Nick the Crypto Analyst The contributors on the Cheeky Crypto YouTube channel are: Cardano (ADA)The analyst also outlined the factors he believes could propel Cardano’s price to such high levels.
Cardano Could One Day Rise to $38
Nick said in a recent video on the Cheeky Crypto YouTube channel: Cardano He acknowledged that while a rally to $38 is possible in the near future, it's unlikely to happen anytime soon. Technological advances It is considered one of the factors driving crypto tokens to such high prices.
The crypto analyst further added: Criticism of CardanoThis network is Major Chains He believes ADA boasts technology that is built with an eye to the future, which is why he believes it will likely stand the test of time and rise to $38, regardless of how long it takes to reach his price target.
Interestingly, Cryptography expert Jason Appleton He believes Cardano could approach its target price of $38 in the current bull run. Predicted He claimed that the crypto token could hit $32 this market cycle, a price level he claimed was achievable “under the best of conditions by the peak of this bull market cycle.”
Meanwhile, Nick highlighted a range of $5 to $12 as a “conservative” price target for Cardano, and he believes the crypto token could rise to those levels soon, considering that altcoins are set for a big upswing, especially given the rise of Bitcoin and, more recently, Ethereum.
he, Spot Ethereum ETF This could trigger such a move for Cardano and other altcoins. Meanwhile, Nick is optimistic that Cardano will soon have its own ETF following the approval of the spot Ethereum ETF. Nick believes the launch of a Cardano ETF is another factor that could trigger such a rise in the crypto token.
Patience is the key to the game
Crypto analyst Dan GambardelloThe founder of Crypto Capital Ventures suggested in a recent X (formerly Twitter) post: post Patience is key ADA Holders He expects a significant upside from the cryptocurrency token. He reassured investors that Cardano will continue to see a bull run in this market cycle.
The analyst noted that Cardano was in a similar situation during the last cycle, falling 90% from its initial price. All-time high (ATH)However, things quickly turned around and the crypto token enjoyed a 3,000% price rise from $0.10 to $3. He believes Cardano has the potential to see a similar rise, or even more. This cyclenoting that Cardano is now more “secure, decentralized and scalable.”
Featured image created by Dall.E, chart taken from Tradingview.com
