3 Reasons Cardano Could Bounce Back in the Second Half of 2024
There's no denying that Cardano (CRYPTO: ADA) has been a crypto market laggard through the first half of 2024. Of all the cryptocurrencies ranked in the top 10 by market cap, Cardano is the only one that is currently in the red. Year to date, Cardano is now down 34%.
But there are three reasons to think that Cardano might actually turn things around in the second half of the year. Let's take a closer look.
First and most importantly, Cardano seems to be off the hook with the Securities and Exchange Commission (SEC). Ever since the SEC brought lawsuits against Coinbase Global (NASDAQ: COIN) and Binance (CRYPTO: BNB) in June 2023, there has been much speculation that the SEC was aiming to classify Cardano as a security.
Source Fool.com
Coinbase Global Inc. Stock
€143.78
2.020%
Our community is currently high on Coinbase Global Inc. with 27 Buy predictions and 14 Sell predictions.
As a result the target price of 183 € shows a positive potential of 27.28% compared to the current price of 143.78 € for Coinbase Global Inc..
