Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
-
After dropping to a low of 0.24 in December 2022, ADA has bounced to have a splendid run in 2023 that has taken the alternative coin above the mark of 0.32.
-
ADA to sustain an upward trend to 0.38 mark.
-
Charles Hoskinsonās Driving ADA Adoption by his hospital payment announcement.
ADA on a Bull Run
After falling to 0.24 mark at the end of December 2022, 2023 has brought in a good fortune for the bulls as ADA crossed the 0.33 mark on 9th January 2023 pushing the coin to a 5-week-high. The bull run has given ADA a 20% price rise in 2023 and a coin market capitalization of 11.74 billion USD. The 0.33 mark experienced on 9th January 2023 also happened to be a resistance point, as the price pushed down on 10th January 2023 to a minor swing level at 0.31 mark. This point acted a minor support for ADA on the trading day as the bull run continued. The sustained bullish run for ADA has not gone unnoticed, as ADA is currently trending with over 14,000 tweets.
Future Outlook
Technical analysis of ADA point to a bull run from the current minor swing level 0.31 mark. The 0.31 mark last acted as a minor support on 10th November 2022. In the short run, the upward trend is expected to be sustained up to the 0.38 mark which will act as a resistance point for market correction. This point last acted as minor support for ADA on 3rd November 2022.
Charles Hoskinsonās Driving ADA Adoption
Cardano founder Charles Hoskinson has shared news that his newly launched clinic, called āHoskinson Health & Wellness Clinic,ā will allow customers to pay for medical services using ADA token. ADA whales are hoping that this announcement will sustain the current bull run over the short term and long term.
Author Bio
Ian Mwenda is an experienced writer and editor of crypto-related content, specializing in fintech and disruptive technologies. Believer in blockchain who creates educational content to help educate the uninitiated.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.