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The Cardano price has plunged by 6.8% within the last 24 hours to trade at $0.5503 as of 9:11 a.m. EST.
This comes after Cardano’s DeFi TVL hit a new high of $379M.
Cardano DeFi TVL is now at all time highs ($379M) and it is now the 9th ranked chain in terms of TVL
In the last cycle many said Cardano was a chain full of hype and no real use of meaningful protocols
Now the DeFi ecosystem is starting to grow & it’s growing utility could… pic.twitter.com/rS5isBzR62
— Velvet.Capital (@Velvet_Capital) December 11, 2023
Cardano Price Prediction
Looking at 30-minute ADA/USD charts, the 50-period moving average has maintained its run above the 200-period moving average, showing bull resilience.
The Relative Strength Indicator is also moving North again as the MACD maintains movement in the green zone.
This shows bullishness on the Cardano price, which is now anticipated to jump shortly.
Looking at Volatility, the Cardano price is now facing low volatility, as seen from the Bollinger Bands movements, currently maintaining a close distance.
This can be attributed to decreasing trading activities that have seen Cardano’s trade volume plunge by 18% within the last 24 hours.
Meanwhile, as the Cardano price looks to surge in the short term, the new TG.Casino’s TGC token presale is creating a buzz as investors rush to buy before a price hike in about 10 hours.
It’s now rapidly approaching $4 million raised with each TGC token priced at $0.18 before the imminent increase. The project has also hit $1 million in staking rewards.
$TGC is now available in our ongoing presale before we hit our FINAL milestone of $5 million raised.
Buy it here: https://t.co/20PB5qO2Ku
— TG Casino (@TGCasino_) December 11, 2023
Cardano Price Prediction: Is TG.Casino A Better Investment Than ADA?
In the fast-paced world of Web3, TG.Casino has emerged as a captivating newcomer, establishing itself as a prominent crypto gaming platform built on the Telegram network.
Cryptocurrency gambling has boomed this year, with platforms like Rollbit witnessing exponential growth in user base and native token values.
Similar to its counterparts, TG.Casino has seen remarkable success. What sets TG.Casino apart from its competitors is its focus on accessibility.
Recognizing the complexity that traditional crypto platforms pose, TG.Casino aims to capitalize on Telegram’s massive 700 million user base by simplifying the crypto gambling process through automation.
TG.Casino presents a unique opportunity for making passive income, particularly for early investors. Stakers of the TGC token enjoy impressive returns of approximately 170% on their presale token investments.
While this yield is expected to decrease as the presale progresses, TGC holders will continue to benefit from TG.Casino’s proposed token buyback program.
This innovative scheme involves token burning, thereby increasing the token price and providing a sustainable source of passive income.
As TG.Casino’s presale gains momentum, it offers investors a glimpse into the promising future of decentralized entertainment.
You can buy TG.Casino tokens here.
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