Binance founder Changpeng Zhao (CZ) poked holes at degens over the rush for quick and easy gains in the cryptoverse. CZ says pitching tents with credible projects is a better investment strategy in the long term for investors in the space.#
A Fortune Is Spent Investing In Shady Projects, Says Binance Founder
CZ has taken swipes at “degen” activity in cryptocurrency circles following a string of high-profile rug pools. According to the Binance founder, investors are sinking in massive fortunes to clutch at quick rewards in the ecosystem.
The Binance founder disclosed on X (formerly Twitter) that investors rarely recoup their funds in the pursuit of quick gains. Degens typically invest in low-cap tokens and memecoins, aping into leveraged positions without proper research.
CZ advises investors to turn their gaze to “ethical teams” building projects for long-term growth, rather than short-term hype. Investors chasing trends and hype have lost a fortune in rug pulls, liquidity drains, and exit scams. The US SEC has disclosed that memecoins are not securities, urging investors to be wary of speculative investment in the asset class.
“In crypto, too much money is spent chasing small, quick gains,” said CZ. “Focus on ethical teams that build for the long term. Big money is built slowly with stamina.”
While the Binance founder did not expressly mention credible crypto projects, his comments allude to teams with established members and communities building projects with real utility.
CZ Offers Suggestions on Tokenomics For Crypto Projects
The Binance founder has offered suggestions for crypto project tokenomics designed to reduce rug pulls. According to CZ’s plan, only 10% of tokens will be unlocked while the remaining tokens will require the fulfillment of strict conditions before an unlock.
Under the proposal, issuers will unlock new tokens after every six months with only 5% of tokens allowed to be unlocked. CZ’s tokenomics plan will rely on smart contracts to control the vesting schedule and third parties to hold the keys.
CZ has since rolled out support for victims of BROCCOLI and TST memecoin crashes, raising over $1 million in cryptocurrencies. The Binance founder says that AI projects can leverage L1 and L2 blockchains to achieve efficiency and decentralization objectives.
Bitcoin’s price has taken a sharp hit, dropping 4% in the past 24 hours and leaving investors worried. The global crypto market lost nearly $99 billion in just 24 hours, bringing the total market cap down to $2.89 trillion. But what is causing this sudden Bitcoin drop? Here’s the key reasons behind the recent market drop.
Uncertainty Over U.S. Government’s Bitcoin Plans
One major reason for Bitcoin’s decline is the significant Bitcoin initially surged to $92,000 following President Trump’s announcement of a U.S. Strategic Bitcoin Reserve. However, the market quickly turned bearish after realizing the executive order did not clarify how the government would acquire more Bitcoin.
The uncertainty surrounding whether the U.S. will buy more Bitcoin or just hold onto its seized BTC has left investors skeptical. Some experts, like Peter Schiff, believe the lack of clear accumulation plans could hurt Bitcoin’s long-term growth.
Bitcoin ETFs See Heavy Outflows
Another reason for Bitcoin’s drop is the significant outflow from Bitcoin spot ETFs. According to Farside data, Bitcoin spot ETFs recorded a massive outflow of $134.3 million. This came right after a day of positive inflows, where Bitcoin ETFs saw $22.1 million entering the market.
Leading the outflows was BlackRock’s iShares Bitcoin Trust (IBIT), which saw a $50.6 million outflow, followed by Grayscale Bitcoin Trust (GBTC) with $34.5 million and Franklin Templeton’s fund with $18 million in outflows.
No other major ETF recorded a net inflow, indicating strong selling pressure from institutional investors.
Market Liquidations Increase Selling Pressure
Apart from the spot Bitcoin ETF Outflow, increasing market liquidations is leading to massive selling pressure. In the last 24 hours, traders lost a total of $531 million, with long traders suffering the most. Long positions accounted for $398.3 million of these liquidations, while short traders faced $133 million in losses.
A total of 152,576 traders were affected by these liquidations, with the largest single liquidation occurring on Bitfinex’s BTC/USDT pair, valued at $15.40 million. As long positions get wiped out, the selling pressure increases, pushing Bitcoin’s price even lower.
Bitcoin Struggles to Hold Key Support
Lastly, bitcoin technical analysis suggests that BTC is struggling to hold its key support level as of now it is trading just below its key support level of $89,041. If it fails to reclaim this level, further declines toward $85,000 or even $82,761 could occur.
However, if Bitcoin manages to flip the $90,800 resistance into support, it could attempt a recovery toward $93,625.
The post Why Is Bitcoin Price Dropping? Key Reasons Behind the Sudden Crash appeared first on Coinpedia Fintech News
Bitcoin’s price has taken a sharp hit, dropping 4% in the past 24 hours and leaving investors worried. The global crypto market lost nearly $99 billion in just 24 hours, bringing the total market cap down to $2.89 trillion. But what is causing this sudden Bitcoin drop? Here’s the key reasons behind the recent market …
The crypto market concludes another week with unprecedented developments sparking investor enthusiasm. A strategic Bitcoin reserve was announced in the U.S., whilst a crypto stockpile and summit followed. Simultaneously, despite the optimistic developments, BTC and major-league altcoins continued encountering market volatility.
Mentioned below are some of the most buzzworthy market updates reported by CoinGape over the past week.
Crypto Market This Week Sees US Bitcoin Reserve & Crypto Stockpile
U.S. President Donald Trump announced a strategic Bitcoin reserve for America this week. This reserve is expected to encompass roughly 200,000 Bitcoins, which are currently held by the government through the cessation of funds involved in criminal and illicit activities.
Intriguingly, Scott Bessent and Howard Lutnick have been appointed officials who will focus on potential resources to help the reserve acquire more BTC ahead. Trump revealed that these BTC coins are also not to be sold ahead, offering the reserve more value.
Further, the nation expects to see a ‘crypto stockpile’ comprised of assets like Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP ahead, per Trump’s announcement. The main difference between the two sagas is that while the government will put efforts into acquiring more BTC, no active efforts for upsizing the crypto stockpile are to be made. Altogether, these were the major pro-crypto advancements in the U.S. this week.
Crypto Summit: What’s The Scoop?
Simultaneously, the cryptocurrency market saw a White House crypto summit this week, which was hosted by President Donald Trump and Crypto Czar David Sacks.
Notably, Trump showcased strong efforts to end “Operation Chokepoint 2.0,” which has been putting regulatory pressure on banks, leading them to close accounts of crypto businesses. Further, the 47th U.S. President continued reflecting strong support for cryptocurrencies, hinting that the government’s stance is primed to be more favorable for digital assets ahead.
Overall, the Bitcoin reserve announcement, crypto summit, and a crypto stockpile launch ahead have sparked noteworthy market optimism.
Bitcoin & Altcoins Still Volatile
However, despite the broader developments this week, BTC and major league altcoins face crypto market turbulence.
BTC price closed the week near $86K after riding a rollercoaster in the past seven days. ETH price lost nearly 2% and closed the week near $2,200. XRP price also faced turbulence and exchanged hands at $2.32 as the week closed, up by only 3% in 7 days. Lastly, SOL price lost 3.5% weekly and rested at $138, in line with the broader market trend.
The live price of the Cardano token is $ 0.88222552.
ADA coin price could reach a potential high of $2.62 in 2025.
Cardano’s price, with a potential surge, could go as high as $10.32 in 2030.
The crypto market experienced a strong bullish price action during Q4 2024. This resulted in the Bitcoin price achieving a new ATH. Moreover, with the highly anticipated AltSeason around the corner, the altcoin market is projected to achieve a new high in 2025.
Are you considering buying Cardano this month before the altcoin season begins? Or, are you wondering, “Is Cardano a good investment?” or “Will Cardano reach $10?”
Check out our detailed Cardano price prediction 2025, 2026 – 2030 for all your FOMOs and FUDs.
The year 2025 could signal growth for ADA crypto, with prices potentially heading toward a new ATH. Notably, with the pro-crypto motive of Donald Trump, the President of the United States of America, the altcoin market is set to record a new high in 2025.
Moreover, with increased adoption and rising bullish sentiment, the Cardano price may achieve an annual high of $2.62. However, a bearish price sentiment could result in this altcoin concluding the year with a potential low of $1.81.
Considering the present market statistics, the average price of the ADA token could settle around the $2.10 mark for that year.
Moving into 2026, ADA’s potential price is foreseen to elevate further, ranging between a low of $2.76 and a high of $3.30. The average price during this period could stand at $3.03.
Cardano Price Targets 2027
The analysis suggests a further surge in Cardano’s value by 2027, with the price potentially hitting between $4.56 and $5.03. The average price during this period could stand at $4.79.
ADA Price Forecast 2028
In 2028, ADA’s price could rise to fall between $5.29 and $5.73, with the average price standing at $5.51.
ADA Price Analysis 2029
By 2029, Cardano’s price is projected to rise between $6.68 and $7.79, with the average price reaching $7.235.
Cardano Price Prediction 2030
Finally, by 2030, Cardano’s price is predicted to soar between $9.12 and $10.32, with the average price potentially standing at $9.72.
Based on the historic market sentiments, and trend analysis of the altcoin, here are the possible Cardano price targets for the longer time frames.
Year
Potential Low ($)
Potential Average ($)
Potential High ($)
2031
10.45
10.92
11.39
2032
13.96
14.33
14.71
2033
17.64
18.63
19.63
2040
34.27
51.80
69.33
2050
128.14
228.85
329.56
Market Analysis
Firm Name
2025
2026
2030
Changelly
$1.12
$0.785
$3.54
Coincodex
$2.23
$0.793
$1.49
Binance
$0.930
$0.976
$1.187
*The aforementioned targets are the average targets set by the respective firms.
CoinPedia’s Cardano (ADA) Price Prediction
Assuming that Cardano continues to focus on the network’s upcoming updates, we can expect a wider adoption rate. Moreover, with the upcoming bull run and the new altcoin season, Cardano is all set to reach unprecedented heights.
We expect the ADA price to reach $2.62 in 2025.
Year
Potential Low ($)
Average Price ($)
Potential High ($)
2025
1.81
2.115
2.62
Coinpedia’s Price Analysis provides you with the latest content on the recent market trend that enables you to get closer to the price movements & actions of the various cryptocurrencies.
FAQs
How high can Cardano go by the end of 2025?
According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.62 in 2025.
If you had invested $100 in Cardano in 2020, what would it be worth now?
Assuming the best case is that you invested in Cardano in January 2020, your investment would have increased by 3,113.09%. In short, for every $100, you would have made an extra $3,213.09.
What is the price of one ADA token?
At the time of writing, the price of 1 Cardano ADA token was $0.8779.
Is Cardano a good investment in 2024, amidst newer higher-performing entrants?
Cardano is an underrated investment and has a high chance of performing in the next couple of years, considering the plethora of applications.
Is it worth staking your Cardano?
If you are holding your ADA tokens for the long term, there is no downside to staking all of it.
Is Cardano dead?
Cardano is not dead, as it is witnessing major developmental upgrades, which could boost ADA’s price in the near future.
Can Cardano overtake Ethereum?
Even the most bullish of Cardano supporters acknowledge that Cardano will only potentially surpass Ethereum within 18 to 20 years.
How much would the price of Cardano be in 2040?
As per our latest ADA price analysis, the Cardano could reach a maximum price of $69.33.
How much will the ADA coin price be in 2050?
By 2050, a single Cardano price could go as high as $329.56.
ADA
BINANCE
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Story Highlights The live price of the Cardano token is . ADA coin price could reach a potential high of $2.62 in 2025. Cardano’s price, with a potential surge, could go as high as $10.32 in 2030. The crypto market experienced a strong bullish price action during Q4 2024. This resulted in the Bitcoin price …
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