EddieJayonCrypto
1 Jul 24
Polkadot (DOT) and Cardano (ADA) prices have surged over 5% in the last 24 hours following news of a Polkadot-Cardano interoperability bridge. Analysts predict further gains for DOT and ADA, with DOT targeting a range of $7.5 to $8.75. DOT has seen over 14% growth in the last seven days, while ADA h...
Polkadot (DOT) and Cardano (ADA) prices have surged over 5% in the last 24 hours following news of a Polkadot-Cardano interoperability bridge. Analysts predict further gains for DOT and ADA, with DOT targeting a range of $7.5 to $8.75. DOT has seen over 14% growth in the last seven days, while ADA has registered an 8% increase. Polkadot (DOT) and Cardano (ADA) have gained significant attention in recent days, reflected in their market values. DOT and ADA are among the top performers in the last 24 hours, posting over 5% gains. This intraday surge has further boosted their weekly gains, with DOT boasting over 14% growth in the last seven days while ADA has registered an 8% increase. The surge followed news of a Polkadot-Cardano interoperability bridge. The proposed partnership aims to foster greater interoperability between the two ecosystems, allowing users to transfer assets across networks. The proposal has received overwhelmingly positive reactions from community members. The host of the Discover Crypto channel attributed Polkadot and Cardano’s strong performances to a recent update regarding the partnership between the two blockchains. A representative from the uniFire ecosystem shared on the Polkadot forum that Cardano submitted a proposal to develop a light client and NFT swap bridge, enabling seamless interactions between the Cardano and Polkadot networks. Analysts believe that both Polkadot and Cardano holders are well-positioned to realize even more positive returns than seen within the past day. For DOT, a short-term target price range of $7.5 to $8.75 has been proposed. Separately, analyst Michaël van de Poppe argued that Polkadot will likely follow the upward trajectory of leading altcoin Ethereum, asserting that DOT is one of the most undervalued crypto assets with significant upside potential. As for Cardano, market analysts are similarly unanimous about a bullish future. An analyst recently suggested that Cardano’s re-entry to the $0.42 region would confirm the arrival of the bulls, targeting $0.75. ADA briefly exceeded the $0.40 mark, with its intraday high at $0.4018.