• bitcoinBitcoin (BTC) $ 92,879.00
  • ethereumEthereum (ETH) $ 3,346.75
  • tetherTether (USDT) $ 0.997794
  • xrpXRP (XRP) $ 2.04
  • bnbBNB (BNB) $ 692.77
  • solanaSolana (SOL) $ 189.56
  • dogecoinDogecoin (DOGE) $ 0.315820
  • usd-coinUSDC (USDC) $ 0.998757
  • staked-etherLido Staked Ether (STETH) $ 3,344.55
  • cardanoCardano (ADA) $ 0.853604
  • tronTRON (TRX) $ 0.254435
  • avalanche-2Avalanche (AVAX) $ 35.96
  • wrapped-stethWrapped stETH (WSTETH) $ 4,029.93
  • the-open-networkToncoin (TON) $ 5.52
  • chainlinkChainlink (LINK) $ 20.60
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 92,921.00
  • suiSui (SUI) $ 4.05
  • hedera-hashgraphHedera (HBAR) $ 0.273006
  • polkadotPolkadot (DOT) $ 6.69
  • stellarStellar (XLM) $ 0.331573
  • wethWETH (WETH) $ 3,347.85
  • hyperliquidHyperliquid (HYPE) $ 27.53
  • bitcoin-cashBitcoin Cash (BCH) $ 443.22
  • bitget-tokenBitget Token (BGB) $ 6.17
  • leo-tokenLEO Token (LEO) $ 9.03
  • uniswapUniswap (UNI) $ 13.06
  • pepePepe (PEPE) $ 0.000018
  • litecoinLitecoin (LTC) $ 100.30
  • wrapped-eethWrapped eETH (WEETH) $ 3,539.68
  • nearNEAR Protocol (NEAR) $ 5.08
  • ethena-usdeEthena USDe (USDE) $ 0.995871
  • usdsUSDS (USDS) $ 0.999357
  • aaveAave (AAVE) $ 329.77
  • aptosAptos (APT) $ 8.85
  • internet-computerInternet Computer (ICP) $ 10.07
  • mantleMantle (MNT) $ 1.19
  • crypto-com-chainCronos (CRO) $ 0.143531
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.464716
  • ethereum-classicEthereum Classic (ETC) $ 25.47
  • vechainVeChain (VET) $ 0.044112
  • whitebitWhiteBIT Coin (WBT) $ 24.53
  • moneroMonero (XMR) $ 190.12
  • render-tokenRender (RENDER) $ 6.75
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 3.43
  • bittensorBittensor (TAO) $ 456.38
  • mantra-daoMANTRA (OM) $ 3.55
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.29
  • daiDai (DAI) $ 0.998821
  • arbitrumArbitrum (ARB) $ 0.744720
  • filecoinFilecoin (FIL) $ 4.91
  • okbOKB (OKB) $ 49.98
  • kaspaKaspa (KAS) $ 0.115752
  • ethenaEthena (ENA) $ 0.957950
  • algorandAlgorand (ALGO) $ 0.320636
  • optimismOptimism (OP) $ 1.83
  • cosmosCosmos Hub (ATOM) $ 6.28
  • tokenize-xchangeTokenize Xchange (TKX) $ 30.27
  • bonkBonk (BONK) $ 0.000031
  • immutable-xImmutable (IMX) $ 1.36
  • theta-tokenTheta Network (THETA) $ 2.32
  • blockstackStacks (STX) $ 1.52
  • celestiaCelestia (TIA) $ 4.80
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996020
  • fantomFantom (FTM) $ 0.772968
  • movementMovement (MOVE) $ 0.931735
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,346.89
  • gatechain-tokenGate (GT) $ 15.86
  • injective-protocolInjective (INJ) $ 20.17
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.031313
  • the-graphThe Graph (GRT) $ 0.204644
  • ondo-financeOndo (ONDO) $ 1.34
  • dogwifcoindogwifhat (WIF) $ 1.86
  • usual-usdUsual USD (USD0) $ 0.999472
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,766.09
  • worldcoin-wldWorldcoin (WLD) $ 2.08
  • sei-networkSei (SEI) $ 0.407560
  • flokiFLOKI (FLOKI) $ 0.000175
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,474.12
  • lido-daoLido DAO (LDO) $ 1.84
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 93,023.00
  • jasmycoinJasmyCoin (JASMY) $ 0.032498
  • thorchainTHORChain (RUNE) $ 4.54
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,524.36
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 92,969.00
  • galaGALA (GALA) $ 0.034584
  • fasttokenFasttoken (FTN) $ 3.36
  • raydiumRaydium (RAY) $ 4.92
  • ai16zai16z (AI16Z) $ 1.30
  • flare-networksFlare (FLR) $ 0.025682
  • beam-2Beam (BEAM) $ 0.025589
  • tezosTezos (XTZ) $ 1.31
  • makerMaker (MKR) $ 1,495.37
  • pyth-networkPyth Network (PYTH) $ 0.368374
  • the-sandboxThe Sandbox (SAND) $ 0.543128
  • kucoin-sharesKuCoin (KCS) $ 11.01
  • nexoNEXO (NEXO) $ 1.30
  • binance-staked-solBinance Staked SOL (BNSOL) $ 194.10
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 92,751.00
  • based-brettBrett (BRETT) $ 0.120485
  • eosEOS (EOS) $ 0.775692
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,448.95
  • curve-dao-tokenCurve DAO (CRV) $ 0.918113
  • kaiaKaia (KAIA) $ 0.196971
  • ethereum-name-serviceEthereum Name Service (ENS) $ 33.32
  • flowFlow (FLOW) $ 0.713593
  • jupiter-exchange-solanaJupiter (JUP) $ 0.808479
  • heliumHelium (HNT) $ 6.10
  • starknetStarknet (STRK) $ 0.470668
  • dydx-chaindYdX (DYDX) $ 1.49
  • aerodrome-financeAerodrome Finance (AERO) $ 1.46
  • arweaveArweave (AR) $ 15.98
  • msolMarinade Staked SOL (MSOL) $ 237.43
  • xdce-crowd-saleXDC Network (XDC) $ 0.069958
  • bittorrentBitTorrent (BTT) $ 0.000001
  • bitcoin-svBitcoin SV (BSV) $ 52.00
  • iotaIOTA (IOTA) $ 0.288163
  • coredaoorgCore (CORE) $ 1.07
  • neoNEO (NEO) $ 13.91
  • axie-infinityAxie Infinity (AXS) $ 6.20
  • elrond-erd-2MultiversX (EGLD) $ 34.22
  • zcashZcash (ZEC) $ 58.74
  • jito-governance-tokenJito (JTO) $ 3.33
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,349.28
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 92,673.00
  • matic-networkPolygon (MATIC) $ 0.463509
  • decentralandDecentraland (MANA) $ 0.477223
  • aioz-networkAIOZ Network (AIOZ) $ 0.779743
  • apecoinApeCoin (APE) $ 1.21
  • pendlePendle (PENDLE) $ 5.35
  • wbnbWrapped BNB (WBNB) $ 693.64
  • wormholeWormhole (W) $ 0.295520
  • fartcoinFartcoin (FARTCOIN) $ 0.811670
  • spx6900SPX6900 (SPX) $ 0.871268
  • mog-coinMog Coin (MOG) $ 0.000002
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 92,631.00
  • chilizChiliz (CHZ) $ 0.083261
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,350.61
  • popcatPopcat (POPCAT) $ 0.776910
  • usddUSDD (USDD) $ 0.995321
  • reserve-rights-tokenReserve Rights (RSR) $ 0.013910
  • dexeDeXe (DEXE) $ 13.01
  • conflux-tokenConflux (CFX) $ 0.156845
  • eigenlayerEigenlayer (EIGEN) $ 3.49
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.51
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,344.27
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 202.79
  • gnosisGnosis (GNO) $ 275.04
  • akash-networkAkash Network (AKT) $ 2.87
  • mina-protocolMina Protocol (MINA) $ 0.585510
  • zksyncZKsync (ZK) $ 0.191177
  • roninRonin (RON) $ 1.86
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 0.691721
  • compound-governance-tokenCompound (COMP) $ 77.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.316104
  • ecasheCash (XEC) $ 0.000034
  • havvenSynthetix Network (SNX) $ 1.98
  • dydxdYdX (ETHDYDX) $ 1.49
  • amp-tokenAmp (AMP) $ 0.007866
  • gigachad-2Gigachad (GIGA) $ 0.067661
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,526.81
  • fraxFrax (FRAX) $ 0.994164
  • superfarmSuperVerse (SUPER) $ 1.42
  • tether-goldTether Gold (XAUT) $ 2,613.75
  • turboTurbo (TURBO) $ 0.009312
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 92,517.00
  • notcoinNotcoin (NOT) $ 0.006238
  • echelon-primeEchelon Prime (PRIME) $ 12.46
  • axelarAxelar (AXL) $ 0.690137
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000109
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006730
  • susdssUSDS (SUSDS) $ 1.02
  • oasis-networkOasis (ROSE) $ 0.087322
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.005822
  • layerzeroLayerZero (ZRO) $ 5.20
  • grassGrass (GRASS) $ 2.36
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,631.85
  • livepeerLivepeer (LPT) $ 15.17
  • ordinalsORDI (ORDI) $ 26.64
  • beldexBeldex (BDX) $ 0.080727
  • 1inch1inch (1INCH) $ 0.388896
  • vanaVana (VANA) $ 17.52
  • chex-tokenCHEX Token (CHEX) $ 0.537773
  • paypal-usdPayPal USD (PYUSD) $ 0.998658
  • kusamaKusama (KSM) $ 33.65
  • apenftAPENFT (NFT) $ 0.00000053
  • blurBlur (BLUR) $ 0.247808
  • pax-goldPAX Gold (PAXG) $ 2,626.17
  • nervos-networkNervos Network (CKB) $ 0.011325
  • safeSafe (SAFE) $ 1.00
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • usualUsual (USUAL) $ 1.04
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.993383
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 92,880.00
  • kavaKava (KAVA) $ 0.461577
  • frax-etherFrax Ether (FRXETH) $ 3,364.09
  • true-usdTrueUSD (TUSD) $ 0.997341
  • aixbtaixbt by Virtuals (AIXBT) $ 0.494129
  • pumpbtcpumpBTC (PUMPBTC) $ 91,247.00
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,353.14

Analyst Says Cardano May Stay in a Consolidation Phase Until 2024

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Cardano (ADA) price is displaying a historical trend that might keep it in a consolidation phase until mid-2024.

According to market analyst Ali Martinez, the current consolidation Cardano currently trades in is similar to the one recorded from 2018 to 2020. The worst-case scenario is that should history repeat itself, Cardano could stay in this consolidation phase until July 2024.

Cardano Consolidation Aligns

Cardano printed a visible rally from late 2018 to July 2019, per the accompanying chart. An elongated crash to $0.031 subsequently accompanied this bullish rally during the COVID-19 crisis in 2020. Amid these price movements, ADA remained in consolidation.

Analyst Says Cardano May Stay in a Consolidation Phase Until 2024

Cardano 1W Chart

A recovery with a steeper curve than the 2019 rally surfaced from March to July 2020. This surge ended the first observable consolidation cycle, with ADA recording a significant breakout beyond the resistance level at $0.1.

This mega rally lasted from Q4 2020 to September 2021. During this time, Cardano attained its All-Time High (ATH) of $3.058, soaring as high as 2984.75% from its previous consolidation breakout point, as pointed out earlier.

This rally was short-lived following the crypto winter that dragged the price down to a low of $0.246 early this year. This price level resumed another consolidation phase that closely resembles the late 2018 to July 2020 cycle.

Can Cardano Make an Exception?

Because crypto markets sometimes move in response to unforeseen circumstances, chances are high that Cardano can print an earlier breakout from the consolidation trend than the July 2024 predicted by the analyst.

Recently, there has been a growing criticism of Cardano, which has remained one of the biggest losers in several metrics. Per data from IntoTheBlock, Cardano has seen a fast decline in profitable addresses, with wallets in losses now making up over 94% of addresses on the wallet.

Despite this poor outlook, Cardano remains poised for long-term growth when its growing Decentralized Finance (DeFi) ecosystem is fully priced. ADA is changing hands at $0.2456 at the reporting time, up 0.2% over the past 24 hours.

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