Cardano’s ADA Could Surge Over 1,500%: Analyst Predicts 🚀
A popular cryptocurrency analyst, Javon Marks, recently shared a bullish prediction on Twitter suggesting that Cardano’s native token, ADA, could see a significant surge of over 1,500% in the near future.
- Javon Marks noted the major progress of ADA’s price since breaking the resisting trend.
- The price has surged more than 200% toward its first target at $2.7709.
- A recent pullback might strengthen the price for further climbing.
If the breakout holds, ADA could potentially see a substantial upside of over 460%, with historical data pointing to even higher levels, potentially reaching $7.8 and representing a 1,500% increase for the cryptocurrency.
Analysts’ Views on ADA’s Price Action 📈
Another cryptocurrency analyst, known as Trend Rider, also shared insights on ADA’s price action, pointing out that the cryptocurrency is holding onto its support level.
- If ADA maintains its support over the next one to two weeks, bears could get tired and the price might bounce back.
Currently, Cardano’s ADA is trading at $0.45, experiencing a loss of over 2% in the last 24 hours and more than 23% over the past 30 days, amid a broader correction in the crypto market.
Cardano Community Growth Despite Market Correction 💪
Despite the market correction, the Cardano community continues to expand, with the development of its Plutus V2 smart contract platform gaining significant traction.
- The number of Plutus V2 smart contracts grew by over 1,000 in just one month, showcasing the community’s resilience and commitment to the project.
- In January 2022, the number of smart contracts on Cardano surpassed 1,000 following the successful implementation of the Alonzo hard fork, enabling smart contract functionality on the network to compete with other leading blockchains.
Hot Take: Will ADA Reach New Heights? 🌟
As ADA continues its upward trajectory, fueled by bullish predictions and community growth, the cryptocurrency’s potential for a significant surge remains on the horizon. Stay tuned for more updates on Cardano’s ADA price action and market developments as it aims to achieve new milestones in the ever-evolving crypto landscape.
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