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<ul>
 <li>ADA community debates $4-$6 target, comparing ADA and BTC historical prices.</li>
 <li>Enthusiasts show optimism, foreseeing an ‘insane rally’ despite differing market views.</li>
 <li>Community holds faith in ADA’s potential like Charkles Hoskinson, despite external skepticism.</li>
</ul>
<p>In a recent <a href="https://cardano.org/" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> (ADA) centric discussion, enthusiasts engaged in a fervent conversation about the potential for ADA to reach $4 or even $6 during the current bullish cycle. One ADA supporter drew comparisons between historical and present price charts of ADA and Bitcoin (BTC), raising intriguing points for consideration.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> was at $1.98 the last time <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> was at 60k. It’s currently at $0.68. <br><br>Is the cause for concern, or is Cardano winding up for an insane rally?<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91e-1f3fd.png" alt="🤞🏽" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/yQqdhKqAyQ" rel="noopener noreferrer nofollow">pic.twitter.com/yQqdhKqAyQ</a></p>— TheInvestronaut ® (@TheInvestronaut) <a href="https://twitter.com/TheInvestronaut/status/1763275597122269521?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 29, 2024</a>
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<p>The enthusiast pointed out that during Bitcoin’s last peak at $60k, ADA was priced at $1.98. However, the current ADA value stands at $0.68, prompting questions about whether this is cause for concern or a signal of an impending robust rally.</p>
<p>The debate within the community reflects varying opinions, with one participant expressing confidence in an “<a href="https://cryptonewsland.com/cardano-skyrockets-in-february-march-momentum-builds/" target="_blank" rel="noopener noreferrer nofollow">insane rally</a>“. They emphasized that altcoins, including ADA, often experience more significant drops than BTC during bear markets, needing substantial gains to catch up in the early phases of a bull market.</p>
<p>A contrasting viewpoint emerged, noting that ADA has not yet recovered even close to 50% from its all-time high, while BTC has regained around 90%. Despite this, supporters remain bullish, asserting that ADA, as a top-10 project with growing fundamentals, strong Total Value Locked (TVL), and an enthusiastic community, is poised for a <a href="https://cryptonewsland.com/cardano-sees-nearly-90-surge-in-new-wallets-adoption-skyrockets/" target="_blank" rel="noopener noreferrer nofollow">significant pump</a>.</p>
<p>Acknowledging the differing perspectives, the original chart presenter expressed optimism, hoping for a repetition of ADA’s performance in 2020. The post gained a lot of ADA community members to come together and logically justify the need to be patient.</p>
<p>It is heartening to see the faith the community has in its project. Despite the many criticisms from the broader crypto community branding ADA as a ‘dead project’ or ‘dead coin’, the ADA community remains steadfast in their confidence.</p>
<p>Their faith and resilience echo the unwavering belief in the project demonstrated by ADA’s creator, <a href="https://www.tradingview.com/news/zycrypto:a62df5752094b:0-cardano-is-not-dead-charles-hoskinson-combats-criticism-with-ultra-bullish-ada-ecosystem-developments/" target="_blank" rel="noopener noreferrer nofollow">Charles Hoskinson</a> himself. Their patience and faith suggest a strong conviction that ADA has the potential for a substantial upswing in the current market cycle.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
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 <li><a href="https://cryptonewsland.com/charles-hoskin-explains-why-he-keeps-his-ada-portfolio-private/" rel="noopener noreferrer nofollow">Charles Hoskin Explains Why He Keeps His ADA Portfolio Private</a></li>
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</ul>
<p>The post <a href="https://cryptonewsland.com/ada-community-optimistic-for-4-6-price-surge-amidst-market-discussions/" rel="noopener noreferrer nofollow">ADA Community Optimistic for $4-$6 Price Surge Amidst Market Discussions</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

ADA Community Optimistic for $4-$6 Price Surge Amidst Market Discussions

Crypto News Land

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