Cardano has been surrounded by bullish predictions for a while now, and these seem to continue.
At the moment of writing this article, ADA is trading in the green and the coin is up by more than 2% – the coin is priced at $0.4217.
InvestingCube writes that last week, the author of the article wrote that ADA was ripe for a bullish breakout. “I pointed to the bullish pennant that started to form in January. This prediction was correct as of the price broke-out to its 2018 high of $0.4322,” they said back then.
Now, the same author notes that “Looking at the same chart, we see that it has found some resistance. This is expected since the price is at its ATH. Still, there is still a possibility that the price will have a bullish breakout as bulls start targeting the next vital resistance at $0.4500. However, this prediction will be invalidated if it moves back to $0.3500.”
We suggest that you check out the complete prediciton that the article mentioned above made.
Grayscale sparks Cardano support rumors
It’s been just revealed by the latest reports that the digital asset managed Grayscale is sparking some discussions in the crypto space following the recent move to register a long list of altcoins trusts.
It also seems that GHrayscale could be gearing up to support a new batch of altcoins after the largest crypto asset management in the world, Grayscale filed new trusts in the Delaware corporate registry.
As the online publication the Daily Hodl reveals, new names added to Grayscale’s growing list of crypto trusts include:
Grayscale Aave Trust (AAVE)
Grayscale Cardano Trust (ADA)
Grayscale Cosmos Trust (ATOM)
Grayscale EOS Trust (EOS)
Grayscale Monero Trust (XMR)
Grayscale Uniswap Trust (UNI)
Grayscale Polkadot Trust (DOT)
The same online publication mentioned above notes that over the last few months, Grayscale has grabbed headlines for purchasing huge quantities of BTC on behalf of its investors.
Check out more details in our previous article.