Cardano (ADA) occupies a distinguished position in the world of digital currencies thanks to its strong research structure and its supportive community, and although it has not achieved a similar momentum for some other alternative currencies during the current emerging cycle, analysts have returned to their expectations again and some talk about the possibility of their rise to more than 300%in the coming months, and perhaps reaching the level of 4 dollars before the end of the year.
Cardano current price
According to the latest market data, ADA is currently trading at about $ 0.829 in the range of fluctuations between 0.808 and 0.837 dollars, which reflects a state of cautious stability in the market.
Imagine my buds about 4 dollars
Among the most prominent ambitious expectations of what “Mintern”, the head of marketing at the Minswap DeX platform via the X network, predicts the possibility of Cardano’s rise to 4 dollars before the end of the year, which constitutes an increase of approximately 400% from the current price, and it is based on his technical analysis using the Illiott theory, and the Fibonacci extension indicates levels between $ 1.47 and $ 4.14.
Fears in the face of expectations
But this optimism is not without opposition, Kardano is still trading without a dollar, and some analysts question her ability to achieve strong gains, especially in light of the delay in performance compared to some alternative currencies, some described it as “poorly performance” despite its continuous development efforts during the past seven years.
Signs of Form 2021 … Does history repeat itself?
Highlighting the interest of Google Trends in the Cardano coin indicates that it recently recorded research levels similar to those that were recorded in January 2021 before it witnessed a stunning increase of 1,500%, and this association with history makes some expect a similar ascending model if the favorable market conditions come.
Opportunities to climb … and market preparedness
Some traders in technical analysis find a glimmer of hope, especially with the decline in bitcoin dominance, which may enhance the flow of investment towards the training such as ADA, while technical factors such as the convergence of their price with technical support make the level of 0.80 -0.83 attractions to purchase that may lead to a positive apostasy as long as the resistance exceeds at 0.90 and the level of $ 1.
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