Cardano Price Prediction: ADA Price Tumbles 22% As Founder Charles Hoskinson Teases “A Crazy February” And Traders Buy This ICO For Safer Meme Coin Investing

The
Cardano
price
dropped
22%
in
the
last
24
hours
to
trade
at
$0.7083
as
of
4.15
a.m.
EST
on
trading
volume
that
soared
441%
to
$3.83
billion.

The
ADA
price
spent
the
last
seven
days
trading
between
a
support
at
$0.90
and
a
resistance
at
$1,
but
this
ended
on
Sunday,
Feb.
2,
when
it
broke
the
support
and
started
spiraling
down
to
a
support
at
$0.60,
even
briefly
dipping
below
it
to
$0.57.

Earlier
today,
however,
the
price
started
seeing
a
recovery
as
the
traders
rushed
in
to
buy
the
dip,
pushing
the
ADA
price
to
$0.70
as
of
the
time
of
writing.

However,
things
might
get
busy
for
Cardano,
as
its
founder,
Charles
Hoskinson,
recently
said
that
the
team
is
working
on
some
new
deals
and
is
“meeting
a
very
special
person
toward
the
end
of
the
month.”

JUST
IN:

#Cardano

$ADA
Founder
Charles
Hoskinson
says “we’re
still
working
on
some
of
the
deals
that
are
under
NDA,
and
meeting
a
very
special
person
towards
the
end
of
the
month.
I
can’t
say
who
it
is.
February
is
going
to
be
a
good
month.
We’re
getting
things
done.”

pic.twitter.com/zrT75XBdy7

—
Angry
Crypto
Show
(@angrycryptoshow)

February
2,
2025

Cardano
Price
Prediction

As
mentioned,
ADA
started
recovering,
which
allowed
its

price
to
reach
$0.70
—
a
level
that
is
currently
acting
as
its
new
major
resistance.

After
several
days
of
slight
fluctuations,
the
project’s
Bollinger
Bands
grew
tight,
which
changed
as
the
price
started
to
drop.
As
the
Cardano
price
went
down,
it
pushed
the
lower
band
deeper,
causing
a
major
widening.

Since
the
start
of
the
recovery,
the
bands
have
narrowed
slightly,
but
could
start
widening
again
if
the
price
manages
to
continue
its
surge,
and
starts
pushing
the
upper
band
further
up
this
time.

However,
according
to
the
project’s
Relative
Strength
Index
(RSI),
this
might
not
happen
yet.
While
the
RSI
spent
the
last
several
days
fluctuating
between
the
oversold
zone
starting
at
30
and
the
neutral
value
of
50,
occasionally
breaching
both
lines,
its
surge
today
allowed
the
metric
to
climb
to
60
for
the
first
time
in
days.

Unfortunately,
traders
seem
to
still
be
cautious,
and
instead
of
pumping
the
price
and
RSI
up
with
more
purchases,
they
started
taking
profit
until
the
RSI
dropped
to
50
again.
From
there,
it
saw
another
minor
increase
to
the
value
of
55,
but
has
since
started
dropping
back
down
to
50
again.

For
now,
ADA
has
seemingly
managed
to
stabilize
and
the
bulls
and
the
bears
are
in
balance,
although
it
remains
to
be
seen
how
long
this
will
last,
and
which
way
the
price
will
go
next.

On
the
positive
side,
Bitcoin
started
seeing
a
mild
recovery
recently,
which
could
continue
throughout
the
day
and
potentially
give
the
altcoin
market
a
boost.

Promising
Alternative
To
Cardano

As
many
do
not
see
ADA
as
the
most
profitable
crypto
to
hold
right
now,
they
are
turning
to
new
high-potential
projects,
looking
for
the
next
big
gem.

Meme
Index
(MEMEX),
the
world’s
first
decentralized
meme
coin
index,
could
be
one
such
project.

Meme
Index
is
a
new
project
that
aims
to
make
investing
in
meme
coins
safer
and
easier
by
creating
multiple
meme
coin
baskets,
or
indexes,
that
focus
on
more
than
1
meme
coin
each.
There
will
be
four
different
baskets
for
the
investors
to
choose
from,
including
Titan,
Moonshot,
MidCap,
and
Frenzy.

Each
of
these
baskets
come
with
a
higher
degree
of
risk
than
the
last.
The
major
advantage
of
the
baskets
the
project
offers
is
that
they
make
it
much
easier
and
safer
to
invest
in
meme
coins
than
if
an
investor
were
to
build
a
portfolio
from
scratch
and
buy
into
meme
coins
one
by
one.

However,
to
invest
in
any
of
the
project’s
baskets,
you
first
need
to
acquire
MEMEX
—
Meme
Index’s
native
cryptocurrency
that
is
currently
in
presale.
Selling
for
only
$0.0158443,
the
token
grants
you
the
ability
to
invest
in
the
project’s
indexes,
as
well
as
join
the
governance
process
and
choose
which
meme
coins
each
basket
will
focus
on.

So
far,
the
ICO
has
raised
over
$3.29
million,
and
it
continues
to
pull
investors
in.
Meanwhile,
experts
like
ClayBro,
a
crypto
YouTuber
with
over
135k
subscribers,
encourage
investors
to
buy
MEMEX
sooner,
rather
than
later,
as
they
predict
it
could
be
the
next
10x
crypto.

Buy
MEMEX
here
before
a
scheduled
presale
price
increase
in
44
hours
to
lock
in
the
best
ICO
deal.

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