Cardano (ADA) Could Explode by 75%, But Under This Condition (Analyst)
Main Idea
Cardano's native token ADA has experienced volatility, with analysts predicting potential price surges, while its core development team secured $71 million in community-approved funding for protocol upgrades.
Key Points
1. ADA's price surged to $0.93 in mid-July but has since declined to around $0.74.
2. Analysts like Ali Martinez and CryptoBullet predict ADA could rally to $1.30 or even surpass $1.60.
3. TapTools notes similarities between ADA/BTC charts and pre-2021 bull cycle patterns, anticipating a major rally.
4. Input Output Global secured $71 million in ADA funding (74% approval) for protocol upgrades, including smart contract improvements.
5. Tim Harrison emphasized community-driven funding and transparency in advancing Cardano's ecosystem.
Description
TL;DR Analysts predict ADA could surge to $1.30, $1.60, or even a new all-time high above $4, depending on breakout levels. Recently, Cardano’s community approved a $71 million funding proposal designed for network upgrades. The Bullish Targets Cardano’s native token was at the forefront of gains in mid-July, soaring to as high as $0.93. Since then, though, it has been on a downtrend and currently trades at around $0.74 (per CoinGecko’s data). The popular X user Ali Martinez recently argued that...
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