Cardano ADA: Influencer Becker Predicts Surge to $5, Praises Network Speed

In a recent turn of events, crypto influencer Alex Becker has reversed his stance on Cardano, expressing Optimism about its future prospects. He now predicts a significant surge in the price of ADA, the native token of the Cardano network.

Alex Becker Predicts $5 ADA, Calls Cardano Network “Fast as Hell”

Crypto influencer and entrepreneur Alex Becker has reversed his stance on Cardano, now praising its network speed and predicting that the price of ADA could surge to between $4 and $5. Becker, who previously dismissed Cardano as a “ghost chain,” has now revealed that it was one of his biggest buys on February 2nd and 3rd. His current price prediction represents a potential increase of 550% to 700% from ADA’s price of around $0.62. Becker’s turnaround comes amid accelerating technological advancements and strengthening fundamentals for Cardano.

Cardano Price Prediction: ADA Down 8% — Is This a Buy-the-Dip Moment?

Cardano’s price has dropped 8% amidst a market-wide sell-off that erased $120 billion in just 24 hours. With global uncertainty rattling risk assets, ADA is currently trading around $0.66, down 1.90% in the last 24 hours, and testing key support levels. Liquidation data shows major Leveraged positions have been cleared, potentially setting the stage for a reset. Key resistance levels are at $0.67, $0.68, and $0.705. If ADA breaks through these levels, a rebound could follow; otherwise, more volatility may be ahead. Source: Brave New Coin

Cardano Foundation Launches Veridian for Enhanced Digital Identity Management

The Cardano Foundation has introduced Veridian, an open-source platform designed to assist individuals and businesses in managing their digital identities securely. Alongside it comes the Veridian Wallet, a tool aimed at keeping personal information secure and enabling users to prove their identity online without sharing sensitive data. This launch comes amidst increasing risks associated with online identity verification, as current systems often leave data exposed. The Foundation highlighted that with smart devices and AI becoming more prevalent, these flaws are becoming harder to address. Veridian aims to serve as a solution across various sectors, from healthcare and financial services to supply chains and academics, where identity verification is crucial for establishing trust.

Cardano Struggles as Whales Dump 120M ADA, Will It Rebound Past $0.70?

Cardano (ADA) has seen a significant price drop, falling from $0.70 to $0.61 before recovering slightly to $0.6607 with a 1.45% gain in the last 24 hours. Major holders, known as whales, sold off 120 million ADA in 48 hours, reducing their holdings from 5.84B to 5.71B. This sell-off has contributed to the decline, and the resistance at $0.72, including the golden pocket and Fair Value Gap, could trigger high volatility. Over the past seven days, ADA has dropped by 5.92%.