Cardano Price Prediction: Crypto Pundit Forecasts 8,300% Rally To $38, Here’s When
May 30 2024 - 9:00PM
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Crypto analyst Nick of the Cheeky Crypto YouTube channel has
provided an ultra-bullish prediction for Cardano (ADA). The analyst
also outlined factors that he believes could drive Cardano’s price
to such heights. Cardano Could Rise To $38 At Some
Point In a recent video on the Cheeky Crypto YouTube channel, Nick
mentioned that Cardano could rise to $38 at some point in the
future, although he admitted that it won’t be anytime soon. He
highlighted Cardano’s technological advancements as one factor that
could drive the crypto token to such heights. Related Reading:
Shiba Inu Open Interest Explodes 85% Amid 15% Price Jump, Why This
Is Important The crypto analyst further claimed that, despite
criticisms about Cardano, the network is well-positioned to become
one of the leading chains because it boasts a technology built with
the future in mind. As such, he believes that ADA has a good chance
to stand the test of time and rise to $38 no matter how long it
takes to attain such a price target. Interestingly, crypto
expert Jason Appleton believes that Cardano could come close to
this price target of $38 in this bull run. He once predicted that
the crypto token would reach $32 in this market cycle. He claimed
this price level is attainable in the “most prime of conditions by
the peak of this bull market cycle.” Meanwhile, Nick highlighted
the range between $5 and $12 as his “conservative” price targets
for Cardano. He believes that the crypto token could rally to such
heights soon enough, considering that altcoins are well primed for
significant gains, especially given the run that Bitcoin and, more
recently, Ethereum have had. He added that the news around
the Spot Ethereum ETFs could trigger these moves for Cardano and
other altcoins. Meanwhile, Nick is also optimistic that Cardano
will soon have its own ETF following the approval of the Spot
Ethereum ETFs. The launch of a Cardano ETF is another factor he
believes could trigger such rallies for the crypto token.
Patience Remains The Name Of The Game Crypto analyst Dan
Gambardello, the founder of Crypto Capital Venture, suggested in a
recent X (formerly Twitter) post that patience is key as ADA
holders await a significant rally from the crypto token. He
reassured investors that Cardano would still have its bull run in
this market cycle. Related Reading: Shiba Inu Price Prediction:
SHIB Shows Unusually High Strength Against Dogecoin The analyst
noted that Cardano was in a similar situation in the last cycle
when it was down 90% from its all-time high (ATH). However, things
turned around in the twinkle of an eye with the crypto token going
on to enjoy a 3,000% price gain, rising from $0.10 to $3. He
believes that Cardano could make such a run or even better in this
cycle, noting that Cardano is more “secure, decentralized, and
scalable,” this time around. Featured image created with
Dall.E, chart from Tradingview.com
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