A top analyst says: Cardano could rise to $ 10 in this bull run. Is ADA facing a massive rally?
Which cryptocurrency to buy today? Top candidate: Cardano (ADA)
There was brief excitement in the crypto markets yesterday: The US supermarket chain Walmart will in future accept Litecoin (LTC) as a means of payment, a false report announced. The fake news not only caused the Litecoin price to explode – Bitcoin, Ethereum and Cardano were also temporarily impressed and twitched north. However, Walmart denied – and prices tumbled again.
The decline at Cardano directly followed the introduction of the long-awaited smart contract functionality in the mainnet last Sunday. Smart contracts are intended to raise the project to a level with platforms such as Ethereum or Avalanche and enable both DeFi apps and NFT marketplaces on Cardano.
📢 #Cardano‘s smart contract announcement was launched, and discussions related to the # 3 market cap asset are soaring, despite the -10% $ ADA price dump. Other rising topics include #buy calls following the latest dip, and $ TRX #bullishness. https://t.co/gwqCftdu7k pic.twitter.com/b2iBV5vAF4
– Santiment (@santimentfeed) September 13, 2021
Analysts reckon that the ADA course could benefit hugely if the smart contract functionality can do what it says on the tin. This also includes low fees – a feature that top smart contract platform Ethereum, for example, lacks and is extremely counterproductive for the growth of the coin. The smart contract ecosystem on Cardano is currently still in the making: There are not many apps, the entire functionality has not yet been extensively proven.
However, this is exactly what the ADA course could do extreme updraft procure: If ADA succeeds as a smart contract platform in pulling market share from Ethereum or even overtaking Ethereum as the leading crypto currency for smart contracts, the price of the coin could multiply. The professional trader Michaël van de Poppe (@CryptoMichNL on Twitter), for example, gives a corresponding price target in a recent tweet. He writes to his more than 404,000 followers: Cardano (ADA) could rise to $ 10 in this bull run.
Peak high predictions for this bull cycle:#Bitcoin to $ 275,000-350,000 #Ethereum to $ 7,500-12,500#Polkadot to $ 100-150#Chainlink to $ 100-150
🤝 -> #Cardano to $ 3-5#Zilliqa to $ 0.80-1.20#Ripple to $ 0.50-0.60
Predictions from January, #Cardano will probably go to $ 10. https://t.co/NksnLIEQo4
– Michaël van de Poppe (@CryptoMichNL) September 12, 2021
Which is the best cryptocurrency? Predictions see ADA way ahead
Poppe is not alone with his bullish forecast. Numerous forecast models also expect a corresponding development at ADA and assume that the ADA price will continue its upward trend:
- Walletinvestor.com predicts ADA to climb to $ 4.74 over the next 12 months. The 5-year forecast is Cardano (ADA) then by 2026 at $ 13.97.
- Digitalcoincoin expects a similar price trend at Cardano. A price of $ 3.54 is expected here by the end of 2021. In 2023 ADA will be quoted at $ 4.91, and in 2025 at $ 7.07. According to the long-term forecast, Cardano will not break the $ 10 mark until 2028 and rise to $ 10.62.
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Last updated on September 14, 2021
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