Cardano

Coin

<ul class="news-points"> 
 <li>An analyst from Cheeky Crypto predicted that ADA could reach $31 in the long term.</li> 
 <li>Despite the bullish long-term outlook, the analyst warned that ADA’s price may drop in the next couple of days.</li> 
 <li>At press time, ADA was changing hands at $0.292 following a 24-hour loss of 0.99%.</li> 
</ul> 
An analyst from the cryptocurrency <a href="https://www.youtube.com/watch?v=HRD-Rn12sC8" target="_blank" rel="noopener noreferrer nofollow">YouTube channel</a>, Cheeky Crypto, predicted that the price of Cardano (ADA) could potentially surge to $31 in the long term. Before the altcoin’s price can climb to this ambitious target, the analyst forecasted further negative price movement for the cryptocurrency. 
The analyst’s bullish outlook for the <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" rel="noopener noreferrer nofollow">Ethereum</a>-killer stems from the fact that the total value locked (TVL) in Dollar (USD) terms for the Cardano ecosystem has grown exponentially this year, according to data from the DeFi analytics platform, DeFi Llama. In the video, he noted that this statistic is impressive given that the total USD locked has increased despite ADA dropping. 
At the time the analysis was published, Cardano’s TVL stood at just below 600 million ADA. Subsequently, the analyst forecasted explosive price movement for the altcoin in the coming weeks. Should this drasti… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ada-could-explode-to-31-in-the-long-term-predicts-analyst/">ADA Could Explode to $31 in the Long Term, Predicts Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

ADA Could Explode to $31 in the Long Term, Predicts Analyst

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