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Home»BITCOIN NEWS»Crypto analysts predict Cardano price will rise 2,000%, reaching $11.
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Crypto analysts predict Cardano price will rise 2,000%, reaching $11.

By Crypto FlexsJanuary 22, 20243 Mins Read
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Crypto analysts predict Cardano price will rise 2,000%, reaching .
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Popular cryptocurrency YouTuber Ben Armstrong shared his optimistic predictions. Cardano (ADA) price. In presenting his predictions, Armstrong also noted the following: Latest ADA Price Predictions It was created by cryptocurrency analyst Ali Martinez.

Armstrong’s Bull Case for Cardano is $11.

in video Posted on his YouTube channel ben armstrong He noted that his upside prediction for ADA is $11. However, the cryptocurrency YouTuber did not share any analysis to support his bullish sentiments. Instead, he only referred to the previous ADA analysis that Martinez shared as part of his research. ADA predictions It reached $7.

In his analysis Martinez We emphasized what the ADA is like. Currently mirroring “Action in late 2020.” He detailed how ADA could reach $7 if history repeats itself. According to him, if that happens, ADA will resume its upward trend in April, and if the pattern continues, the cryptocurrency token will ultimately reach that price level.

Meanwhile, Armstrong is not the only one who believes the price of Cardano could rise to $11. Dan Gambardello, founder of Crypto Capital Venture, previously predicted that ADA would reach this price level at its peak. next bull market. Unlike Armstrong, Gambardello provided deeper insight into why he holds these beliefs.

He explained how Cardano now has more features unlike previous bull markets. This includes features that have enabled the network’s DeFi landscape to grow in 2021 and beyond. The analyst also highlighted The similarities between the developments of Ethereum and Cardano suggest that ADA may mirror the run enjoyed by ETH during the last bull market.

ADA preparing for the next bull market

Gambardello, hinted once The next bull market was scheduled to begin after the game. bitcoin halvingRecently mentioned in X (formerly Twitter) post The bottom line of Cardano is that it is getting information about this event. He highlighted how the ADA cools down before the halving event. According to him, this makes him “very bullish on ADA” as it is likely to prepare for an upturn.

In the meantime, he hinted that ADA could fall 30-40% as it looks to consolidate with Bitcoin and the broader cryptocurrency market. Gambardello is previously mentioned He said he was not worried about ADA’s price action and would still not be worried if ADA falls below its current price level.

At the time of writing, ADA is reportedly trading at around $0.49, down more than 3% in the last 24 hours. data From CoinMarketCap.

ADA price struggles at $0.49 | Source: ADAUSD on Tradingview.com

Featured image from The Cryptonomist, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

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