Analysts expect Cardano price to surge 70% to $1 if Bitcoin ETF inflows return in November, signaling renewed momentum in the altcoin market
Cardano (ADA) is regaining investor attention as analysts estimate a 70% rebound if the Bitcoin ETF inflows resume in November. Although it’s traded sideways for the past few weeks, this asset is seeing improvements in on-chain activity and a risk-on demand is giving hope. Institutional flows may be the main driver behind ADA’s next breakout. Meanwhile, MAGACOIN FINANCE is making a name for itself as a key altcoin in investors’ portfolios, promising early exposure to the next crypto cycle.
Bitcoin ETF Inflows Could Trigger Cardano’s Breakout
Bitcoin ETFs have conventionally been reliable indicators on the overall market trend. In early 2024, the overall capitalization of the crypto markets had grown by over 400 billion in just two months as inflows were high. This trend might soon replicate itself because analysts are expecting new inflows in ETFs since the U.S. Federal Reserve is indicating that it would cut the rate this November.
Cardano price holds its ground amid market uncertainty. According to CoinMarketCap, ADA is trading at around $0.62, having formed a base after a monthly decline of 30%. Historically, ADA has a strong track record of outperforming during correction phases of large-cap coins. When Bitcoin ETFs see strong capital once again, ADA could rally to $1, a potential 70% upward move from current levels.
Additionally, a potential reversal in the ADA/BTC ratio also showed early signs of reversal, indicating the potential of capital rotation from Bitcoin to altcoins. This twist is frequently seen at the beginning of the bullish market phases, which makes Cardano one of the most significant beneficiaries of the renewed ETF demand.
On-chain Indicators Reinforce Bullish Momentum
According to DeFiLlama data, the total value locked (TVL) of Cardano has already exceeded more than 270 million USD, which indicates the consistent utilization of the system throughout the decentralized exchange and lending market.
ADA TVL | Source: DeFiLlama
In addition, the latest upgrades, including Hydra and Mithril, have made Cardano more scalable and efficient in terms of transactions.
Technically, the daily chart of ADA shows an ascending channel pattern with higher lows, which is a sign of accumulation. The RSI is recovering and the MACD crossed over into positive territory, which is typical of short-term rallies.
ADAUSD 4Hr Chart | Source: TradingView
MAGACOIN FINANCE Attracts Investors For Diversification.
With ADA consolidating, investors are swamping into new presale projects with greater upside potential. MAGACOIN FINANCE is one such project; an Ethereum-based ecosystem and a next-gen DeFi platform. The presale has had an impact and has surpassed its initial phases with over $16 million in commitments.
Also, the token model of MAGACOIN FINANCE introduces staking, liquidity incentives, and momentum by the community. Its eco-system structure is sustainable and this attracts both the retail and institutional players.
In addition, the Certik and Hashex audits of the project increase its credibility, as the project is one of the few presales that satisfy the full requirements of transparency.
Cardano users, who prefer utility-oriented ecosystems, are moving to MAGACOIN FINANCE to diversify their portfolios. Its cross-chain integration and NFT utilities, as well as the fact that it plans to be listed on the exchange by 2026, puts it at the next stage of bullish growth.
Final Take
Liquidity should be reintroduced to the market, and with the inflows into Bitcoin ETF resuming in November, this will reinstate the altcoin sector. One of the best large-cap contenders to exploit this rotation is Cardano, which has a developing DeFi ecosystem. Analysts forecast that ADA price will hit $1, a 70% gain on the occurrence of macro and ETF catalysts.
MAGACOIN FINANCE, on the other hand, reflects a diversification of choice among the investors which are interested to join high-potential presales at the initial stage. Its core principles, open auditing and the community-based approach show the increasing demand of new resources beyond layer-1 ecosystems.
To learn more about MAGACOIN FINANCE, visit:
Website: https://magacoinfinance.com
Access: https://magacoinfinance.com/access
Twitter/X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance
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