A crypto trader has predicted that Bitcoin will hit the $16,000 region if Vice President Kamala Harris is elected in November.
Although completely decentralized, macroeconomics, such as government policies, usually affect Bitcoin. According to a trader, the next US president will drastically affect the price of Bitcoin.
In an X post, Mister Crypto predicted that Bitcoin would see new lows if the current vice president, Kamala Harris, wins the November US elections. The trader posted a chart with an arrow pointing to the $16,000 region.
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Bitcoin last reached the $16,000 region during the 2022 market crash. The Terra clash and FTX’s bankruptcy filing saw Bitcoin bottom at $16,463 in November 2022. Since then, it has surged over 360% to trade at $59,448 at the time of writing.
Why Dump?
The fear of a Bitcoin dump if Harris becomes the next US president is tied to his involvement in the current administration. The cryptocurrency sector saw one of its harshest regulatory environments under the Biden-Harris administration.
There were no clear regulatory guidelines for crypto firms to adhere to; hence, the US Securities and Exchange Commission (SEC) imposed sanctions at will. The US top regulatory body recently served a Wells notice to OpenSea, a non-fungible token (NFT) platform for selling unregistered securities.
What frightens the digital asset community the most is the Biden administration’s lackluster attitude toward the sector’s pleas. The government had not made much effort to regulate the industry or checkmate the operations of the Gary Gensler-led US SEC.
Any Hope?
Although seen at this point as part of a ploy to win the sector’s votes, Harris seems to have started recognizing the crypto community. The Crypto Basic reported earlier that the vice president’s advisor said she is committed to seeing the cryptocurrency sector thrive if elected.
The recognition of the sector and a promise to regulate the industry may be a sign that digital assets could blossom if Harris wins the election. However, as Cardano founder Charles Hoskinson pointed out, the promises were without a clear path to actualization.
Notably, Bitcoin is a digital asset that has grown despite resistance. The currency has also recently gained traction and institutional adoption despite the regulatory clampdown. As a user responded to the price prediction from Mister Crypto, Bitcoin has danced through worse and would rally regardless of who the president is.
The team behind the Shiba Inu ecosystem invites developers to join the ecosystem by building on the prominent Layer-2 scaling solution, Shibarium.
Shibarium’s official X handle issued the notice yesterday, informing developers that they could start building on the blockchain using Shiba Inu Developer Portal (ShibDev).
The platform offers essential tools and services to make development processes on Shibarium easier and more convenient. Some of the essential tools on ShibDev include node access, API management, faucet, and on-chain data, among others.
In a follow-up tweet, Shiba Inu’s marketing specialist Lucie also urged developers to take advantage of this “comprehensive suite of tools” to start building on Shibarium.
The marketing lead emphasized that the resources on ShibDev are suitable for developers of all experience levels, regardless of whether they are new to creating decentralized applications (dApps) or developing more complex projects.
Shiba Inu Launches ShibDev
The invitation follows the official launch of the portal. Commenting on the development, the team behind Shibarium told The Shib Daily that the platform would provide the relevant tools to streamline dApp development for both Web2 and Web3 developers building on the L2 blockchain.
With ShibDev, the team aims to help developers build stellar products, integrate them into the Shiba Inu ecosystem, and promote the network’s overall growth.
Shibarium Adoption Could Soar
Meanwhile, Shiba Inu’s invitation to developers could bolster the number of decentralized applications on the L2 blockchain. Hence, Shibarium’s user base would skyrocket massively as more dApps are deployed on the network.
At press time, Shibarium boasts a total transaction of 418,129,632 (418.12 million) and a daily transaction count of 5,210. This represents a plunge of 81.83% from the daily transaction count of 28,680 recorded on August 20.
As the team simplifies the process of building dApps on Shibarium, the network is likely to see increased adoption, leading to a spike in transaction count.
On Thursday, hackers hijacked the Twitter account of French football star Kylian Mbappé, using it to promote a fraudulent token named MBAPPE.
This incident marks yet another instance of high-profile social media accounts exploited to execute crypto scams. Following the hack, the market value of the MBAPPE token surged briefly before crashing, leaving some investors in profits and others in financial peril.
Within minutes of the promotional tweets, the market cap of the MBAPPE token skyrocketed, reaching tens of millions. However, this spike was short-lived as the token’s value plummeted to zero, resulting in significant losses for many investors.
Among those who managed to profit, a user reportedly invested 2 SOL, approximately $286, and sold at the token’s peak, securing a remarkable return of around 1,398 SOL, equivalent to $200,000.
French football star Kylian Mbappe's Twitter account was hacked and released the token MBAPPE, which has now been deleted. The market value of MBAPPE tokens surged to tens of millions in a few minutes and then quickly returned to zero. A user bought 2 SOL (about $286) and sold it…
Another trader, who frequently invests in meme coins, achieved a 4,330x return by spending 0.2 SOL, around $29, on MBAPPE and selling it just three minutes later for 866.13 SOL, roughly $125,160.
Substantial Losses Amidst Brief Profits
Despite the few who profited, an investor faced severe financial losses as the MBAPPE token’s value crashed. A notable example is an investor who created a new wallet to invest 7,156 SOL, worth $1.03 million, into the token.
Someone created a new wallet and spent 7,156 $SOL($1.03M) to buy a #MEMEcoin named $MBAPPE in a single transaction, which is now only worth $9.2K.
Within an hour, the value of this investment dwindled to a mere $9,200, a massive loss. The MBAPPE token utilized Solana-based meme coin deployer Pump.fun, a platform known for its simplicity in launching meme coins.
Pattern of High-Profile Hacks Continues
This incident is part of a broader pattern of high-profile social media accounts being compromised for cryptocurrency scams. In previous years, Mbappé’s account was hacked to promote Bitcoin, misleading followers with promises of quick profits.
Recently, other celebrities, including actress Sydney Sweeney and pro-XRP lawyer John Deaton, have also fallen victim to similar hacks, resulting in the promotion of fraudulent tokens like SWEENEY and LAW.
Investors holding 50 million, 100 million, or 500 million Shiba Inu tokens will record significant gains if SHIB surges to a lofty target of $0.000528.
The broader market collapse has continued to have a bearish impact on Shiba Inu’s (SHIB) performance, triggering a massive fall below the $0.000015 threshold.
At press time, SHIB trades at $0.00001466 per token, representing a decline of 6.3% over the past 24 hours. Similarly, SHIB has witnessed a decrease of 14.65% in the weekly charts. Additionally, the dog-themed token has plunged 10.9% since the beginning of August 2024. Shiba Inu’s bearish performance in August follows a 7.47% loss recorded in the previous month, according to data from CryptoRank.
SHIB’s Potential Rally to $0.0005
Despite the recent plunge, market watchers are still optimistic about a potential price increase for SHIB. Multiple projections suggest that the token could surge to the $0.0005 threshold in the future.
Earlier this month, The Crypto Basic forecasted that SHIB could rally to $0.000528 if it maintains its correlation with Ethereum and ETH hits a target of $100,000.
Notably, the research arm of crypto trading platform Changelly forecasted that SHIB would not reach the $0.0005 territory until 2033. Interestingly, leading artificial intelligence (AI) chatbot Google Bard (now Gemini) expects SHIB to hit the $0.0005 mark sooner between 2025 and 2026.
To reach the $0.000528 mark as projected by The Crypto Basic, Shiba Inu must rally 3,501% from its current price of $0.00001466.
Worth of 50M, 100M, or 500M SHIB If Price Hits $0.000528
Based on these projections, we recently analyzed how much a holding of 50 million, 100 million, or 500 million SHIB will be worth if Shiba Inu eventually hits the ambitious target of $0.000528.
The good news is that the recent market downturn presents an opportunity for investors to acquire SHIB at discounted prices.
Therefore, with Shiba Inu priced at $0.00001466, 50 million SHIB is currently worth $733. Interestingly, if the price of SHIB increases to $0.000528, the value of these 50 million tokens will increase to $26,400.
In addition, investors can acquire 100 million SHIB at $1,466 today. If the price of SHIB surges to $0.000528, the value of these 100 million tokens would potentially increase to $52,800.
Furthermore, purchasing 500 million at the current price would cost an investor $7,330. However, if SHIB successfully hits the $0.000528 mark, the value of these 500 million Shiba Inu tokens would increase to $264,000.
Will Toncoin (TON) price surge back to the $6 level as Durov’s arrest releases some pressure amid the volatile market?
With Bitcoin trading below $60,000, Toncoin’s price has been fluctuating in response to the ongoing legal issues faced by Telegram’s CEO, Pavel Durov, in France. Durov was arrested last Saturday but has since been released on bail set at $5.56 million. This development has alleviated some of the bearish pressure on Toncoin, potentially increasing its chances of an uptrend.
Can Toncoin reclaim the $6 level following Durov’s release?
Toncoin Strongly Holds $5
Following the massive three-day drop of 23.43% due to Pavel Durov’s arrest in France, the Toncoin took a massive reversal from an overhead trendline. The downfall found support at the $5 psychological mark, resulting in a positive turnaround. Standing at a crossroads, will Toncoin bounce back?
With the bullish exhaustion, the TON price jumped 6.04% on Tuesday, followed by a 1.47% jump yesterday. The price jump yesterday aligns with Durov’s bail by spending an amount of $5.56 million.
Toncoin Price Chart
Following the bail, Toncoin has increased by 0.72% today as it is trading at $5.56, forming the third consecutive bullish candle. However, Toncoin struggles to overcome the influence of the massive 11% crash on Monday.
As the bullish recovery is slow, despite the bullish recovery being slow, the technical indicators support the upside chances.
With a bullish divergence in the daily RSI line, a double-bottom reversal is possible. Meanwhile, the MACD indicator reveals a slight decrease in the intensity of the bearish histograms, projecting a potential bullish crossover.
Is Toncoin Ready For Recovery?
A double-bottom reversal from the $5 psychological mark is possible. However, the $5.94 resistance level will be critical for the TON prices to surpass. A bullish breakout will test the overhead resistance trend line.
Meanwhile, the volatility will be high with the ongoing proceedings in the Durov case. Despite being released from custody, Durov will have to appear in court, leading to increased fluctuations. On the flip side, the support levels are at $4.86, $4.34, and $3.56.
Xena, a prominent figure in the XRP community, has challenged the popular belief among some community members that Donald Trump needs to be re-elected for XRP to reach new heights.
Supporters of the idea that Trump’s influence could boost XRP often cite his strong pro-crypto stance. Trump has repeatedly stated publicly that he aims to make the U.S. a global hub for crypto. He has also hinted at mining Bitcoin in the US more than in any other country in the world. They believe his presidency would create a more favorable regulatory environment for crypto businesses, potentially leading to significant gains for assets like XRP.
Trump’s potential impact on crypto was evident last month when he delivered a pro-Bitcoin speech at the 2024 Bitcoin conference. Bitcoin, which traded at a low of $65K on the eve of his presentation, rallied to approximately $70K by July 27. This surge also boosted the altcoin market, with assets like XRP advancing significantly.
According to XRP community figure Chad Steingraber, Trump’s election as U.S. president could drive XRP to $40. Moreover, Steingraber stated that nothing significant is likely to happen for XRP until 2025, assuming Trump wins.
Trump Not Needed for XRP to Rise
However, not everyone agrees with Steingraber’s assessment. Xena, another community member, has disputed this idea, dismissing it as a myth. She argued that both Trump’s and Biden’s presidencies have been “eye-openers” for Ripple but not necessarily beneficial.
She referenced statements from Ripple’s chairman, Chris Larsen, who has reportedly noted that neither the Trump nor Biden administrations have positively impacted the crypto space, especially considering that the Ripple lawsuit began during Trump’s first term.
Xena pointed out that, regardless of the election outcome, Ripple and XRP have already achieved significant progress with their legal victories. She emphasized that Ripple’s future is not dependent on the next U.S. president and that the next administration will unlikely hinder crypto innovation. Essentially, Ripple is now positioned to move forward.
Xena stressed that Trump’s re-election is not a prerequisite for XRP’s price increase or Ripple’s continued success. She reiterated that this belief is mythical, and the only requirement for XRP’s progress was the lawsuit victory, which has already been achieved this month.
Notably, many XRP proponents have expressed agreement that XRP will dominate regardless of who becomes U.S. president.
Shiba Inu lead developer Shytoshi Kusama expresses enthusiasm for the rebranding of Shiba Eternity’s official X handle.
In an X post yesterday, @ShibaEternity disclosed that it has evolved to @PlayWithShib to focus on the Shiba Inu gaming community. The handlers of the rebranded Shiba Eternity X account urged Shiba Inu gamers to follow the account for more updates relating to Shiba Inu games.
Shiba Inu Lead Reacts
Reacting, Shiba Inu’s lead developer characterized the rebranding as an epic move, indicating that the evolution is a positive development. He expressed excitement about the initiative using the phrase “Games Galore and more! LFG.”
For context, the Shiba Inu ecosystem team created @ShibaEternity (now PlayWithShib) in July 2022. At the time, the X account focused on the Shiba Eternity game, which initially launched in October 2022. Four months after Shiba Eternity’s mobile launch, the account became inactive for over a year and broke its silence on July 16, 2024.
Since resuming activities on X, the account has announced the commencement of Shiba Eternity closed beta testing, among other things.
Reason Behind the Rebranding
Meanwhile, the team plans to expand the Shiba Inu gaming ecosystem beyond Shiba Eternity. Angel, the lead of Shiba Inu Games, revealed the development in June, emphasizing that the move would connect developers, creators, and gamers on Shibarium.
Some of the Shib Games include Agent Shiboshi and Shiboshi Rush. The team recently launched Agent Shiboshi for Android users, with the iOS version expected to be released soon.
Shiboshis are now field agents in Agent Shiboshi! 🕶️🐾
Defeat the shadowcats and save the world in this hyper casual adventure!
With the team planning to launch more games, it decided to rebrand Shiba Eternity’s X account to focus on the cryptocurrency’s overall gaming ecosystem. This allows it to share all Shib Games’ updates from one account instead of creating separate handles for each game.
In the meantime, the Shibarium version of Shiba Eternity is still in closed beta testing. Gamers who wish to participate in the closed beta are required to stake their LEASH tokens on ShibaSwap.
The crypto market has seen its share of bold predictions, and XRP is no exception, with experts setting daring price targets.
Several analysts have recently outlined ambitious price predictions for XRP, suggesting it could soar to $150, $333, or even $587. These projections are based on distinct technical analyses, each highlighting potential catalysts for such significant growth.
XRP to $150
Last month, market analyst Javon Marks noted that he sees a potential for XRP to achieve a dramatic increase in value. According to him, this dramatic increase could lead to a $150 price.
Notably, Marks’ analysis stemmed from XRP’s price history and a technical pattern that has developed over several years. After reaching its all-time high of around $3.3 during the 2017-2018 bull run, XRP entered a lengthy consolidation phase.
Marks pointed to this descending triangle as a key factor. Within this larger pattern, a smaller symmetrical triangle has formed, indicating a tightening of the trading range. Marks believes this setup suggests a breakout is near.
The recent test of the descending triangle’s upper boundary could signal the start of a significant upward movement. Should XRP break out as Marks anticipates, the price could surge by over 41,000%, potentially reaching $150.
XRP to $333
Also in July, another analyst, Dark Defender, set his sights on an even higher target of $333. Dark Defender, who previously predicted price levels of $3, $5, and $18, believes these milestones are just the beginning.
His analysis was based on XRP’s ability to break through key resistance levels, which he argued could pave the way for much higher valuations.
Despite some skepticism from the broader market, Dark Defender maintained confidence in his $333 prediction. He pointed out that reaching this level would require XRP to overcome significant resistance and maintain its upward momentum.
However, with a circulating supply of 55.9 billion tokens, achieving this price would imply a massive market cap. This raised questions about the practicality of such a target.
XRP to $587
Meanwhile, the most daring prediction came from a Bitcoin analyst known as Flash, who forecasted on July 24 that XRP could rise to $587.
Flash based his prediction on an analysis of XRP’s weekly chart, which has shown a symmetrical triangle pattern forming since the peak of $1.96 in 2021. He argued that XRP is currently breaking out of this pattern, as evidenced by the formation of larger green candles on the weekly chart.
Flash suggested that this breakout could lead to a nearly 100,000% increase in XRP’s price, driving it to $587. This prediction met pessimism among market participants, as such a price surge would be unprecedented.
At the reporting time, XRP currently trades for $0.6009, struggling to maintain a position above the $0.60 price territory amid market uncertainty.
In 2024, the crypto market’s volatility was driven by a number of events. The SEC’s approval of the Ethereum ETF and the Bitcoin ETF was one of the most significant developments. Additionally, the Bitcoin halving, the Ethereum Dencun upgrade, compensations to Mt. Gox victims, geopolitical tensions, and macroeconomic factors have all contributed to the market’s uncertainty and forced investors into a wait-and-see mode.
Trust in Bitcoin, however, continues to grow. Michael Saylor, the executive chairman and co-founder of MicroStrategy, stated that he has not sold any of his assets. He described Bitcoin as “a great investment asset for individuals, families, institutions, corporations and even countries.” Furthermore, Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin may surpass $100,000 by year’s end, regardless of the US election results. Ongoing inflationary policy and large-scale issuance of U.S. Treasury bills are expected to be key factors pushing the Bitcoin price higher.
And given that long-term Bitcoin holders have started actively accumulating coins again, the market’s sentiment is leveling off. This suggests that investors will soon be actively monitoring the market again in search of new crypto gems. For businesses gearing up to launch tokens, this is the ideal time to prepare for a debut in a bull market. So, if you’re currently planning an ideal token sale campaign, below are the best PR and marketing agencies that can help you enter the market with a bang in 2024-2025.
Outset PR
Outset PR Firm
With a special technology to facilitate high-quality traffic acquisition, Outset PR excels at generating excitement for projects in their early days. For example, the team helped BlastUP raise $8 million during its BLASTUP token presale, while also building a robust community of nearly 20,000 token holders from scratch.
However, Outset PR’s experience extends far beyond that. The agency previously created over 350 articles for ScapesMania, which contributed to the project’s increased exposure during the MANIA token’s pre-sale phase. Outset PR continues to actively expand its portfolio, currently working towards the pre-sale success of CYBRO, an AI-based yield aggregator platform on the Blast blockchain.
Outset PR prides itself on its personalized approach and crafts custom PR strategies tailored to each client’s unique needs and aspirations. The agency collaborates with companies of any scale, offering a lot of services like strategic PR, media coverage, personal brand development, content creation, SERM, newsbreak promotion, and more.
Outset PR was founded in 2022 by Mike Ermolaev, an esteemed PR professional, crypto expert, and market analyst for Cointelegraph. His insightful quotes are shared by Forbes, BusinessInsider, Nasdaq, and Investing.com. Mike has also showcased his talent as an interviewer, with his signature series “Crypto Opinion with Mike Ermolaev” reaching over 10 million readers worldwide on Benzinga.com. Besides, Crypto Daily ranked him as the top promising young entrepreneur of 2023, recognizing the reputation Mike solidified in the crypto PR industry after founding Outset PR.
Notably, Mike’s vision led him to pioneer the use of media partnerships as a crypto PR tool, which helps, among other things, with optimizing costs for token sale campaigns. His vast experience of over 7 years in PR has cultivated a network of 2400+ media outlets at the agency’s disposal today.
Finixio
Finixo PR Firm
Finixio is a UK-based SEO and content agency that has been operating since 2018. Over the years, they have grown into a big market player, working in all major geos, including USA, Australia, UK, Gulf States, Asia, the DACH region, and Scandinavia. Aimed at providing the best service to their clients and building the greatest tech in class, Finixio grabs the attention of interested parties searching for marketing agencies that focus on SEO strategies.
Finixio’s fully remote workforce, spread across the globe, highlights the company’s entrepreneurial and open-minded culture. Large businesses with substantial marketing resources will benefit greatly from this agency. On the other hand, if you represent an early-stage company or have unique requirements, agencies of this size may not suit your purposes due to the potential rigidity of large-scale operations.
X10 Agency
X10 Agency
X10 Agency is a full-service crypto marketing and PR agency delivering turnkey solutions for successful Web3, crypto, DeFi, NFT, ICO/IEO, and Meme coins promotion. It has received several awards and, according to Hackernoon, is ranked among the top five agencies for crypto promotion.
This agency has been at the front of crypto and token sale marketing since 2016. With more than 200 successful projects under their belt, they have solidified their position among the top crypto, Web3 and NFT marketing firms. Forbes, Entrepreneur, Investing, and other prestigious media outlets have acknowledged their work.
Operating worldwide and with over 7 years of experience, X10 Agency offers services ranging from influencer marketing and community building to exchange listings and tokenomics creation. They are successful in crypto promotion, building communities, positioning Web3 brands, and engaging the customers you want to attract.
2PMarketing
2PMarketing PR Firm
2PMarketing agency was also founded in 2016 by CEO Oleg Pivovarenko and CMO Leon-Ardo Salamatin, both having over 8 years of experience in blockchain marketing. Along with Mike Ermolaev, their achievements were recognized in Crypto Daily’s 2023 “Blockchain 35 under 35” list.
Since the launch of 2PMarketing, it has raised more than $30 million for various IDO/ICO/IEO projects, with the number of completed campaigns now exceeding 100. However, this is not the agency’s only area of expertise: in addition to this, 2PMarketing works with prime crypto exchanges like Bybit, crypto wallets, GameFi, meme tokens, and even more.
Clients who choose to work with 2PMarketing can greatly benefit from their vast experience in real-time bidding (RTB), social media marketing (SMM), and engaging with key opinion leaders (KOL), as well as their in-house protocols for working with communities across various social networks and complex PR strategies.
FINPR
FINPR
FINPR is a Dubai-based PR agency founded in 2017. The agency works with clients worldwide, including the US, Europe, Asia, and MENA regions. For those interested in ICO promotion, FINPR has a network of journalists and contributors from more than 400 media outlets.
Despite having a smaller network compared to some of the previously mentioned agencies, FINPR has gained market recognition in rankings from CoinPedia and Coinсodex, among others. The agency’s success is attributable to a strong track record, with its portfolio featuring over 500 clients, including AscendEX, Polkadex, and Klaytn.
Overall, FINPR provides a wide range of PR solutions, community management, influencer marketing, SEO, and social media ads. Their vast 7-year expertise merits consideration and earns them a spot among the best agencies for ICO promotion.
ICODA
Even though ICODA is an agency that doesn’t directly offer ICO promotion as a service, it has a wealth of relevant experience. Since Vladislav Pivnev founded the company in 2017, ICODA has advised more than 5 ICOs, thanks to its founders’ combined skills as a marketing expert and wise investor.
In the field of crypto PR, ICODA offers many tools such as media outreach, localization, press releases and newswire distribution, access to opinion leaders and of course PR campaign tracking.
After all, the numbers speak for themselves: ICODA boasts 3000+ partners, 250+ satisfied clients, and over $500 million in funds raised. In addition, this agency has been featured by major media outlets such as Benzinga, Hackernoon, and TechBullion.
Conclusion
From here, the ultimate decision on your ideal PR agency will be based on your objectives. The crypto industry is full of pitfalls, so we first advise paying attention to the team’s transparency and the actual PR cases they share with the public.
If you want to have a strong media presence, consider agencies like Outset PR and FINPR since they have large media networks. For those interested in RTB and KOLs, 2PMarketing is your way to go.
All the reviewed agencies operate globally, but if your token sale is focused on a specific market like Asia, X10 Agency may be your best option. It’s also worth noting that they specialize in promoting Web3 and NFT projects.
If you want your project to be promoted via SEO strategies, choose between Outset PR and Finixio. Take note that, of the listed agencies, Outset PR has developed a technology that allows them to conduct several token sale campaigns at once without losing the quality of work.
ICODA should not be ruled out either, as their track record of raising $500 million speaks for itself.
A great deal of experience and creative thinking are needed to complete tasks handled by Outset PR, Finixio, X10 Agency, 2PMarketing, FINPR, and ICODA. Examine each agency closely in light of our suggestions, and propel your future project right to the top.
Market analysts believe Cardano (ADA)’s price could expand by over 19,000% when Bitcoin reaches $500,000.
The crypto market is experiencing renewed bullish sentiment, with Cardano (ADA) emerging as one of the beneficiaries. On Saturday, Bitcoin approached the $65K mark for the first time this month after the abrupt declines in the first week of August.
After surging over 7% in a single day, BTC reached a daily high of $64,947. Following Bitcoin’s lead, Cardano saw a similar percentage increase, reaching an intraday high of $0.4012.
When Bitcoin prices dropped three weeks ago, ADA also declined. Now, as the market is rallying, ADA is benefiting as well. Given Cardano’s tendency to mirror Bitcoin’s price movements, several market commentators have speculated on potential price points for ADA if BTC reaches $500K.
Cardano Price When Bitcoin Hits $500K
Aryan, a well-known analyst famous for identifying potential 100X gems, suggested that if Bitcoin rises to $500,000, ADA could reach $75.
To put this into perspective, ADA would need to increase by 19,405% from its current value of $0.3845 to achieve the $75 target, representing a staggering return on investment for holders.
Meanwhile, Bitcoin would need to gain only 680% from its current price of $64,123 to hit the $500K mark. In this scenario, Aryan anticipates Cardano to significantly outperform Bitcoin during its ascent to $500K.
Notably, during the last bull market, ADA outperformed Bitcoin, recording a price increase of over 3,775%, while Bitcoin saw a 700% increase.
Further context for the $75 target for Cardano is that at this price level, ADA would have a market cap of approximately $3.37 trillion, a remarkable achievement that would put ADA on par with Apple’s valuation.
Timeline for ADA to Hit $75
While Aryan believes that $75 is achievable for Cardano by 2025, other market analysts with similar views on ADA have proposed longer timelines.
Analysts at the Changelly crypto exchange suggest $75 is attainable for Cardano by March 2040, or sixteen years from now. They even predict a minimum value of $85 for ADA by April 2040. At this timeline, Changelly expects Bitcoin to have far exceeded $500K.
Cardano price prediction Changelly
However, market observers at Telegaon are less optimistic. They do not believe ADA will reach $75 even by 2050, or about three decades from now. Their most ambitious target for ADA is $45 by 2050. Notably, at this timeline, Telegaon analysts expect Bitcoin to have surpassed $1 million per coin.
Other analysts within the crypto community who remain optimistic about ADA believe that a range of $5 to $10 is a more realistic target based on historical performance.
