ADA Price Prediction - Is Cardano Heading Back to $0.40 Today?

ADA Price Prediction – Is Cardano Heading Back to $0.40 Today?

Updated: 30 November 2022

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Cardano’s ADA token has followed the positive movement of the broader crypto market, which is up 2.04%. At press time, the digital asset trades at $0.3142, an uptrend of 1.69% in the past 24 hours. Will ADA make its way back to $0.40 today?

ADA Price Action

ADA’s increased price has led to some improved technicals. The crypto asset trades above all its major moving average (MA) indicators, ranging from the 10-day MA of $0.3140 to the 200-day MA of $0.2980.

ADA is giving off a buy signal with a positive moving average convergence divergence (MACD). The asset’s relative strength index (RSI) of 53.03 also shows that the asset isn’t overbought yet.

ADA To Twitter Links Spark Rumors

ADA appears to have gotten a recent jolt thanks to a possible link between the Cardano Foundation and Twitter. In a Web Summit event earlier this month, Charles Hoskinson, the head of the Cardano Foundation, predicted that crypto would play a role in Twitter’s future under billionaire Elon Musk.

As Hoskinson explained, Twitter could integrate crypto going forward. The crypto boss pointed out that Musk is already a known Dogecoin (DOGE) fan. However, he cast doubt on the meme coin’s infrastructural capability to hold Twitter’s 200 million plus user base.

Hoskinson also added that it would be “fun” to make Dogecoin a sidechain of the Cardano blockchain or at least build a bridge between both projects in order to help bolster DOGE’s scalability.

Although Hoskinson didn’t claim to have any inside knowledge, it would be interesting to see how crypto will bolster Twitter going forward.

TARO Offers Perfect Gains

While investors continue to look for gains in ADA, one digital asset that is a surefire hit at the moment is TARO. The digital asset is one of the most promising coins in the metaverse space and already has a massive following among investors.

TARO powers RobotEra, a metaverse-based game that transports players to Taro, a planet recently destroyed by an apocalyptic event. In RobotEra, the mission is simple, partake in rebuilding the universe and earn tokens.

In this game, players will be able to choose avatars, purchase land and properties represented as non fungible tokens (NFTs), while earning profit.

Build the biggest NFT community with #RobotEra 🌎

🤖 #RobotEra provides an opportunity to build a new metaverse with various NFT communities!

Invite NFTs from other communities and build an interactive ecosystem together! 🙌🏻

Join us now ⬇️https://t.co/UJ3inomU89 pic.twitter.com/DuwOOCwH7X

— RobotEra (@robotera_io) November 30, 2022

RobotEra’s main ecosystem token is TARO. The asset facilitates NFT sales within the platform while providing a great way for anyone to make gains. The coin recently launched on presale and has thus far raised over $296,000 in less than three weeks.