🚨Price Targets for ADA
Capo has published his new analysis.
The manipulation-driven sharp decline seen in the cryptocurrency industry still continues. Despite the aforementioned decline, which lowered the price of Bitcoin (BTC) to $ 30,000, an analyst's statements seem promising.
🔥Can Cardano (ADA) Sustain Its Rise?
Knowing the sharp decline of the Bitcoin price in March 2020 and gaining a reputation in this way, Capo of Crypto is now making a name for itself with its altcoin analysis. In his new analysis, Capo revealed that he expects an attack , especially from Cardano (ADA) , despite the sharp fall in the Bitcoin price .
🔥Crypto Capo has actually been making positive statements about ADA since the beginning of March. In his statement in early March, the analyst emphasized that $ 3-4 levels are possible for the ADA price in the medium term. The ADA, which rose to $ 2.5 before the sharp decline, unfortunately started to decline with the general market.
🔥Ambitious ADA Statement by Famous Analyst
The popular crypto money analyst stated in his latest analysis that he thinks ADA can achieve a parabolic rise and reach up to $ 30 in the long term. ADA is trading at $ 1.40 as of the time this article was written, and has lost 33% in the last 7 days. ADA reaching $ 30 means a 21-fold increase.
ADA's reaching $ 30 could also lead to that to reach a total market value of almost $ 1 trillion. Of course, it may be impossible for ADA to break such a record in an environment where even Bitcoin has a total market value of $ 690 million. However, if there is a general rise in the crypto money market, ADA can reach this goal even by maintaining its fourth place.
🔥Price Targets for ADA
It is seen that the points that the analyst draws attention on the ADA / USDT chart are $ 3, $ 6, $ 13, and the last $ 30, respectively. The Alonzo update by ADA, which will be launched in the summer, can bring the expected $ 3 level if the market improves.
With the Alonzo update, support for smart contracts will officially be created in the Cardano network and developers will be able to develop different applications. Cardano, seen as one of the competitors of the Ethereum network, is expected to become a real competitor with this move. This could set a record for the ADA price