Cardano Set to Surge: ADA Price Predicted to Reach $0.75 Soon!

• Cardano (ADA) is the seventh largest digital asset by market capitalization and is expected to more than double in price soon.
• Over $1.2 million liquidations have occurred in the past 24 hours, and analysts are recommending investors set a stop loss at sub $0.331 for protection.
• An AI-focused project called SingularityNET (AGIX) has mentioned launching on the Cardano blockchain.

Cardano Sees Massive Upswing On Horizon

The seventh largest digital asset by market capitalization, Cardano (ADA), is on the cusp of massive returns if the momentum sustains in the coming days. Cryptocurrency traders anticipate altcoin season to materialize in the coming weeks, forecasting that Cardano could more than double its price soon. Nonetheless, prior downtrends could result in increased forced liquidations over the next few weeks due to increased volatility.

Liquidation Activity

In the past 24 hours, over $1.2 million was liquidated in Cardano’s ADA market as a result of heightened volatility and trading activity within the crypto markets. Analysts suggest investors protect themselves against potential losses by setting a stop loss at sub $0.331 levels.

Potential Growth Targets

The potential for growth remains high for ADA with analysts expecting prices to hit $0.75 within weeks and potentially reach targets of up to $1-1.50 in future trading sessions depending on overall market conditions and liquidity levels across exchanges featuring ADA pairs such as Binance or Huobi Global among others..

On-Chain Activity

According to a report by market intelligence platform Santiment, whales holding large amounts of ADA have been increasing their on-chain activity leading to decoupling signs from other assets within markets which can be seen as an indication that bullish sentiment may be forming around ADA’s future prospects going forward into 2021 and beyond..

SingularityNet Adoption

An AI-focused projects called SingularityNET (AGIX) recently mentioned its interest towards launching on top of Cardano’s blockchain which could help fuel further adoption for both projects going forwards as well as provide support for new use cases related to machine learning applications running atop of distributed ledger technology based protocols such as Cardano’s network itself