CARDANO Dominance SOARS! ADA Price BREAKS HIGHER!

In this video, I dive into the exciting developments surrounding Cardano (ADA), particularly its price hitting 37 cents just as I started recording. I’ve been closely tracking every incremental increase and will continue to do so up to the $1 mark. We’re seeing ADA gain momentum, now holding 1% market dominance, which is significant when you consider the potential highs in a bullish market. I examine ADA’s performance on the charts, noting its overbought status and cautioning viewers about possible retracements, while also highlighting the strength ADA shows compared to the last cycle. With ADA making moves earlier in the cycle and a promising ecosystem on the horizon, I discuss the possibility of ADA reaching a 4% market dominance and a $400 billion market cap in the future. As always, I encourage the community to join me on this journey, share their thoughts, and keep the conversation going.

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00:00 – Introduction and current price of ADA at 37 cents
00:40 – Discussing Cardano’s movements and a quick dive into the daily chart analysis.
01:00 – Discussion of ADA’s 1% market dominance and its significance.
01:40 – Analysis of ADA’s market cap and potential in the next bull market using weekly charts.
02:20 – Historical comparison of ADA’s market dominance and price movements.
03:00 – Examination of ADA’s current position relative to past cycles and moving averages.
03:40 – Warning about potential retracements due to ADA being overbought.
04:10 – Potential retracement targets for ADA and anticipation of consolidation.
04:50 – Speculation on the near-term price action of ADA and live stream consideration.
05:30 – Analysis of ADA’s potential resistance levels based on past price action.
06:00 – Examination of the downside risk and support areas for ADA.
06:30 – Commentary on ADA’s performance compared to the last cycle and its stronger current position.
07:10 – Discussion of ADA/BTC pair and Bitcoin dominance in relation to altcoins.
08:00 – Analysis of ADA/BTC chart and the suggestion that ADA may be bottoming out against Bitcoin.
08:40 – Final thoughts on Cardano’s potential in the next bull market and its growing ecosystem.

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*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.

*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

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