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Top 5 Cryptocurrencies Of The Week – Week 22

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The cryptocurrency market has had a difficult year so far. Yet, some coins are displaying good performance. Purchasing a coin that has momentarily fallen in price before resuming its upward trajectory is always a good choice.

Top 5 Cryptocurrencies

BTC/USD Weekly chart – TradingView

This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let’s take a look at it in more detail. At the time of writing this, the Bitcoin price is sitting at $29,782.05. Let’s take a look at it in more detail. 

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5.Top 5 Cryptocurrencies: Stellar (XLM) +15.5%

Top 5 Cryptocurrencies

XLM/USD Weekly chart – TradingView

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Stellar is a blockchain that was initially motivated by Ripple, but later expanded its own path. Stellar backs smart contracts and is utilized by some firms to launch their Security Token Offerings (STO). In the last 7 days, the XLM price has increased by almost +15.5%, just enough for a spot on our top cryptocurrencies list. 

>> Click here to buy XLM <<

4.Top 5 Cryptocurrencies: Cardano (ADA) +21%

Top 5 Cryptocurrencies

ADA/USD Weekly chart – TradingView

Cardano started its journey in 2017. The project was founded by Ethereum co-founder Charles Hoskinson. The Cardano Foundation, the team behind this project employs a scientific team that further develops the blockchain according to evidence-based steps. The token is called ADA. In the last 7 days, the native token ADA price has increased by almost +21%, just enough for a spot on our top cryptocurrencies list. 

>> Click here to buy ADA <<

3.Top 5 Cryptocurrencies: The Graph (GRT) +24%

Top 5 Cryptocurrencies

GRT/USD Weekly chart – TradingView

According to its website, The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS. Users can create and publicize open APIs, called subgraphs. Applications can query these subgraphs by using GraphQL to get blockchain data. In the last 7 days, the GRT price has increased by almost +24%, just enough for a spot on our top cryptocurrencies list.

>> Click here to buy GRT <<

2. Top 5 Cryptocurrencies: Helium (HNT) +30.7%

Top 5 Cryptocurrencies

HNT/USD Weekly chart – TradingView

Helium Network is a decentralized wireless network. It permits machines to link wirelessly to the Internet anywhere in the world. It is a web for the Internet of Things (IoT) machines. HNT is the native token of the Helium network. In the last 7 days, the HNT price has increased by almost +30.7%, just enough for a spot on our top cryptocurrencies list.

>> Click here to buy HNT <<

1.Top 5 Cryptocurrencies: Waves (WAVES) +85%

Top 5 Cryptocurrencies

WAVES/USD Weekly chart – TradingView

Waves permit developers to build and launch trade tokens. No need to compose smart contracts to mint new tokens. Instead, they can write scripts like developing a website and establishing the token. The waves ecosystem operates programs and tokens as extensions with a distinctive code. Thus driving the growth and deployment actually agile and quick.

Click here to buy WAVES <<

 

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Crypto

Bitcoin price might just have turned Bullish again…This is why

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The day is finally here. Bitcoin prices alongside the entire cryptocurrency market showed their green colors. Many traders who already purchased Bitcoin in the past few days are already profitable. This period comes after an extended consolidation phase that lasted 3 weeks. Bitcoin prices are hinting at an end to the crypto crash that lasted since November 2021. Will Bitcoin continue to rise? Will Bitcoin price reach $40,000 again soon? Let’s analyze what’s happening in this Bitcoin price prediction article.

Bitcoin Price is back above $30,000 – What happened?

Bitcoin prices suffered huge losses as prices went down from a high of around $69,000 to a low of $25,500. Prices quickly managed to go back higher into the strong support delimited between $27,000 and $28,000. In this area, prices consolidated for a while until the buying power broke, making Bitcoin prices pierce the $30,000 mark and reach a current price of $31,500.

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BTC/USD 1-day chart showing the reversal for a Bitcoin price prediction
Fig.1 BTC/USD 1-day chart showing the reversal of BTC – GoCharting

Bitcoin Price Prediction – Will Bitcoin reach $40,000 again?

For the bull run to continue happening, Bitcoin prices need to remain higher than $30,000 as a start. Slow growth should also happen, allowing buyers to safely get in the market again and push prices higher. If this happens, prices are definitely continuing higher with the below important areas:

  • $34,500
  • $36,000 – $37,000
  • $40,000

However, we do expect to face resistance around the $36,000 price area. Some short-term traders might start taking their profits from trades open at a price of $28,000.

BTC/USD 4-hours chart showing the potential Bitcoin price prediction
Fig.2 BTC/USD 4-hours chart showing the potential Bitcoin price prediction – GoCharting


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Can Cardano reach $100 in the future? History might repeat for ADA

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Among the cryptocurrencies, Cardano is perhaps the most interesting project in the long term. The Cardano blockchain is being further developed from a scientific point of view and is therefore usually technically ahead of its competitors. Can Cardano reach $100 in a few years? Despite the recent crash in prices, Cardano prices today are making a shift upwards, as the token ADA is up by 23% in the past week alone.

At the moment, $100 for Cardano seems like wishful thinking. After all, Cardano’s ADA token is currently worth just under $0.65. But 2 years ago the price was still 0.03 dollars. Let’s delve deeper and see if there’s still room for growth.

What is Cardano Crypto Project?

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Cardano is a blockchain network that uses the proof-of-stake consensus mechanism and offers smart contract functionality. The network can thus be the basis for decentralized applications. The non-profit organization Cardano Foundation is behind the project. The project was launched by Ethereum co-founder Charles Hoskinson.

The Cardano Foundation is pursuing a scientific approach to the further development of the Cardano blockchain. Previous weaknesses of other blockchains are analyzed and improved for your own blockchain. The focus at Cardano is on long-term development. Cardano’s network token is ADA.

can cardano reach $1000

What makes Cardano so special?

Cardano offers a modern blockchain that uses the efficient Proof-of-Stake consensus mechanism. Cardano also offers smart contracts. However, these properties do not make Cardano unique. 

The scientific approach to the further development of the Cardano blockchain is unique. Cardano uses evidence-based methods to technically develop the blockchain. Weaknesses of other blockchains are scientifically analyzed and an optimal solution is sought.

As one of the few blockchains, Cardano can offer solutions for the so-called blockchain trilemma. This states that smart contract platforms always have a weakness in the 3 areas of decentralization, security, and scalability. Cardano is strong in all of these areas. Furthermore, the further development of the blockchain is structured in 5 important phases. You can find more about this in the Cardano roadmap.

can cardano reach $1000

How was Cardano price in recent years?

Cardano experienced its first major hype in late 2017 when the crypto market went into a massive bull run. In mid-November 2017, the ADA token was still priced at 0.03 US dollars. Within 2 months, the ADA price rose to over 1 dollar. The price rose more than 30 times in 2 months.

ADA/USD 1-week chart showing ADA price/action
ADA/USD 1-week chart showing ADA price/action – TradingView

During the bear market of 2018 and 2019, the price of the ADA token fell back to $0.03. Only in the second half of 2020 did the price rise again to $0.10. The next bull market followed in early 2021 and ADA only rose above $2 in May and above $3 in September. Here, too, the value of the ADA token has again increased by 30x. 

But can Cardano (ADA) reach $100 on such price action?

When will Cardano reach $100?

The price movements so far have shown that Cardano’s ADA token has the potential to increase by 30x within a bull run. At the moment, the value of the ADA token is around $1. If this level holds up over the next few months, the next major bull market could see an ADA price of $30.

That would mean there’s still a long way to go to $100. The ADA would then need at least one, possibly even two more bullish cycles to reach $100. Cardano therefore only seems realistic at $100 around the year 2030.

can cardano reach $1000

What can help Cardano reach $100 in the next few years?

Cardano is a project that is based little on short-term hypes but on sustainable development. The 5 phases of development give a long-term perspective for the project. Due to the scientific approach, however, Cardano could be the technically best and also the most successful blockchain in a few years.

Cardano still has massive potential, especially in the area of decentralized applications. Smart contract functions were only launched six months ago. Ethereum still has a massive lead in this area. However, Cardano has an extremely solid community. The number of Cardano addresses is constantly increasing. 

can cardano reach $1000

With further developments in the Cardano project, the blockchain could soon leave projects like Ethereum and Solana behind. In particular, the Basho development phase, in which scalability is to be massively increased, could bring a commercial breakthrough for Cardano. Then the beginning of the 100 dollars for Cardano would be created.

You can also purchase the ADA token on the crypto exchanges  Coinbase  and  Kraken  .


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