Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#GateNovTransparencyReportReleased
Cardano price prediction: ADA eyes $0.50 or lower?
Despite muted price action, Cardano is attracting attention from whales, who are steadily adding to their positions.
Traders are now debating what this could mean for the Cardano price.
Current market scenario
Cardano Cardano
ada
1.89%
Cardano slid to $0.41 after a 25 bp Fed rate cut, a massive 750M ADA whale transfer to Binance, and some leveraged positions unwinding from a recent rally. That rally had pushed ADA up to $0.47–$0.48, driven more by real ecosystem updates and growing institutional interest than hype.
The whale move on Dec. 10 added liquidity — and a bit of selling pressure. With the Fed staying cautious, ADA slid down to $0.41
Cardano price prediction based on current levels
A near-term Cardano price prediction puts ADA in the $0.41–$0.45 range. From there, it could either rally to $0.50 or test support near $0.40. The ADA outlook is a mix of bullish and bearish forces, with whale buying and institutional backing on the upside, and market sentiment and macro conditions on the downside.
If ADA can reclaim $0.45, it could open the door to $0.50 and maybe $0.70, thanks to whales and continued adoption. But failing to hold between $0.40 and $0.44 could lead to further losses.$$ADA $BTC