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Analyst Reveals Why Cardano Price Rally To $10 Isn’t ‘Crazy’

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1 day ago

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Several theories are touting Cardano price to clinch $10 but critics are tagging the projections as outlandish. However, one cryptocurrency analyst has picked up the gauntlet to rationalize the claims of ADA reaching $10 during this cycle, citing a slew of factors.

Cardano Price To $10 Is In Play

Cryptocurrency analyst Dan Gambardello has reiterated claims that Cardano price is headed to $10 in this cycle. According to his analysis, Gambardello poked a hole through the barrage of criticisms leveled against ADA optimists backing the asset to reach $10.

Gambardello began his analysis with key ADA fundamentals, citing its speed, decentralization, scalability, and security standards. He points to incoming Bitcoin DeFi and the potential unlocking $2 trillion opportunity for Cardano. The recent Cardano Lace Wallet retrofitted with multichain functionality specifically for the Bitcoin blockchain underscores the point.

The analyst turns his gaze to the impending end of quantitative tightening and the start of quantitative easing by the Federal Reserve and its potential for cryptocurrencies. According to Gambardello, the move signals a major “bullish catalyst” for ADA given the uptick of liquidity flooding the market.

Gambardello bolsters his argument with ADA’s inclusion in the Digital Asset Stockpile as proof of Cardano’s price climbing to $10.

ADA Trading at $10 Is Not A Crazy Idea

At the moment, ADA is trading at $0,70, a far cry from the projected $10. However, Gambardello argues that the Cardano price can clinch reach $10 given its positives.

“A $10, $350 billion market cap sounds crazy to a lot of people, I understand,” said Gambardello. “But I will not ignore the possibility of it just because it sounds crazy.@

The analyst goes on to cite Cardano’s run to reach an all-time high, surging from $0.3 to $3.09 back in 2021. Gambardello says that at the time Cardano price climbed by nearly 1,000% without smart contracts or an inclusion into the Digital Asset Stockpile.

A move toward $10 represents a 1,300% jump for ADA which Gambardello says is within reach given Ethereum’s price action during the last bull run. While Gambardello did not give a clear timeline, he disclosed that multiple ADA retracements are a real possibility before the final march to $10.

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Aliyu Pokima

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Crypto Tycoon Drops $1 Billion On Private Space Station

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49 minutes ago

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March 23, 2025

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cryptocurrency mogul Jed McCaleb is spending $1 billion of his own money to build a space station. The Ripple co-founder, worth about $3.2 billion from XRP holdings, now runs Vast Space, an aerospace company he started in 2021.

Space Station Launch Set For 2026

According to recent reports, Vast Space has completed designs for its first station called Haven-1. The station will launch in May 2026 using SpaceX’s Falcon 9 rockets. McCaleb’s company focuses on creating space stations with artificial gravity, a feature mostly seen in science fiction flicks, until now.

“It’s very important that humans transition from where we are today into this potential society where there are many individuals living outside the Earth,” McCaleb told Bloomberg in an interview.

McCaleb Shifts From Crypto To Cosmos

The cryptocurrency expert has made a dramatic career change. His company aims to fill the gap left when the International Space Station (ISS) is decommissioned in 2030. Haven-1 will support long-term human stays, scientific research, and may open doors for space tourism.

Based on the information available, McCaleb is personally funding this massive project rather than seeking outside investors. This approach gives him more control over the company’s direction and timeline.

Private Companies Compete For Space Dominance

Vast Space joins other private space companies like SpaceX, Blue Origin, Axiom Space, and Voyager Space. All these firms are trying to gain ground in the growing space economy as government agencies increasingly work with private businesses.

XRP market cap currently at $140 billion. Chart: TradingView.com

McCaleb’s fellow Ripple co-founder, Chris Larsen, expressed support for the venture on social media platform X:

“This is a big, bold vision by Jed McCaleb. America used to pursue new frontiers like this before skidding into bureaucracy and doubt. I’m rooting for Vast’s success.”

Vast headquarters in Long Beach, CA. Image Credit: Bloomberg Businessweek

NASA Contract Could Boost Vast’s Position

Reports suggest Vast Space is competing for a NASA contract that could make it a leader in the space industry. If successful, the company plans to expand beyond Haven-1 to create larger modular stations in the future.

Vast Space’s work on artificial gravity could solve one of the biggest challenges for long-term human presence in space. The company’s success might bridge the gap between science fiction and reality, opening new possibilities for human settlement beyond Earth.

The move from cryptocurrency to space exploration shows how tech wealth is funding new frontiers. McCaleb’s billion-dollar bet represents one of the largest personal investments in commercial space development.

Featured image from Gemini Imagen, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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Fidelity Files For Tokenized US Dollar Money Market Fund On Ethereum

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6 hours ago

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March 23, 2025

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While BlackRock holds a clear lead over the tokenized money market fund, Fidelity Investments is keen on closing the gap. Fidelity’s latest play is a filing to the US Securities and Exchange Commission (SEC) to tokenize its USD money market fund.

Fidelity Files Paperwork With The SEC For Ethereum-Based Fund Tokenization

According to a filing to the SEC, Fidelity is seeking the registration of a tokenized version of its money market fund. Dubbed the Fidelity Treasury Digital Fund, the firm is eyeing the registration of an Onchain share class for the fund.

Per the filing, the transfer agent will be blockchain technology with the fund name-checking the Ethereum network. Despite leaning on Ethereum, Fidelity’s filing suggests a future expansion to other blockchains in the future.

The filing reveals that the tokenized fund will not invest in any cryptocurrencies but 99.5% will go to US Treasury securities and cash. At the moment, 80% of the fund’s assets are in US Treasury securities with interest payable upon maturity.

The latest filing follows an application to introduce staking in Fidelity’s Ethereum ETF. In Q4 of 2024, Fidelity waded into blockchain-based funds via a filing with the SEC to catch up to BlackRock.

How Will A Blockchain-based Fund Operate?

Details from the SEC filing revealed that the Ethereum blockchain will be used for secondary recording, augmenting the book-entry form. However, investors in the Fund will be required to have a top blockchain wallet to hold the OnChain class shares.

While the filing does not expressly mention a secondary trading market for OnChain class shares, Fidelity hints at the potential peer-to-peer trading of shares on the blockchain.

“The fund has no current agreement to make OnChain class shares available for trading in a secondary market but may enter such an agreement in the future,” read the filing.

Ethereum Price Gains In The Wake Of The Report

The report of Fidelity with its nearly $6 trillion assets under management tapping Ethereum for tokenization has created a stir in the ecosystem. Ethereum’s price climbed by nearly 2% to trade at just above the $2,000 mark.

ETH has its eyes on a key resistance level that could push Ethereum’s price to $1,700 in the coming days. A slew of negative reports have hit Ethereum in recent days with Standard Chartered slashing its ETH prediction for 2025 by 60%

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Aliyu Pokima

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Predicts Dogecoin Price Rally To $20, Here’s When

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7 hours ago

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March 23, 2025

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Dogecoin (DOGE) has been experiencing a period of consolidation, but some analysts are predicting a potential price rally to $20. Despite recent challenges in the market, including heightened volatility, some believe that the top meme coin could see significant upward movement soon. 

According to crypto analyst Ali charts, the current market structure and on-chain data suggest that a breakout could be imminent, potentially setting the stage for a dramatic rise in Dogecoin price.

Dogecoin Price Market Trend, DOGE Rally Looming?

Dogecoin has remained in a tight consolidation range since March 11, trading between $0.16 and $0.18. This range has become a critical battleground, with investors waiting for clear direction. On-chain data, however, paints a different picture. Over the past week, DOGE whales have accumulated over 120 million Dogecoin, signaling a possible shift in market sentiment.

DOGE PriceDOGE Price
Source: X

Despite the sideways movement in price, this accumulation trend suggests that large holders are positioning for a potential price surge. Analysts believe that this increased whale activity could be the foundation for a future rally. 

If the meme coin manages to break through the $0.18 resistance zone, it could potentially trigger the next phase of its upward trend. According to some analysts, this could eventually lead to the much-anticipated $20 target, although the timing and specific market conditions remain uncertain.

Fibonacci Levels and Trend Channel Support

Dogecoin price chart shows that the meme coin has established an upward trend. This pattern has been there since early 2015 and has shown long-term sustainability in terms of support. DOGE price is at the mid-market trend at the moment and if the support trend line holds, it can continue an upward movement.

Besides the trend channel, the price of Dogecoin is currently hovering close to the 0.5 Fibonacci level that has served more or less as a support and resistance level. A move above the 0.618 level could signal a bullish continuation, with some analysts like Ali charts predicting a price increase toward higher levels. If this trend holds, the path toward a $20 price target may become more feasible.

Whale Accumulation as a Bullish Signal

On-chain data from analysts such as Ali Martinez highlights the recent surge in DOGE whale activity. Over 120 million Dogecoin has been accumulated in just one week, a sign that large holders are positioning themselves for a potential rally. Whale behavior is a key indicator in predicting future price movements, and this accumulation trend suggests growing confidence in Dogecoin’s prospects.

Many analysts believe that if the price breaks through key resistance levels, such as the $0.18 zone, Dogecoin could see upward movement. The current accumulation of whales is a supportive factor for this potential rally. 

Concurrently, another analyst Kevin, according to his forecast, Dogecoin price is currently at a crucial support level, holding around $0.139, which serves as the last line of bull market support. The weekly demand candle from last week signals potential strength, but maintaining this level is key as the 3-day MACD, weekly Stoch RSI, and 2-week Stoch RSI approach full resets. 

If the top meme coin loses $0.139 on weekly closes, it could signal downside risk, but the risk-reward ratio remains highly favorable for traders looking to enter. With Bitcoin holding above $70K, this setup suggests Dogecoin price could be gearing up for a strong upside move.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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