Saturday, October 23, 2021
Home Crypto News Analysis Cardano Price Prediction: Top Crypto Analyst Highlighted Main Point That Could Push...

Cardano Price Prediction: Top Crypto Analyst Highlighted Main Point That Could Push Cardano To Reach $5 By 2022

- Advertisement -

The Cardano ecosystem has received some big headlines weakening the bear cycle. There is no doubt that Cardano is a top altcoin, and the crypto community is showing great interest in ADA as the blockchain is on the verge of becoming a smart contract compatible with the Alonzo update scheduled for next month.

Read: Cardano Founder Update On Alonzo


If we look at Cardano ecosystem, there is so much going on. In Cardano Foundation Long Term Plans, foundation announced to Onboard Ten Fortune 500 Companies,1 Billion Users, And 50 Banks in five years.

Read: Cardano Foundation Long Term Plans

Recently Grayscale that is Leader in Digital Currency Investing announced that they have added Cardano to there Crypto trusts and Cardano became the Grayscale third-biggest holding with a 4.26 percent share, only behind BTC and ETH.

Read: Grayscale Adds Cardano To Their Product Family

Also Cardano is the leading the stake able digital assets in front of ETH 2.0, Polkadot and all others, with more than 70 percent of total cardano supply locked in ADA network for staking.

Read: Cardano Gets On The Top Of Stakeable Assets List With More Than 70% Of Total ADA Supply Is Now In Staking

As all eyes have turned to the fifth rank altcoin, popular crypto analyst Nicholas Merten also turned his attention towards Cardano. Nicholas Merten also known as DataDash is a well know You tuber with above 462k YouTube followers. He has been in crypto since early 2012 and is widely known for his crypto analysis.

Merten, in a recent Youtube video, “Cardano | Is It Set For A Supercycle?” identified one critical catalyst that he says should push Cardano to new all-time highs.

stromgain

According to Merten, Cardano strong price surge is just one bullish catalyst away:

“Gotta say, this chart (ADA/USDT) looks good, and it shows me in this general case that over the next couple of weeks to the next two months that there’s going to be some catalyst that’s going to carry price higher.”

Merten said that the bullish point that will push ADA price to a new all-time high is the completion of Goguen. The Goguen update enables Cardano to integrate smart contracts capability. According to Merten, this is a highly-anticipated development that can push Cardano to greater heights against USD, BTC, and ETH.

Read: Cardano Price Analysis: ADA Bulls Need To Show Up As Bears Are Defending $1.45 Resistance

He said:

“So with this potential launch in August, this is the perfect macro-catalyst to leapfrog all of these charts, to get market dominance climbing up to higher single digital territory, to get ADA/ETH starting to build up for that next breakout to revisit those highs and maybe claim an even higher point in the ratio. ADA is climbing to $3, even as high as $5, into the later stages of the bull market.” 

stromgain

He further said:

“This is probably the most conservative element here if we’re just following the higher lows and higher highs for the dollar chart.”

He also highlighted that investors have a deep interest in Cardano and are waiting anxiously for Cardno to perform.

“Now it’s finally time to see the materialization of that hard work. It is, in my opinion, now or never. Cardano is in the spotlight here. It’s got a lot riding on it, and investors are waiting to see it.”

Watch Video:

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Transient Raises $1.2 Million in IDO Public Sale to Build the Amazon of Smart Contracts

Tortola, British Virgin Islands, 22nd October, 2021, Transient Network, a Smart Contract Global Marketplace, is thrilled to announce that it has raised $1.2 million...

Binance Smart Chain Is Bringing Fee-Burning Mechanism Like Ethereum

The Binance Smart Chain (BSC) has published a proposal to improve the BEP-95 ecosystem, This new mechanism will be similar to the Ethereum chain...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.