Crypto Analyst Nick from the Cheeky Crypto YouTube channel provided an ultra-optimistic prediction for Cardano (ADA). The analyst also highlighted factors that he believes could drive Cardano’s price to such heights.
Cardano could rise to $38 at some point
In a recent video on the Cheeky Crypto YouTube channel, Nick mentioned that Cardano it could rise to $38 at some point in the future, although he admitted it won’t be anytime soon. He highlighted the technological advancements as a factor that could take the crypto token to such heights.
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The crypto analyst further stated that despite reviews about Cardanothe network is well positioned to become one of the leading chains because it has technology built with the future in mind. As such, he believes ADA has a good chance of standing the test of time and rising to $38 no matter how long it takes to reach such a price target.
Interestingly, cryptography expert Jason Appleton believes Cardano could get close to that $38 price target in this bull run. He once foreseen that the crypto token would reach $32 this market cycle. He stated that this price level is achievable in the “most privileged conditions at the peak of this bull market cycle.”
Meanwhile, Nick highlighted the range between $5 and $12 as his “conservative” price target for Cardano. He believes that the crypto token could reach such levels soon considering that altcoins are well poised for significant gains, especially given the run that Bitcoin and more recently Ethereum have had.
He added that the news surrounding the Spot Ethereum ETFs could trigger these moves for Cardano and other altcoins. Meanwhile, Nick is also optimistic that Cardano will soon have its own ETF following the approval of Spot Ethereum ETFs. The launch of a Cardano ETF is another factor he believes could trigger such rallies for the crypto token.
Patience remains the name of the game
Crypto Analyst Dan Gambardellothe founder of Crypto Capital Venture, suggested in a recent X (formerly Twitter) publish that patience is essential, as ADA Holders wait for a significant recovery of the crypto token. He assured investors that Cardano would still see its rally this market cycle.
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The analyst noted that Cardano was in a similar situation last cycle when it fell 90% from its all-time high (ATH). However, things changed in the blink of an eye, with the crypto token enjoying a 3,000% price gain, going from $0.10 to $3. He believes Cardano could make such a run or even better in this cyclenoting that Cardano is more “secure, decentralized and scalable” this time around.
Featured image created with Dall.E, chart from Tradingview.com