Wednesday, May 12, 2021

Analyst: Cardano (ADA) Could Reach $3-$4 in the Medium Term and $30 in the Long Term

There have been bullish predictions around Cardano’s native token ADA over the last couple of days. Many crypto analysts have been observing the price trend of the cryptocurrency and the majority of their predictions have been positive. The successive developments recorded by the blockchain project could also serve as a justification.

Analyst Sees Cardano (ADA) At $30 in the Long Term

A pseudonymous crypto analyst and trader identified on Twitter as “il Capo Of $NOIA” has told his over 70,000 followers that the Cardano (ADA) has the potential to reach $3-$4 in the medium term and $30 in the long term.

Read Also: Cardano Beats Ethereum, Polkadot to Top Blockchain with Highest Development Activity on Github

In a series of tweets with several charts attached for illustration, Capo pointed out that his next target for Cardano (ADA) lies between $0.36 and $0.39 from the current prices.

il Capo Of $NOIA tweeted, “$0.36-$0.39 should be next.”

In the same thread of tweets, the trader stated that ADA looks bullish for the mid and long-term. He then illustrated on the chart provided that Cardano’s native token is poised to reach $3-$4 in the medium term and $30 in the long term.

Read Also: Cardano (ADA) Mary Protocol Update Fully Confirmed For 1st March 2021

il Capo Of $NOIA wrote, $ADA. Ngl, it looks very bullish for the mid and long-term.”

Analyst: Cardano (ADA) Could Reach $3-$4 in the Medium Term and $30 in the Long Term

According to CoinMarketCap, Cardano (ADA) is trading at $1.21 at the time of press, with about a 1% price uptrend in the last 24 hours.

Meanwhile, another top crypto analyst and trader, Michaël van de Poppe, has also been bullish on the price of the digital token ADA.

Read Also: Cardano (ADA) Has Plenty of Room for Growth –Messari’s Ryan Selkis

According to the crypto strategist, ADA/USD and ADA/BTC are currently in the accumulation phase. He said after the current phase, the two pairs could embark on a significant uptrend.

“Once it starts to run, I think it’s going to accelerate significantly and pull another 2x, 3x, 4x from here. And yes, the market is going to be way higher in this cycle than most of you are expecting.”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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