Only 28% Away From Reaching the $1 Milestone
Crypto analysts are rife on X, making positive projections about when Cardano will breach its coveted $1 mark. One such analyst by the name of Ssebi has come up with a unique analysis, accentuating the fact that I could soon reach $1.
Ssebi shared how Cardano is anticipated to ascend 10x considering the current price momentum of the season’s bull cycle.
Also Read: Cardano: When Will ADA Reach $1?
Analyst Predicts Cardano’s Journey to $1
Ssebi took to X to share a brief analysis of Cardano’s future price ascent. The notable analyst shared a graph on X, outlining how Cardano is merely 28% away from breaching its $1 mark.
Per the graph shared ADA seems to have touched the $0.78076 mark. Per Ssebi, if the current bull season persists, it wouldn’t be long before ADA breaches the $1 mark.
Per CoinMarketCap, ADA is currently trading at $0.76, down 1.54% in the last 24 hours. The stats further reveal that the current bull run has triggered Cardano to spike 54% and 23% in the last 30 and 7 days, respectively.
Also Read: Cardano Forecasted To Surge 123%: ADA To Hit $1 Next?
Ssebi was quick to point out another notable insight, or ADA. The analyst shared how ADA is poised to gain approximately 10x momentum this bull season.
“The blue circle is where $ADA was last cycle when $BTC was breaking its all-time high. $ADA did a 17x increase from that point to its ATH. I think we are going to see around 10x this cycle from the current price.” Ssebi tweeted
Hard Road for ADA?
The current bull run seems to be particularly favoring meme coins and altcoins, driving them to reach new all-time highs.
A new development has caught public attention: Dogecoin seems to have flipped Cardano in terms of market cap.
However, despite the upheavals, Cardano is holding its ground steady. The spike in ADA network activity and addresses signals a promising future for Cardano, where the crypto could soon break new milestones.
Credit: Source link
