How High Could Cardano Price Go If NASA & ADA Partnership Is True?

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As a seasoned analyst with over two decades of experience in the tech and finance industries, I have witnessed numerous groundbreaking collaborations that have significantly impacted various markets. While I remain cautiously optimistic about potential partnerships, I must admit the rumored collaboration between Cardano (ADA) and NASA has piqued my interest.

The possible shift in Cardano‘s price trajectory is being fueled by speculation about a potential partnership with NASA. Should this high-profile alliance become reality, it could catapult the cost of Cardano to record-breaking levels.

Discussion arises amid a 1.2% decrease in ADA’s value over the past day. Cardano was priced at approximately $0.3537 during pre-market trading hours in New York, following a 0.4% drop in Bitcoin‘s price which came close to dipping below the $72,000 threshold.

Cardano Price If NASA Partnership With ADA Is True

On October 30th, whispers about a potential collaboration between Cardano and NASA (the U.S. National Aeronautics and Space Administration) swirled within the cryptocurrency world, fueling anticipation among investors about possible increases in Cardano’s value.

Cardano x NASA

Exciting update: It’s being whispered that the team behind @Cardano_CF might be partnering with NASA to develop an innovative project aimed at transforming supply chain management using ADA tokens.

Imagine the possibilities – blockchain tech + space exploration?

This could mark a massive…

— EL (@TheUnpopularEL) October 30, 2024

According to communications from Cardano’s Global Director, Renagh Mooney, it seems that the rumors might hold some truth.

At the recent two-day Cardano Summit in Dubai, I had the opportunity to learn from NASA Systems Engineer Matthew Vaerewyck about the potential of blockchain technology in revolutionizing space mission design and increasing efficiency. His explanation focused on implementing a digital, decentralized tracking system that eliminates intermediaries and significantly reduces costs for multinational organizations involved in these missions.

As a researcher, I find myself intrigued by the impact of a prominent figure’s presence at a summit and his remarks about blockchain’s role in enhancing NASA’s space missions. This may have ignited speculation within the Cardano community about a possible collaboration. Yet, it is essential to note that no explicit mention of such a partnership was made.

Crypto expert Ali anticipates that Cardano (ADA) might start climbing around November 18th. This prediction is based on past price trends of ADA from the year 2020. As per Ali’s analysis, Cardano could reach its peak by September 2025, potentially reaching $6.31 per coin.

ADA Could Hit $22 If A Partnership Is Confirmed

In simple terms, if NASA were to form a partnership with ADA in the future, this could have a substantial impact on the value of Cardano. This collaboration might generate considerable interest from institutions, potentially leading to increased investments flowing into the network.

In simple terms, NASA’s proposed budget for fiscal year 2024, announced on March 9, amounts to $27.2 billion – a significant increase from the 2023 budget of $25.4 billion and a substantial rise from the 2020 budget of $22.6 billion. If the price of ADA were to correspond with this budget growth, each unit of ADA would be valued at approximately $0.76.

Nevertheless, this partnership could have far-reaching implications. If approved, such a massive collaboration might lead to an expedited launch of a Cardano Spot ETF in the U.S., similar to what happened with Bitcoin’s ETF. Given that Bitcoin has risen by 54.98% since its ETF was approved, this could translate to a staggering 6,235% growth for ADA if proportional, putting its price at approximately $22.49 from its current value. This is due to the fact that Bitcoin is 113 times larger than Cardano’s ADA, meaning it would take 113 times less volume to push up the price of ADA compared to Bitcoin.

Cardano Price Analysis: These Are The Levels to Beat

Starting from early 2023, a noticeable upward trendline has been serving as a foundation for price hikes. This line is steadily climbing, hinting at successive lower highs, which points towards the buildup of bullish pressure.

Approximately at $0.80 lies our closest barrier. If we manage to surpass this point, it would suggest a more significant bullish trend, potentially attracting increased buyer activity. Following that, a key objective lies at $3.10, which represents a previous record high as well.

The ascending trendline around $0.35 provides immediate support. A weekly close below this trendline could invalidate the bullish outlook.

The current price of Cardano is being supported temporarily at approximately $0.35, due to an upward trendline. If the closing price for the week falls below this trendline, it may challenge the optimistic perspective for further growth.

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2024-10-31 14:34