Cardano for $ 30? Analysts forecast upcoming ADA targets – Explica .co – Explica
Cardano (ADA) is considered to be one of the most promising blockchain projects and could take a big leap in the coming years, at least according to a famous analyst.
Well-known cryptocurrency trader @CryptoCapo even predicted that the Cardano network’s native token could one day reach $ 30.
The famous analyst is very optimistic about Cardano. In a post, he made his more than 130,000 Twitter followers aware of how promising ADA appears to be:
“Kind reminder in case you forget how optimistic ADA sounds.”
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As highlighted in the graph shared by the trader, there are two potential targets for ADA. The first would be between $ 3 and $ 4 prices in the short and medium term.
The second would be a long-term projection, with the probability that the token will hit the incredible 30 mark Dollar.
This would symbolize an increase of more than 1,750%. While the ADA has come a big step closer to this milestone, it’s worth noting that Cryptocurrency has appreciated more than 10,000% in value since early 2020and jumped from about $ 0.02 to its all-time high of $ 2.45.
CryptoCapo is so confident about Cardano’s future success that it has even announced it has sold 75% of its equity to Ethereum (ETH), which could also rise this year to purchase more ADA tokens.
He also believes ADA has the potential to become the second largest cryptocurrency in the world by market value.
ADA needs to regain significant support in the short term
Valdrin Tahiri underlines this in an exclusive BeInCrypto analysis ADA has been in a downtrend since May 16after hitting its all-time high.
On Tuesday, June 8th, the cryptocurrency ended below an uptrend line that has been used as support since May 20th, down from $ 1.40.
Despite the recovery observed over the past 24 hours ADA would have to reset above $ 1.70 to regain that line as price support. and go back to make new highs.
At the end of this report, the token was trading at $ 1.60.
The Post Cardano at $ 30? Analysts projecting ADA’s upcoming goals were first seen on BeInCrypto.