Is it Calm before the storm for Cardano Price?
The fifth-largest cryptocurrency can be seen trying hard to find a direction. The ADA price is trading at $1.1875, for the last few days now. But a popular trader and analyst who rose to fame after nailing bitcoins collapse in March 2020, says that he is extremely bullish about Cardano in the long term.
He expressed his bullish views about cardano via tweets where he says that he speculates Cardano could stir a massive 25x parabolic move from its price of $1.18 en route to a bull market top of $30.
“ADA not going to lie, it looks very bullish for the mid and long-term.”
But before hitting his speculated bullish target Capo thinks that midway through the journey, Cardano can hit $4 target first.
As for ADA/BTC, Capo indicates that the pair is gearing up for a 100% surge from its present value of 0.00002 to 0.00004.
Cardano’s price has responded calmly to the network’s recent good news about the updates. The developers revealed last week that the next update, named Alonzo, would include smart contracts, allowing developers to create decentralized applications.
BTC and ETH Poised for Rally
Coming to bitcoin Price, Capo believes that the king Cryptocurrency is primed to print gains of over 40% from its existing price of about $57,000.
At the time of writing bitcoin was trading at $58,644.30, with its price being up by 2.2% in the last 24 hours.
Capo is also bullish on Ethereum (ETH). He says the time for ETH to soar has come. At press time, Ethereum price hovers around $1,820 as it turns green and a breakout could see it achieve a new all-time high above $2,000.