Cardano Price Forecast: If the volume does not return to normal, 2023 could be a lost year for ADA
Cardano (ADA) price has been advancing and looks ready to close January in the green. The only big question or caveat for that is if that will be against the two massive bearish caps that are lying above the price action at the moment on a broader time frame. With the underlying trade volume very thin, it can be debatable if that rally is as strong and supported as many traders would think.
Ethereum Classic (ETC) saw the headwinds that triggered the massive sell-off of 2022 fade a bit to the background in the first weeks of 2023. That resulted in bulls returning to life after a hibernation of almost five consecutive straight months in which bears ruled the price action. Although markets have rallied, from the looks of a broader timeframe that same recovery is just a drop on a hot plate.
Ripple, the cross-border remittance giant is likely to win its legal battle against US financial regulator, the Securities and Exchange Commission (SEC) according to crypto proponent John Deaton. While commenting on Grayscale’s lawsuit against the SEC, Deaton shared his thoughts on the outcome of the SEC v. Ripple case if it passes to the US Supreme Court.
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