{"id":624887,"date":"2025-02-07T13:38:11","date_gmt":"2025-02-07T13:38:11","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624887"},"modified":"2025-02-07T13:38:11","modified_gmt":"2025-02-07T13:38:11","slug":"cardano-price-prediction-ada-plummets-5-as-traders-pivot-to-this-3-4-million-ico-offering-diversified-meme-coin-investing","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-ada-plummets-5-as-traders-pivot-to-this-3-4-million-ico-offering-diversified-meme-coin-investing","title":{"rendered":"Cardano Price Prediction: ADA Plummets 5% As Traders Pivot To This $3.4 Million ICO Offering Diversified Meme Coin Investing"},"content":{"rendered":"

The Cardano price dropped 5% in the last 24 hours to trade at $0.7228 as of 3.45 a.m. EST on trading volume that surged 15% to $888.06 million.<\/p>\n

The ADA price dropped from 0.7561 to $0.7062 yesterday, and ever since then, it has been fluctuating between $0.70 and $0.73. ADA still remains higher than where it was in the early hours of Monday, when it dropped to nearly $0.60. However, it is also nearly 25% lower than last Friday, which shows how big of an impact Trump’s trade war had on the project.<\/p>\n

Cardano Price Prediction<\/h2>\n

The last two days have been turbulent for the crypto industry, and Cardano’s price action<\/a> is no exception. ADA saw its price drop from $0.77 to $0.72, attempt a recovery, and then drop even further. In the last 12 hours alone it has been going up and down multiple times, and even now, it is attempting to surge, but the resistance at $0.73 stands in its way.<\/p>\n

Its Bollinger Bands have remained wide for the majority of the time, and the price has been fluctuating from the upper to the lower band in the last 12 hours, seeing major fluctuations.<\/p>\n

\"Cardano<\/p>\n

The project’s Relative Strength Index (RSI) metric also shows that traders have been quite active with Cardano in the last two days. The RSI has been moving from the overbought zone to the oversold region on several occasions, rarely seeing any kind of stability.<\/p>\n

In fact, even during these larger fluctuations, the RSI saw multiple smaller moves along the way, signaling that traders are buying and selling constantly, trying to make minor gains from scalp trades during this extremely volatile period.<\/p>\n

Right now, the RSI is climbing from the lower levels of the neutral zone toward the overbought zone, heading from the value of 35 to the current value of 60. Whether it will manage to surge to 70 and possibly beyond remains to be seen, but for now, buying ADA is quite risky for anyone other than professional day traders.<\/p>\n

If, however, you wish to buy and HODL the token, then buying it at a low price could be a solid option to consider, but there are much more promising alternatives to look into first.<\/p>\n

Promising Alternative To Cardano<\/h2>\n

One of the best alternatives to Cardano right now is Meme Index (MEMEX) <\/a>— a new meme coin project that has been in ICO over the past several weeks. The project became very popular very quickly, as it offers a unique new way to earn passive income from meme coins while also making it much easier to invest in these lighthearted tokens.<\/p>\n

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🚀 Welcome to Meme Coin Masterclass #1:<\/p>\n

Diving into meme coins? Why bet on one when you can own the whole meme kingdom? 📈 Learn how index investing with $MEMEX<\/a> reduces risk and maximizes potential. #CryptoEducation<\/a> #MemeCoins<\/a>https:\/\/t.co\/7P9aYCaBEn<\/a> pic.twitter.com\/wOhs2pBK16<\/a><\/p>\n

— Meme Index (@memecoin_index) February 7, 2025<\/a><\/p><\/blockquote>\n