Cardano (CRYPTO: ADA) is up 4.5% over the past 24 hours, boosted by altcoins enjoying bullish sentiment.
Trader Notes: Crypto trader Brandon Hong noted in a post on X on Friday that Cardano offered traders an entry of around 80 cents.
From current levels, he anticipates ADA to push higher to $1.20 and, if that level is successfully reclaimed, possibly to $1.60 or further.
Pseudonymous trader Ssebi also targets $1.25, while trader Altcoin Scholar sees a chart pattern playing out that could possibly take ADA to $2 in the long run.
Community News: Digital asset manager Bitwise on Nov. 27 submitted an application for an exchange-traded fund (ETF) based on its existing 10 Crypto Index Fund.
Cardano holds a weight of 0.70% in the index fund.
The community member pointed out that Cardano is “one of the most organic chains out there.”
Another notable milestone was when Cardano deployed its first zero-knowledge (ZK) smart contract, Halo2, on its mainnet.
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