift Cardano’s short-term outlook to bullish.

    Surpassing $1.50 would confirm solid reversals and clear the path for higher targets.

    ADA can skyrocket to $2 and extend toward $2.20. That would mean a more than 400% rally from the current market price.

    On the other hand, continued selling pressure could trigger a roughly 40% decline to the support barrier at $0.25.

    A breakdown here would erase all bullish momentum and drag ADA prices to the historical foothold at around $0.18.

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  • Cardano (ADA) eyes $0.89 breakout as Bitcoin steals the spotlight

    Cardano (ADA) eyes $0.89 breakout as Bitcoin steals the spotlight

    Cardano (ADA) eyes $0.89 breakout

    • Whales have accumulated 70M ADA as retail traders stay cautious.
    • Cardano (ADA) faces key breakout resistance near the $0.89 level.
    • Bitcoin’s dominance limits altcoin momentum and ADA’s recovery.

    Cardano’s price has been caught in a tug-of-war as the broader crypto market rallies behind Bitcoin’s surge to record highs.

    While Cardano (ADA) remains more than 70% below its all-time peak, signs of accumulation by large holders suggest that the token could be preparing for a decisive move, with $0.89 emerging as the key breakout level.

    However, retail hesitation and shifting market sentiment continue to weigh on its momentum, leaving traders watching closely for confirmation of the next trend.

    Bitcoin dominance leaves Cardano lagging

    Bitcoin’s climb to $125,000 has reshaped the market landscape, pulling liquidity from altcoins into BTC and exchange-traded funds.

    The Bitcoin Dominance Index has risen to 58.3%, reflecting a clear rotation of capital that has left many altcoins struggling to keep up.

    Bitcoin Dominance
    Source: CoinMarketCap

    Cardano has not been spared, underperforming the wider market and slipping by 0.5% over the past 24 hours to trade at $0.854.

    Cardano’s trading volumes have fallen by 13% to $1.13 billion, signalling a dip in immediate demand even as technical patterns show a buildup of pressure beneath the surface.

    Whales accumulating ADA as retail hesitates

    Beneath the quiet price action, large Cardano holders have been steadily adding to their positions.

    Wallets holding between 10 million and 1 billion ADA have collectively absorbed an additional 70 million tokens in recent days, worth close to $59 million at current prices.

    Cardano (ADA) whale accumulation
    Source: Santiment

    The Chaikin Money Flow (CMF), a measure of capital inflows, has turned positive at 0.12, reinforcing the view that larger players are preparing for a potential upside move.

    However, the enthusiasm of retail traders has not matched this activity.

    The Money Flow Index has been trending lower, pointing to weaker conviction among smaller investors.

    This divergence between whale accumulation and retail caution has kept ADA coiled inside a symmetrical triangle, delaying a sharper breakout even as broader conditions tilt in favour of accumulation.

    ADA price analysis

    From a technical standpoint, ADA faces layered resistance that could determine whether the token manages to escape its consolidation range.

    The immediate barrier lies at $0.855, where the 50-day simple moving average converges with the 50% Fibonacci retracement level.

    A stronger resistance zone sits between $0.86 and $0.89, the latter acting as the critical breakout level that traders are monitoring.

    A daily close above $0.89 would confirm bullish momentum and open a path toward $0.93 and $0.95.

    On the other hand, Cardano’s price has tested $0.832, a zone tied to the 61.8% Fibonacci retracement, which now serves as a short-term floor.

    A deeper dip below $0.78 would invalidate the bullish setup and confirm a bearish turn, leaving the triangle structure broken.

    But until then, ADA remains in a delicate balance between buyer accumulation and market hesitation.

    Cardano price outlook sparks optimism

    Despite its struggles, some analysts believe Cardano is primed for a resurgence reminiscent of past breakout runs seen in other major assets.

    Market analyst Timofei argues that ADA mirrors the conditions that allowed XRP to surge in 2024 and Solana to rebound dramatically in 2023.

    Notably, XRP posted a 239% rally last year, while Solana’s comeback from the depths of the FTX collapse saw a 919% increase.

    Timofei notes that ADA has been consolidating inside an expanding symmetrical triangle since early 2023.

    The analyst notes that after a rejection near $1.32 in December, Cardano (ADA) has moved closer to the midpoint of the structure.

    Timofei expects a retest of the lower trendline, which could mark the final bottom before a significant rebound.

    His analysis points to a potential breakout that could send ADA back toward the $3 region, a 254% gain from current prices.

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  • Polkadot (DOT) gains 43%; Cardano (ADA) and InQubeta (QUBE) look promising

    Polkadot (DOT) gains 43%; Cardano (ADA) and InQubeta (QUBE) look promising

    Some are calling Polkadot (DOT) the best cryptocurrency to invest in right now after 43% gains last month. The project’s developers recently revealed plans to work with the Cardano (ADA) project to build a partner chain using Substrate, Polkadot’s SDK base.

    ADA has also enjoyed substantial growth lately with prices increasing by 55%. 

    Meanwhile, InQubeta (QUBE) is also being touted as the best cryptocurrency ICO to invest in as its presale sells over $7.1 million worth of tokens. The presale still has four more stages to go, yet early investors have already made 175% returns. 

    InQubeta (QUBE) creates an alternative way to invest in AI

    Going by the success of its presale so far, InQubeta has positioned itself as one of the best DeFi projects launched this year. Its success can be attributed to the fact that it looks to create an alternative way to invest in artificial intelligence (AI) giving investors who do not meet the income requirements of many traditional investment mediums an alternative way to partner with AI firms and earn profits as they grow. 

    InQubeta’s position as the first cryptocurrency decentralized finance project to focus on making AI investment more accessible positions it to enjoy exponential growth as over $1.5 trillion pours into the AI industry in the next several years. 

    Investing in AI today is like investing in companies like Netflix and Amazon during the early days of the internet revolution. Those who had the foresight to predict the tremendous impact these companies would have and invested appropriately have earned exponential returns. 

    The AI revolution is on course to reshape the world and it will create opportunities for investors to earn considerable returns. Investing in AI also provides some security against the uncertainties the technology will bring. You might end up losing your job to AI, but you won’t care because you’ve made life-changing profits by investing in AI. 

    How decentralized investing works on the InQubeta network

    InQubeta’s blockchain is deployed on the Ethereum (ETH) network, giving it the same security, transparency, and functionality. This allows for the creation of an investment ecosystem that swaps stocks with ERC20 coins. 

    These non-fungible tokens (NFTs) are made by startups looking to secure capital and are sold on the ecosystem’s marketplace. Investors can learn about the different items on the ERC20 token list on the marketplace and QUBE is used for all purchases. 

    Investors can hold on to their tokens as their value increases or they can resell them on the NFT marketplace at any time. 

    Polkadot (DOT) expected to enjoy considerable growth in 2024

    DOT prices have risen 29% in the past month, but it hasn’t enjoyed as much growth as many projects have since BTC went on its bull run. However, Polkadot’s utility positions the project for substantial growth in 2024 and beyond. 

    The project hosts a multichain-sharded protocol that connects specialized blockchains and allows for the transfer of data and assets. Its protocol was designed to help facilitate the foundation for a decentralized internet of blockchains. 

    Cardano (ADA) up 120% in 2023

    ADA price has struggled for most of 2023, hovering around the $0.25 mark, but prices have surged considerably in the past three months. The Cardano project is once again getting lots of attention from investors and that could push prices towards highs set in 2021. It wouldn’t be surprising if ADA prices surge as much as 4x in 2024.

    Conclusion

    QUBE, ADA, and DOT are among the top altcoins to buy as 2024 draws near. InQubeta leads the trio as far as their growth potential is concerned with some projections expecting 100x gains in 2024.

    For more about InQubeta and its ongoing presale, visit the InQubeta Presale website or join the InQubeta communities.

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  • Ferrari adds BTC, ETH, XRP to payment options; ADA, DOGE & QUBE ready for a jump

    Ferrari adds BTC, ETH, XRP to payment options; ADA, DOGE & QUBE ready for a jump

    The high-octane world of luxury cars has always been a hotbed for innovation, not just in design and performance, but also in the realm of customer experience and payment methods. On October 14, Ferrari, the iconic luxury carmaker, took a leap into the future by accepting crypto payments. 

    As we witness the impact of this move, there’s a new ICO in the crypto arena that’s been steadily garnering attention and redefining how we invest in AI technology startups – InQubeta ($QUBE).

    InQubeta ($QUBE) – a gateway to AI investments

    In a world increasingly driven by Artificial Intelligence, startups are often at the intersection of breakthrough innovations and immense growth potential. However, channelling investments into these ventures has been a challenge that often deterred potential investors. InQubeta is on a mission to revolutionize this space.

    Providing a robust platform for fractional investment in AI startups, InQubeta introduces QUBE tokens as the bridge connecting potential investors with promising startups. These startups, in their quest for funds, create some of the coolest NFTs representing either rewards or equity. These NFTs are then available for purchase by investors using QUBE tokens, creating a symbiotic relationship where startups acquire necessary capital, and investors enjoy the returns and benefits based on their NFT holdings.

    More than just another crypto to buy, QUBE is also a deflationary ERC20 coin, with an in-built burn mechanism. Moreover, as a governance token, QUBE is not just a passive investment. It grants its holders the power to shape the platform’s future, making decisions, proposing changes, and voting on pivotal aspects of InQubeta’s journey.

    Ensuring security and trust, InQubeta has received a positive audit from Hacken and a KYC verification from BlockAudit. With an ongoing presale that has already raked in over $3.7 million, the platform’s roadmap hints at a future filled with expansion; one that will make QUBE the best crypto investment of this decade.

    You can now buy a Ferrari with Crypto

    As reported by Reuters on Oct. 14, Ferrari has now opened the gates for its clientele to purchase luxury cars using the best cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Partnering with BitPay as its payment processor, this iconic brand ensures a seamless transaction experience for its customers. 

    Regardless of whether a client chooses to pay with traditional currency or cryptocurrency, there will be no difference in prices, fees, or surcharges. While the offering currently caters to U.S. customers, Ferrari also has its eyes set on the European market.

    The rising tide: ADA, DOGE & QUBE

    With the increasing integration of cryptocurrencies in mainstream industries, top altcoins like ADA Cardano (ADA), Dogecoin (DOGE), and InQubeta (QUBE ) are poised for significant market movements. As businesses and consumers alike become more crypto-savvy, these tokens, backed by robust projects and utilities, are likely to see a surge in demand and valuation.

    Cryptocurrencies are no longer the outliers; they’re rapidly becoming the norm. As we stand at this juncture, it’s not just about the cars we drive or the tokens we invest in; it’s about the future we’re collectively crafting. Pioneering platforms like InQubeta highlight the evolving narrative of the modern financial landscape. 

    To take part in the InQubeta project you can visit InQubeta Presale and join The InQubeta Communities.

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  • Shiba Inu lags behind while ETH, BTC, ADA take front stage on Binance

    Shiba Inu lags behind while ETH, BTC, ADA take front stage on Binance

    Over the last couple of months, the prominent meme coin Shiba Inu ($SHIB) was seen dominating the entire crypto industry. However, the fervor around this community-driven project seemed to be simmering down. Despite the launch of its recent collectible card game, the altcoin barely garnered any gains. It seems like Binance users weren’t too curious about the meme coin either, as it failed to bag a spot on its top 10 trending search list.

    As per recent data curated by Crypto Differ, Shiba Inu stood in the 14th spot on Binance’s trending searches. This was quite surprising to many considering the usual zeal around the network.

    Source

    In the above chart, Binance Coin ($BNB) emerged as the most popular asset on the exchange. The world’s second-largest crypto, Ethereum ($ETH), stood second on this chart as well. This is mostly due to the increased liquidations that occurred throughout the day. It should be noted that a whopping $4.95 million in ETH liquidations took place over the last four hours.

    Bitcoin, the world’s largest cryptocurrency by market capitalization, was ranked third, followed by Cardano ($ADA) and Solana ($SOL).

    Other popular tokens like Luna Classic ($LUNC) and fundamental meme crypto Dogecoin ($DOGE), were also a part of the list.

    Shiba Inu gains pocketed over the last couple of hours

    While Shiba Inu’s popularity took a back seat, the asset’s price wasn’t faring too well either. At press time, most crypto assets were seen pocketing significant gains. Shiba Inu, however, limited its 24-hour price surge to 4.60%.

    At press time, Shiba Inu was trading for $0.00001042. Earlier today, the altcoin managed to surge to a high of $0.0000107 from a low of $0.00001001.

    Source

    It should be noted that the asset’s latest surge pulled SHIB out of its weekly stagnancy. Despite this, Shiba Inu continues to trade about 88% below its all-time high of $0.00008845, which it achieved exactly a year ago.



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  • Shiba Inu (SHIB) and Cardano (ADA) Staring at Bottomless Pit After Snowfall Protocol (SNW) Debut? – CryptoMode

    Shiba Inu (SHIB) and Cardano (ADA) Staring at Bottomless Pit After Snowfall Protocol (SNW) Debut? – CryptoMode

    The crypto market is rife with speculations. That’s true. However, coincidences are a rare thing. Every rumor and every development triggers frantic buying and selling of assets. So, when one token loses and the other gains, there’s a good chance that the behaviors are closely related. Such conjectures get validated with more evidence of tangled behavior. Consider the case of Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cardano (ADA). Snowfall Protocol (SNW) has consistently claimed new highs with each passing week since its launch. And coinciding with this launch, Shiba Inu (SHIB) and Cardano (ADA) appear to be seeking a bottomless pit.

    >>BUY TOKENS<<

    Shiba Inu’s Unstoppable Slump

    On a micro level, things are going great for Shiba Inu. Shiba Inu’s card game, Shiba Eternity hit a new milestone in customer rating as it reached 5 stars from its previous 4.9 stars. Additionally, Shiba Inu will soon be accepted by Google Cloud as payment for its cloud services. None of these developments have managed to turn what increasingly looks like a nosedive in Shiba Inu’s price. Why?

    Also Read: BlueZilla Launches LUNCHBOX – Decentralized Prediction Platform for $LUNC Burning

    The answer to this question can be found in a newcomer to the De-Fi industry, Snowfall Protocol (SNW). Snowfall Protocol (SNW) is a cross-chain bridge that connects several cryptos, NFT platforms, NFT marketplaces, and other blockchains. Unlike other cross-chain bridges in the market, Snowfall Protocol (SNW) is connecting new cryptos and NFT platforms to its bridge at an accelerated pace. This does not bode well for Shiba Inu, which is a meme coin, and a copycat of Dogecoin, another meme coin. Users and developers can quickly drop Shiba Inu in favor of dozens of other copycats that offer precisely the same features as Shiba Inu and more – faster transactions, lower fees, more security, and so on.

    Snowfall Protocol’s (SNW) arrival has triggered a migration of users from Shiba Inu, and no good news appears to stop it.

    Cardano’s (ADA) Burgeoning Weakness

    Cardano (ADA) has attracted thousands of developers to its platform in recent weeks. However, the claims by Cardano’s founders regarding its adoption remain questionable. A few months ago, Cardano had a total value locked (TVL) of a mere $63, which is abysmal for a $12 billion market cap cryptocurrency. That proves that most of Cardano’s users are small-time retail investors. Cardano has received no love from institutions and developers.

    Unlike larger coins like Ethereum, Cardano does not have a sizeable thriving ecosystem of developers. On the other hand, it does not offer hard-to-replace utility to any niche groups on Metaverse. So, Cardano is neither here nor there. Against this background came Snowfall Protocol (SNW). Snowfall Protocol (SNW) makes it possible for users to buy NFTs on Cardano and use them on Decentraland or Sandbox, or any of the numbers NFT-supporting platforms really.

    WithSnowfall Protocol (SNW), users can buy cryptos or NFTs on one platform and hold or use them on another. So, why should developers or users stick to any one platform? NFT developers can benefit greatly from moving to a platform that costs them the least in transaction fees and development. Or, they can move to platforms where their users actually use their NFTs – any of the game-Fi platforms.

    Snowfall Protocol (SNW) is challenging the dominance of cryptos like Cardano by making even the latter’s smallest competitors their biggest challenges.

    Website: https://snowfallprotocol.io

    Telegram: https://t.me/snowfallcoin

    Presale: https://presale.snowfallprotocol.io

    Twitter: https://twitter.com/snowfallcoin

    Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

    CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.
    Contact us if you have any questions: [email protected]
    None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.



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