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<p>Kara Szabo, a crypto analyst and trader, recently <a href="https://twitter.com/kararesurrect/status/1700562333079130476?t=3Tz4qfSov8IMdtGV0MIIAw&amp;s=19" rel="noopener noreferrer nofollow">gave</a> her analysis and price forecast for Cardano ($ADA) for the upcoming bull market. According to Szabo, Cardano is a large market cap cryptocurrency that investors might be overlooking, despite its promising fundamentals and growth potential.</p><div class="wp-block-rehub-colortitlebox rh-colortitlebox"><div class="rh-colortitle-inbox"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon"></i><div class="rh-colortitle-inbox-label"> Trade on US-Banned Exchanges With No KYC <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley"></div></div><div class="rh-colortitlebox-text"><div class="wp-block-rehub-contenttoggler rh-contenttoggler"><div class="rh-toggler-wrapper"><p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley"></p><p>With <a class="thirstylink" rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/go/rocketxchange/">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley"></p><p>Simply connect your wallet to access every coin. No VPN needed.</p><p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p><p>Take your trading to the next level with:</p><ul><li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley"></li><li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley"></li><li>Trade on your terms – no registration required</li><li>Maintain full custody – tokens stay in your wallet</li><li>Access liquidity across leading DEXs and CEXs</li><li>Bridge assets quickly between any blockchain</li></ul><p>Escape CEX limits today with <a class="thirstylink" rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/go/rocketxchange/">RocketXchange</a>!</p><span class="rh-tgl-trigger"><span class="rh-tgl-show">Show more +</span><span class="rh-tgl-hide">Show less –</span></span><span class="rh-tgl-grad"></span></div></div></div></div><h3 class="wp-block-heading" id="key-points-from-kara-szabo-s-analysis">Key Points from Kara Szabo’s Analysis:</h3><ol><li><strong>Tokenomics:</strong> Cardano has a maximum supply of 45 billion tokens, with approximately 35.05 billion currently in circulation. At its current price of $0.25, this gives <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" rel="noopener noreferrer nofollow">Cardano</a> a market capitalization of roughly $8.9 billion.</li><li><strong>Initial Token Distribution:</strong> The initial distribution of ADA tokens was investor-friendly, with 57.6% allocated to the ICO, 11.5% to the team, and 30.9% to staking rewards. Szabo points out that staking ADA offers a free 3% to 6% gain, making it an attractive option for investors.</li><li><strong>Historical Performance:</strong> Cardano saw a peak price of $1.18 in its first bull run in January 2018 and reached a high of $2.96 in September 2021. Szabo suggests that Cardano’s track record indicates a similar increase could occur in the next bull run.</li><li><strong>Community:</strong> One of the most bullish indicators for Cardano, according to Szabo, is its community. Unlike other crypto communities, the Cardano community is described as friendly, honest, helpful, and growing.</li><li><strong>Price Prediction:</strong> Szabo’s conservative price estimate for Cardano in the next bull run is $5, which represents a 20x increase from its current price. She acknowledges that some might find this estimate low but emphasizes that for a large market cap altcoin, this could be one of the best investment opportunities in the crypto space.</li><li><strong>Diversification:</strong> While some analysts are predicting that Cardano could reach $10 (a 40x increase from its current price), Szabo recommends diversification and suggests that investors allocate a fraction of their portfolio to ADA.</li></ol><p>Szabo’s analysis highlights the potential for significant gains with Cardano, especially when considering its strong fundamentals, community support, and historical performance. She strongly advises that now is the time to buy, stake, and wait for profits.</p><p>As with any investment, it’s crucial to do your own research and consider your own risk tolerance before making any decisions.</p><p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" rel="noopener noreferrer nofollow">Twitter</a></strong> and <strong><a rel="noopener noreferrer nofollow" href="https://www.facebook.com/captainaltcoin">Facebook</a></strong>for the latest insights and discussions in the world of crypto.</em></p><p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" rel="noopener noreferrer nofollow">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p><p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/why-will-cardano-ada-hit-5-target-in-the-next-bull-run-according-to-top-analyst/">Why Will Cardano (ADA) Hit $5 Target In the Next Bull Run According to Top Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Will Cardano (ADA) Hit $5 Target In the Next Bull Run According to Top Analyst

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