| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
David Gokhshtein, a well-known advocate for Dogecoin (CRYPTO: DOGE), recently expressed his admiration for Cardano (CRYPTO: ADA), attributing it to his long-standing interest in the cryptocurrency.
What Happened: Gokhshtein, the founder of Gokhshtein, took to social media platform X formerly known as Twitter to voice his support for ADA. “I've always been a big fan of $ADA. That didn't just happen overnight. You either love Cardano or not,” he wrote.
Why It Matters: Earlier, Gokhshtein had predicted a significant rally for both Dogecoin and Shiba Inu (CRYPTO: SHIB), another popular cryptocurrency. His tweet read: “I still believe that $DOGE and $SHIB will make tremendous comebacks as well.”
On the same day, major cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), rose following a dovish stance from the U.S. Federal Reserve. This development could indicate a broader shift in the market, potentially impacting altcoins like ADA.
Meanwhile, meme coin Floki Inu witnessed a 75% rally after announcing a sports partnership. This rally, along with other recent market movements, could signal a changing landscape for altcoins and their potential for growth.
However, Bitcoin’s potential downturn due to increasing profit-taking could also impact the broader cryptocurrency market, including altcoins like ADA.
Tracking Cardano’s Performance: As of the time of writing, Cardano is trading at $0.6273, according to the data from Benzinga Pro, marking a 69.04% increase over the past year.
In comparison, Bitcoin, the largest cryptocurrency by market cap, is currently trading at $65,528.96, reflecting a 132.88% increase over the same period. Ethereum has seen a 93.29% increase in value over the past year, while Dogecoin has surged by 100.80% during the same timeframe.
Image Via Shutterstock
Engineered by Benzinga Neuro, Edited by Kaustubh Bagalkote
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
