This is NOT the first time Cardano (ADA) has EXPLODED. Earlier this week - from December 14th to December 17th - Cardano spiked by an ASTONISHING ~325% (from ~$0.13 on December 14th to ~$0.55 on December 17th). At the time of writing this post, Cardano has risen by ~50% since the beginning of the day (from ~$0.5 to ~$0.75), bringing its Market Cap up to ~$19 Billion.
Cardano's spike has given it a $7 Billion lead over Litecoin's (LTC) ~$12 Billion Market Cap - placing it at #5 on CoinMarketCap.com.
based on technical analysis, if Cardano passes its level of resistance from earlier to day (it reached ~$0.78), then it could close as high as $0.95! However, if it does not break its daily resistance level, then it will likely close below $0.65 and could close as low as $0.55!
That's all for this analysis,
Thank you for reading and Steem on!
~Jack
Remember: This is only my analysis, you should always do your own research as well before making any investing decision! This post is not telling you to buy or sell! Trade at your own risk!