Press Releases

Cardano Predicted To Hit $0.50, Can Ethereum Hit $2,000? Bitcoin Spark To Lead ETF Approval Rally

The cryptocurrency market has broken its months of consolidation, with Cardano (ADA) and Ethereum (ETH) experiencing bullish price movements. Experts have weighed in on ADA’s potential to reach $0.50 and ETH to reclaim $2,000. Meanwhile, Bitcoin Spark has been voted as the dark horse for the next crypto rally.

Visit the Bitcoin Spark ICO For A Second Chance At Joining Bitcoin Early

Cardano Price Prediction: Technical Analysis Support Rise To $0.50

Uptober ended as a great month for Cardano, rallying from a low of $0.24 to hit $0.30. However, the Cardano coin failed to hold the $0.30 resistance, dropping back to $0.298. Despite this, market analysts are convinced that the ADA price to reach $0.500.

They have highlighted ADA’s bullish divergence as a possible cause for an uptrend. The Relative Strength Index (RSI) of ADA suggests that an even stronger uptrend could happen. In addition, the TVL of the Cardano network has continued growing.

If the bullish momentum is maintained, ADA could break above the $0.300 resistance soon. The Cardano price prediction if this happens suggests that ADA could rally to $0.300 in the coming weeks. However, $0.300 remains the level to watch for ADA bulls.

Can Ethereum Gather Momentum To Breach the $2,000 Resistance?

The price performance of Ethereum was similar to ADA’s in the recent rally. However, the Ethereum price managed to hold the $1,800 resistance despite the recent pullback. With the Ether still sustaining bullish momentum, investors are asking, how high can Ethereum go?

Analysts have pointed to the US Federal Reserve interest rate decision as a major short-term influencer of the Ethereum price chart. If interest rates are unchanged, like 98.2% of traders (CME Fed Watch Tool) expect, then the Ethereum forecast suggests a continuation of the recent uptrend.

In this bullish scenario, Ethereum price predictions suggest a rally to $2,000. ETH only briefly traded above $2,000 in April and July. A convincing break above this level could mark the beginning of a bull run for Ethereum.

Bitcoin Spark Picked As the Dark Horse for the Next Bull Market

While analysts have predicted significant gains for Cardano and Ethereum, they are not close to the potential of Bitcoin Spark. Firstly, Bitcoin Spark (BTCS) is a fork of Bitcoin. As such, BTCS has been predicted to benefit from the approval of a spot Bitcoin ETF and the 2024 halving of the network.

Related Post

Unlike other forks, Bitcoin Spark has been highly rated because of its unique offering. While it retains the codes of Bitcoin for maximum security and privacy, it has included great features that are lacking in the original network.

The most talked about is smart contract functionality. While this is lacking in Bitcoin, developers will be able to build and deploy dApps and DAOs on the Bitcoin Spark network. In addition, the network will operate on a new hybrid consensus model, Proof-of-Process.

These features have made Bitcoin Spark one of the best crypto to buy now. As it is in the early ICO stages, investors have been given a second chance to join Bitcoin early. BTCS now trades at $3.50 in stage 9 of its ICO. Analysts have predicted that BTCS would set an ATH of %50 in the upcoming rally.

Find out more about the Bitcoin Spark ICO below:

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Photo by Kanchanara on Unsplash

Null Transaction PR

Null Transaction PR is a cryptocurrency marketing group responsible for article distribution across a myriad of news sites. If you're looking to advertise with us, contact us by email at contact@nulltransaction.com or visit our website.

Share
Published by
Null Transaction PR

Recent Posts

Altcoin Alert: Crypto Market Cap Breaches Key Level Hinting at an 8000x Rally for this Shiba Inu Killer

Shiba Inu (SHIB) gave enormous returns in 2021, making many early holders millionaires. After the…

2 hours ago

XRP Crash? XRP Falls Below $0.5 Resistance Level as Next Gen Altcoin JetBolt Takes Over

Spooky season might be over but doom is still looming as Ripple’s XRP falls below…

5 hours ago

This New Exchange Token Is Poised for a Price Surge Alongside Cardano and Avalanche – Analysts Predict Huge Gains This November

Three promising altcoins are causing a stir among investors this November: Avalanche (AVAX), Cardano (ADA),…

5 hours ago

With Dogecoin Dipping and TRON Holding, Is Lunex the Hottest Crypto Now?  

Everyone knows what the hottest crypto can do. When it was so hot it was…

6 hours ago

Tron Fees To Be Cut In Half Through Proposal 95, Cutoshi Surpasses $600k As TRX Investors Join CUTO Presale

The Tron network has witnessed incredible growth in several areas, especially in its adoption, which…

7 hours ago

$Pepe Whale Sell-Off And Fund Transfers Stir Volatility In Meme Coin Market

Recently, major $PEPE holder Flow Traders transferred 520 billion $PEPE tokens—worth approximately $4.73 million—from address…

15 hours ago