As the cryptocurrency market experiences a resurgence, Bitcoin (BTC) continues to lead the way, while Cardano (ADA) and other altcoins are seeing significant growth.
Market analyst Patrick H raised an intriguing question: Is the altcoin market poised for a bullish breakout, or will it face another rejection?
📊 Key Insights:
Recent Altcoin Market Trends: The market, once trapped in a bearish phase, shows signs of a potential shift. There’s now a higher low formed at $330 billion, indicating that the bearish momentum might be waning.Resistance and Breakout: The altcoin market faces resistance around $375 billion, and a clear breakout above the $400 billion mark could confirm a bullish reversal.Bullish Target: If this resistance level is overcome, the next target is $600 billion, a major milestone for the altcoin market.Potential Risks: A failed breakout could lead to the market testing support at $330 billion or $317 billion, risking a return to bearish territory.
💥 Spotlight on Cardano (ADA):
Cardano has performed exceptionally well, up 31% in the past week, reclaiming the crucial $1.11 level. While still far from its all-time high of $3.09, its current momentum suggests that Cardano could continue to see price increases if the altcoin market continues its upward trend.
🌐 The Big Question: With a possible bullish trend ahead, can the altcoin market break through $400 billion and ignite a rally, or will it face more resistance?
The future remains uncertain, but Cardano and other altcoins are positioned to benefit if the market continues to rise.
🔮 What's your take? Are you bullish on Cardano and other altcoins in the coming months? Let us know in the comments! 👇
#Altcoins! #CardanoSurge #BTC #MarketTrends #CryptoAnalysis"

In a wide-ranging two-hour livestream on December 26, Cardano founder Charles Hoskinson addressed ongoing discussions around partnering with Ripple, advancing a Chainlink integration, and bridging Bitcoin into the Cardano ecosystem. Speaking from Gillette, Wyoming, Hoskinson provided new details and timelines for these initiatives, emphasizing security requirements and technical collaboration across multiple blockchains.
Update On The Potential Cardano And Ripple Partnership
Hoskinson described the relationship with Ripple as “early days,” highlighting a desire to incorporate Ripple’s infrastructure into Cardano’s upcoming privacy-focused sidechain, Midnight. “We’d like to include Ripple in the Midnight ecosystem,” he stated, underscoring that his team and Ripple CTO David Schwartz have pursued technical conversations about how both platforms could benefit from each other.
“There are ongoing talks between the Midnight people and the Ripple people and a lot of technological talks as well. And we’ve been trying to learn more about how their stack works,” Hoskinson confirmed
He also referenced Cardano’s smart contract language, Marlowe, suggesting it could be of particular interest to Ripple developers. “There’s some tech we invented, in particular Marlowe, that would be tremendously useful with the Ripple ecosystem, and it would be a lot of fun to see what we can do there and also just some things in Ripple like Flare, for example, are pretty cool, pretty interesting” he explained.
Nonetheless, Hoskinson noted that partnership agreements require time to “ferment,” adding, “First step was just technical conversations and that’s what we did with David [Schwartz] who’s been tremendously helpful and a great asset. Then at some point once you’ve got beyond that, then there’s actual integration work and other things to get done, but overall they’ve been easy to work with.”
Chainlink Integration
Addressing Chainlink’s absence on the Cardano blockchain to date, Hoskinson recalled initial discussions from 2021 in which the two teams had reached an agreement to integrate oracle services. Despite the early enthusiasm, the project never fully materialized.
“We talked about integration. They agreed to do it and, for a long time, I thought they had integrated on the chain,” Hoskinson said, describing how the initiative became stalled. “Where I don’t think there’s a commercial issue or an integration or technical issue, something got cross-wired […] we’ll circle back and I’ll find out what happened there.”

He reiterated Cardano’s interest in oracles—crucial infrastructure that feeds real-world data onto the blockchain—mentioning alternatives such as Charlie3 and Flare. At the same time, Hoskinson reaffirmed that no bad blood exists between the parties.
“I know Sergey [Nazarov], the Chainlink ecosystem has always been very friendly to us,” he continued, reiterating plans to reopen discussions.
Bridging Bitcoin To Cardano
In one of the AMA’s more in-depth technical segments, Hoskinson outlined plans to integrate Bitcoin into Cardano’s ecosystem—discussions that involve multiple teams exploring trustless bridging solutions.
“Anytime assets move from one blockchain to another blockchain, that is a point of attack,” he said, pointing to the string of exploits that have plagued cross-chain protocols in recent years. “We’ve witnessed literally billions of dollars in hacks.”
Hoskinson stressed the importance of formal methods and security proofs in building a robust BTC–ADA bridge, warning that “the single most important bridging project” cannot be rushed to match shorter market cycles. Instead, the goal is to unveil a reliable, cryptographically rigorous design by Bitcoin 2025, the industry conference slated for May 2025.
“We can’t put our fingerprints on it until we know the cryptography works,” he said, “because if we build something and a year down the road there’s a billion dollars worth of Bitcoin in it and it gets hacked, that’s a catastrophe.”
Alongside the core IO (Input Output) developers, several community-driven teams have been experimenting with bridging approaches under monikers like Bitcoin OS. Hoskinson noted such parallel efforts are welcome in an open ecosystem, though he emphasized that his own organization’s effort focuses on “belt-and-suspenders” security. “We’re really good at understanding what’s real and what’s not real, and building things that stand the test of time,” he concluded.
At press time, ADA traded at $0.90.

#RippleCEO #BitwiseBitcoinETF #Cardano #CardanoSurge #Ripple $XRP

Cardano ($ADA ) has experienced an 18% price decline over the past week, in line with broader market trends following a period of steady price growth. Beyond the drop in value, network activity on the Cardano blockchain has also slowed, raising concerns about the altcoin's short-term prospects. According to on-chain data, these concerns appear to be justified.
Cardano Encounters Key Roadblock
On December 8, Cardano reached a yearly high of $1.22, but its value has since fallen to $0.88, largely due to significant sell-offs. While some ADA holders may expect a short-term rebound, the In/Out of Money Around Price (IOMAP) indicator suggests that such a recovery could face substantial resistance.
The IOMAP highlights key price levels where Cardano holders are in either profit or loss. The indicator shows a significant concentration of addresses around the $0.92 price level, where 58,470 addresses hold a combined 951.02 million ADA. This volume is higher than the accumulation seen between $0.74 and $0.88, indicating that $0.92 represents a strong resistance level.
If buying pressure remains low, ADA may struggle to break above its current price. In such a scenario, further price declines are likely, leading to a prolonged period of correction.
Decline in Network Activity
Supporting this bearish outlook, data from Santiment reveals a notable drop in Cardano's network activity. On December 16, there were over 51,000 active addresses on the network, but by the time of writing, this number had decreased to 32,700. Active addresses, which reflect wallets involved in transactions, are a critical measure of blockchain engagement and user activity.
A decrease in active addresses typically signals weakening network engagement, which is often a bearish indicator for price action. The decline in this metric further suggests that ADA may continue to face downward pressure.
ADA Price Prediction: Continued Decline Likely
From a technical standpoint, Cardano’s price appears poised for further declines. The Exponential Moving Average (EMA) indicators suggest a bearish trend. ADA's price has fallen below the 20-day EMA (blue), signaling weak short-term momentum. Moreover, the price is hovering near the 50-day EMA (yellow), a critical support level. If this support fails to hold, ADA could see further declines to $0.77. In a more severe bearish scenario, the price could fall as low as $0.55.
However, if network activity picks up and investor sentiment improves, the outlook for ADA could change. In such a case, Cardano's price may rebound, with potential upside to $1.33.
Conclusion
In summary, Cardano is currently facing significant challenges, with declining network activity and a bearish technical outlook suggesting the possibility of extended price corrections. For ADA holders, the near-term outlook remains uncertain, with key support levels being tested. However, any uptick in network engagement could shift the trend in favor of a potential price recovery.

Cardano (ADA) price has experienced a notable rise over the past 30 days, in line with the broader market surge. This positive movement comes as investor interest grows, fueled by the cryptocurrency market’s overall rally.
Cardano Price Forecast Could ADA Soar With Trump’s Supportive SEC Nominee
The Cardano price has recently captured the attention of investors. This comes after Donald Trump’s endorsement of a potential new SEC (Securities and Exchange Commission) nominee who strongly supports cryptocurrencies. This surprising political alignment could have significant implications for the price of ADA, which has increased in recent months.
The prospect of a more crypto-friendly SEC leader has fueled optimism within the crypto market. Investors hope the new nominee will take a more lenient stance on crypto regulation. This could allow projects like Cardano, often seen as a technically superior yet undervalued blockchain, to gain more traction.

Trump’s SEC pick has literally spoken at a #cardano summit. HIGHER. $ADA https://t.co/WgUTz97Nqe pic.twitter.com/jo6JuU4syD
— ADA ape 🌍|| “APE” (Pool) 🛰️ (@TheADAApe) December 4, 2024

ADA Price Bulls Eyes $3 Resistance Level
The latest ADA price is trading at $0.7522, marking a 14% increase over the past week. During this time, the cryptocurrency has experienced notable price fluctuations, ranging between $1.17 and $1.24.
The volatility reflects strong market movements and heightened investor activity. ADA’s impressive price surge of 260% in the last seven days signals bullish sentiment and growing market interest.
At this stage, investors are keenly watching the $1.25 resistance level, hoping that a breach of this price point could trigger further upward momentum. If the Cardano price prediction surpasses this level, it may aim for the next significant resistance at $2. If buying pressure continues, the best altcoin could reach as high as $3.
Source: Trading View
Currently, the overwhelming majority of contracts, 88.57%, are IntotheMoney, representing a value of $37 billion ADA. In contrast, only 3.62% of contracts, or $1.53 billion ADA, are OutThe Money, while a minor 7.81%, totaling $3.29 billion ADA, are ATM. The data, aligned with a current ADA price, provides investors with a comprehensive overview of the market’s potential movement and sentiment.

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#cardano #CardanoSurge #ADABullish #CryptoTrading #2024withBinance