{"id":361160,"date":"2022-11-30T14:59:41","date_gmt":"2022-11-30T19:59:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=361160"},"modified":"2022-11-30T14:59:41","modified_gmt":"2022-11-30T19:59:41","slug":"ada-price-prediction-is-cardano-heading-back-to-0-40-today","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ada-price-prediction-is-cardano-heading-back-to-0-40-today","title":{"rendered":"ADA Price Prediction – Is Cardano Heading Back to $0.40 Today?"},"content":{"rendered":"

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<\/span> to $0.40 today?<\/p>\n

ADA Price Action<\/h2>\n

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.<\/p>\n

\"ADA<\/p>\n

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.<\/p>\n

ADA To Twitter Links Spark Rumors<\/h2>\n

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<\/a> that crypto would play a role in Twitter’s future under billionaire Elon Musk.<\/p>\n

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

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.<\/p>\n

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

TARO Offers Perfect Gains<\/h2>\n

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.<\/p>\n

TARO powers RobotEra, a metaverse-based game<\/a> 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.<\/p>\n

In this game, players will be able to choose avatars, purchase land and properties represented as non fungible tokens (NFTs)<\/a>, while earning profit.<\/p>\n

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Build the biggest NFT community with #RobotEra<\/a> 🌎<\/p>\n

🤖 #RobotEra<\/a> provides an opportunity to build a new metaverse with various NFT communities! <\/p>\n

Invite NFTs from other communities and build an interactive ecosystem together! 🙌🏻<\/p>\n

Join us now ⬇️https:\/\/t.co\/UJ3inomU89<\/a> pic.twitter.com\/DuwOOCwH7X<\/a><\/p>\n

— RobotEra (@robotera_io) November 30, 2022<\/a><\/p><\/blockquote>\n