Dan Gambardello Bullish on Cardano (ADA), New Altcoin Set To Follow the Explosive Growth of Toncoin (TON)
Dan Gambardello, a top expert in the crypto space, believes Cardano coin is set for a massive price surge according to its technical indicators. In other news, Alchemy Pay has introduced its crypto payment option on Telegram, thanks to the Toncoin network.
Meanwhile, IntelMarkets is aiming to reach the $1 million mark in terms of funds raised. The project has already raised over $250k in funding just two weeks since it started its presale. Let us see why investors are interested in the project.
In a recent tweet, analyst Dan Gambardello stated Cardano (ADA) is poised for a massive rally. He referenced the ADA/BTC chart, which showed Cardano coin was close to a historical level. Before the last bull run, the price of Cardano (ADA) was down against Bitcoin by 92%.
Currently, the cryptocurrency has dropped by 90%, a sign that it has bottomed out. According to the expert, if the market goes bullish, ADA could witness a huge spike because all metrics are working in this asset’s favor.
He, however, pointed out that the Cardano price is presently trading with the 20-day moving average at $0.35, and the 50-day MA is not much far away at $0. 57.
Therefore, if Cardano ADA is to break above these averages, it will be able to achieve a much higher price. In the meantime, the market cap of the cryptocurrency is consolidating between a low of $11 billion and a high of $14.5 billion.
Alchemy Pay has deployed its crypto payment solutions on the messaging app Telegram Through The Open. With this addition, Telegram users will be able to perform crypto transactions within the app.
The partnership is in line with the firm’s vision of connecting the traditional financial sector with crypto markets. In other news, Toncoin crypto is showing losses on the weekly and monthly price charts. The price of the cryptocurrency has dropped on both timeframes.
Meanwhile, the market cap of the Toncoin token is still consolidating between $11 billion and $18 billion in the monthly timeframe. Bulls are currently attempting to breach the 200-day SMA ($5.56). Surpassing this level could increase their chances of reaching the $6 level in the coming weeks.
IntelMarkets (INTL) is a new generation of a crypto trading platform that is here to reshape the global crypto market. It is coupled with an AI trading tool that allows its users to trade various assets like Toncoin (TON) and Cardano (ADA), among others.
The features of Intel Markets are the following: fast transactions, low fees, and the ability to work with large supply and demand sources resulting from. It also has a dual-chain structure. Such a dual-chain option implies that every time the traders use Intel Markets, they can decide to trade on either Solana or Ethereum blockchain.
In addition to this, Intel Markets has other modern trading tools, including charting applications, 1000x leverage, and real-time market data. IntelMarkets’ real-time processing tools help to improve trading performance. It also normalizes other technical indicators, allowing traders to read one signal instead of being confused.
Toncoin (TON) and Cardano (ADA) are already billion-dollar market cap projects. Such a high market cap places a restriction on how high their prices can go.
The case is different for IntelMarkets which has a low market cap and is yet to reach its peak. Analysts forecast its price could increase by 10x in the coming months.
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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.
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