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

Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’
Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."

Under Political Pressure, Is the Federal Reserve Still Independent?
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.

Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...
Powell's reform blueprint not only looks bold and ambitious, but also directly targets many vulnerabilities of the Federal Reserve. Facing the upcoming Senate confirmation hearing, how will this Fed's presumptive new "helmsman" reshape the future of the world's largest central bank?

ZachXBT vs. RAVE: Is a “Clean” Market Really What Speculators Want?
While cleaning up manipulation, it may also involve cleaning up liquidity

Arbitrum Poses as Hacker, 'Steals' Back Money Lost by KelpDAO
Even though Arbitrum wielded the admin key, the battle is far from over.

Without Cook's Apple, Can it Still Grow in the AI Era?
The iPhone Remains at its Peak, But Apple is at a Turning Point

Saylor's Bitcoin Holdings Surpass BlackRock, How Does This "Bitcoin Financing Machine" STRC Work?
Funding Cap is not equal to Execution Path; whether Bitcoin can cooperate is the true variable.

What Is RWA? What Is RWA in Crypto (Complete 2026 Guide)
Wondering what is RWA in crypto? We explain what RWA is, break down RWA tokenization in simple no-jargon terms, and cover why it's 2026's hottest crypto narrative.

What Is the KelpDAO Attack? What It Means for Aave Users in 2026
KelpDAO suffered a $292M rsETH exploit on April 18, 2026, triggering Aave market freezes and $13B DeFi outflows. Here’s what happened, whether Aave is safe now, and what users should do next.

Is your gold really "within reach"? The geographical blind spots of custodial services behind tokenized gold
When "complete physical support" does not equal "truly desirable," the risks are just beginning to emerge.

Cook Passes the Baton, Anthropic Gears Up | Rewire News Morning Brief
In the window of AI reshaping the hardware landscape, Apple has chosen a Maker

Will the Fed Cut Interest Rates Again? Tonight's Data Is Key
Citi believes geopolitical turbulence is temporary and the rate cut trajectory remains unchanged. Meanwhile, Deutsche Bank warns that the policy has reached a neutral stance, with no interest rate cuts in the foreseeable future.

The person taking over Apple has to do something he has never done before
Software, AI, services—areas he never directly controlled in his 25-year Apple career

Why Are You Always Losing Money on Polymarket? Because You're Betting on News, While The Rulebook Favors Insiders
At Polymarket, most people who bet incorrectly are not wrong in their prediction but rather in not having read the rules carefully.

Not a Price Hike, but a Supply Shortage? Oil Price Has Crossed the Threshold
A $95 Per Barrel Price Is Far From Enough to Rebalance the Oil Market

a16z: 5 Ways Blockchain Helps AI Agent Infrastructure
Artificial intelligence makes scaling cost-effective, but it is difficult to establish trust. Cryptocurrency can rebuild trust on a large scale.

Morning News | The Hong Kong Securities and Futures Commission announced the regulatory framework for secondary market trading of tokenized investment products; Strategy increased its holdings by 34,164 bitcoins last week; KAIO completed a strategic fi...
Overview of Important Market Events on April 20

What Is an XRP Wallet? The Best Wallets to Store XRP (2026 Updated)
An XRP wallet lets you safely store, send, and receive XRP on the XRP Ledger. Learn what wallets support XRP and discover the best XRP wallets for beginners and long-term holders in 2026.
Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’
Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."
Under Political Pressure, Is the Federal Reserve Still Independent?
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.
Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...
Powell's reform blueprint not only looks bold and ambitious, but also directly targets many vulnerabilities of the Federal Reserve. Facing the upcoming Senate confirmation hearing, how will this Fed's presumptive new "helmsman" reshape the future of the world's largest central bank?
ZachXBT vs. RAVE: Is a “Clean” Market Really What Speculators Want?
While cleaning up manipulation, it may also involve cleaning up liquidity
Arbitrum Poses as Hacker, 'Steals' Back Money Lost by KelpDAO
Even though Arbitrum wielded the admin key, the battle is far from over.
Without Cook's Apple, Can it Still Grow in the AI Era?
The iPhone Remains at its Peak, But Apple is at a Turning Point
Popular coins
Latest Crypto News
Read more




