Cardano Price Prediction – Is ADA Preparing For a 45% Rally This Week?
Cardano (ADA) price predictions have been mostly positive lately, as the token started seeing an encouraging increase in value over the past several days after a month-and-a-half-long, continuous price drop. Cardano seemingly hit bottom last Friday, October 21st, when it sank to $0.33. Since then, its price has been on the rise throughout the weekend, and things did not change much on Monday, October 24th.
Apart from short-term fluctuations, the price has been seeing steady growth for the last three days, currently sitting at $0.36, or 3.10% higher than 24 hours ago. However, there are indications that ADA could see a massive 45% rally as the week progresses due to a recent announcement by Cardano’s Charles Hoskinson, who hinted at “something big” coming in November.
Sam Bankman-Fried, the CEO of one of the largest global crypto exchanges, FTX, recently responded to a tweet that said that FTX won’t list ADA because they view Cardano as a “threat to everything they want to control.” Bankman-Fried decided to handle the matter personally responding that this is “definitely not the case,” and adding that ADA is already listed on the exchange internationally.
Furthermore, he added that adding spot ADA is on the platform’s roadmap, as well. The revelation was posted yesterday, and it seemingly gave a boost to Cardano’s price which started seeing a small correction at the time.
For the time being, FTX currently offers perpetual futures tied to Cardano, and they are, as its CEO noted, available to international users. And, while Cardano is the only coin of the exchange’s top 25 listed currencies without a spot listing, this will reportedly change soon.
In the past 12 months, Cardano has seen a great amount of growth as a network.
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