Cardano

mirror

<p><a href="https://bitcoinist.com/solana-1000-and-xrp-7/" rel="nofollow">Popular Crypto YouTuber Ben Armstrong</a> has shared his bullish prediction for<a href="https://bitcoinist.com/cardano-starts-2024-with-a-bang/" rel="nofollow"> the Cardano (ADA) price</a>. While giving his prediction, Armstrong also alluded to a <a href="https://bitcoinist.com/crypto-analyst-predicts-1300-for-cardano/" rel="nofollow">recent ADA price prediction</a> that crypto analyst Ali Martinez made.&nbsp;</p> 
<h2 id="armstrong-s-bull-case-for-cardano-is-11">Armstrong’s Bull Case For Cardano Is $11</h2> 
<p>In a <a href="https://www.youtube.com/watch?v=G2FP30i3iG0" rel="nofollow">video</a> posted on his YouTube channel, <a href="https://bitcoinist.com/why-crypto-company-bitboy-cut-ties-with-youtuber-ben-armstrong/" rel="nofollow">Ben Armstrong</a> mentioned that his bull case prediction for ADA is $11. However, the crypto YouTuber didn’t share any analysis to back up his bullish sentiment. Instead, he only referred to an earlier ADA analysis that Martinez had shared as part of his <a href="https://bitcoinist.com/ada-price-set-to-explode/" rel="nofollow">prediction of ADA</a> hitting $7.&nbsp;</p> 
<p>In his analysis, <a href="https://bitcoinist.com/crypto-capital-inflow-2-years/" rel="nofollow">Martinez</a> highlighted how ADA was <a href="https://bitcoinist.com/similarities-dogecoin-and-pepe/" rel="nofollow">currently mirroring</a> its “late 2020 behavior.” He further elaborated on how ADA could hit $7 if history were to repeat itself. According to him, if that were to happen, then ADA would resume an upward trend in April, while a pattern continuation will ultimately lead to the crypto token hitting that price level.&nbsp;</p> 
<p>Meanwhile, Armstrong isn’t the only one who believes that the Cardano price could rise to as high as $11. Dan Gambardello, the founder of Crypto Capital Venture, had previously predicted that ADA would hit this price level at the peak of the <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">next bull market</a>. Unlike Armstrong, Gambardello provided deeper insights as to why he holds this belief.&nbsp;</p> 
<p>He explained how Cardano has more functionalities now, unlike in the previous bull run. This includes the features that have allowed the DeFi landscape on the network to grow since 2021. The analyst also <a href="https://www.newsbtc.com/news/cardano/cardano-ada-rise-1700-11/#:~:text=Popular%20crypto%20analyst%20Dan%20Gambardello,from%20its%20current%20price%20level.">highlighted</a> similarities between Ethereum and Cardano’s development while hinting that ADA could mirror the run that ETH enjoyed in the last bull run.&nbsp;</p> 
<h2 id="ada-getting-ready-for-the-next-bull-run">ADA Getting Ready For The Next Bull Run</h2> 
<p>Gambardello, who <a href="https://www.newsbtc.com/analysis/ada/cardano-ada-price-to-11/#:~:text=According%20to%20him%2C%20this%20is,the%20next%20Bitcoin%20Halving%20event">once hinted</a> that the next bull run was going to begin after the <a href="https://bitcoinist.com/why-bitcoin-halving-could-provide-a-big-boost-to-these-altcoins-growth/" rel="nofollow">Bitcoin Halving</a>, recently noted in an X (formerly Twitter) <a href="https://x.com/cryptorecruitr/status/1749185031715656027?s=20" rel="nofollow">post</a> that the bottoming out structure for Cardano was getting reading for this event. He highlighted how ADA cools off prior to the Halving event. According to him, this is “so bullish for ADA” as it possibly prepares for a move to the upside.&nbsp;</p> 
<p>In the meantime, he hinted that ADA could experience a 30 to 40% move to the downside as it looks to consolidate with Bitcoin and the broader crypto market. Gambardello had <a href="https://bitcoinist.com/crypto-analyst-predicts-1300-for-cardano/" rel="nofollow">previously mentioned</a> that he wasn’t concerned by ADA’s price action and still wouldn’t be even if ADA were to drop below its current price level.&nbsp;</p> 
<p>At the time of writing, ADA is trading at around $0.49, down over 3% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/cardano/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/7hCRLE5l/" alt="ADA price chart from Tradingview.com (Cardano crypto analyst)" width="3266" height="1530"></p>

Crypto Analyst Predicts Cardano Price Will Climb 2,000% To Reach $11

Table of Contents

NewsBTC

Other articles published on Jan 22, 2024

In its initial presale phase, Kelexo (KLXO) gains support from Avalanche (AVAX) and Chainlink (LI...

Jim Cramer Doubts Bitcoin Recovery After ETF Introduction

Top 10 Most Searched Altcoins of the Day

Rebel Satoshi Gains Traction as Polygon and Chainlink Maintain Steady Growth

XRP Ripe for a Bounce Back After This Indicator Issues a “Buy” Signal for Ripple

FSN and Fingo join hands to pursue tokenized securities business

Join our free newsletter for daily crypto updates!