- Ben Armstrong predicts a bullish future for Cardano, setting a target of $11 based on analyst Ali Martinez’s earlier $7 prediction.
- Crypto Capital Venture’s Dan Gambardello echoes the $11 ADA prediction, citing Cardano’s improved functionalities.
- Gambardello sees Cardano gearing up for the next bull run, emphasizing a bottoming-out structure before the Bitcoin Halving event.
Crypto influencer Ben Armstrong has shared an optimistic projection for Cardano (ADA), setting a bullish target of $11. Armstrong’s forecast is anchored in the analysis provided by crypto analyst Ali Martinez, who previously predicted ADA reaching $7.
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Martinez’s analysis draws parallels between Cardano’s current behavior and its late 2020 patterns, suggesting a potential upward trend in April, culminating in ADA hitting the $7 mark. Supporting Armstrong’s positive outlook is Dan Gambardello, founder of Crypto Capital Venture, who also envisions Cardano reaching the $11 price level.
In contrast to Armstrong, Gambardello offered more in-depth insights into his belief, highlighting the enhanced functionalities of Cardano in the current market compared to the previous bull run. He emphasized the growth of the DeFi landscape on the Cardano network since 2021 and drew parallels between Cardano and Ethereum’s development. This suggests that ADA could replicate Ethereum’s past bullish run.
Gambardello also pointed out Cardano’s preparations for the next bull run, noting a bottoming-out structure before the upcoming Bitcoin Halving event. According to him, this cooling-off period for ADA is notably bullish, potentially signaling an imminent upward move.
While acknowledging the potential for a 30 to 40% downside move as Cardano consolidates with Bitcoin and the broader crypto market, Gambardello remains confident, expressing faith in ADA’s resilience. As of the latest update, ADA is trading around $0.4789, reflecting a 4.92% decrease in the last 24 hours.
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