Cardano Price Prediction: Crypto Pundit Forecasts 8,300% Rally To $38, Here’s When

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	13,577,198,535	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

13,577,198,535

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.004	-1.02%	0.3868	0.3866	0.3867

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.004

-1.02%

0.3868

0.3866

0.3867

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.3956	0.3847	0.391	0.3908	0.236800 - 0.810200

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.3956

0.3847

0.391

0.3908

0.236800 - 0.810200

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:27:58	55.44	0.3868	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:27:58

55.44

0.3868

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,613,076.64	9,284,795.73	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,613,076.64

9,284,795.73

Cardano Price Prediction: Crypto Pundit Forecasts 8,300% Rally To $38, Here’s When

31/05/2024 2:00am

NEWSBTC

Crypto analyst Nick of the Cheeky Crypto YouTube channel has provided an ultra-bullish prediction for Cardano (ADA). The analyst also outlined factors that he believes could drive Cardano’s price to such heights. Cardano Could Rise To $38 At Some Point In a recent video on the Cheeky Crypto YouTube channel, Nick mentioned that Cardano could rise to $38 at some point in the future, although he admitted that it won’t be anytime soon. He highlighted Cardano’s technological advancements as one factor that could drive the crypto token to such heights. Related Reading: Shiba Inu Open Interest Explodes 85% Amid 15% Price Jump, Why This Is Important The crypto analyst further claimed that, despite criticisms about Cardano, the network is well-positioned to become one of the leading chains because it boasts a technology built with the future in mind. As such, he believes that ADA has a good chance to stand the test of time and rise to $38 no matter how long it takes to attain such a price target. Interestingly, crypto expert Jason Appleton believes that Cardano could come close to this price target of $38 in this bull run. He once predicted that the crypto token would reach $32 in this market cycle. He claimed this price level is attainable in the “most prime of conditions by the peak of this bull market cycle.” Meanwhile, Nick highlighted the range between $5 and $12 as his “conservative” price targets for Cardano. He believes that the crypto token could rally to such heights soon enough, considering that altcoins are well primed for significant gains, especially given the run that Bitcoin and, more recently, Ethereum have had. He added that the news around the Spot Ethereum ETFs could trigger these moves for Cardano and other altcoins. Meanwhile, Nick is also optimistic that Cardano will soon have its own ETF following the approval of the Spot Ethereum ETFs. The launch of a Cardano ETF is another factor he believes could trigger such rallies for the crypto token. Patience Remains The Name Of The Game Crypto analyst Dan Gambardello, the founder of Crypto Capital Venture, suggested in a recent X (formerly Twitter) post that patience is key as ADA holders await a significant rally from the crypto token. He reassured investors that Cardano would still have its bull run in this market cycle. Related Reading: Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin The analyst noted that Cardano was in a similar situation in the last cycle when it was down 90% from its all-time high (ATH). However, things turned around in the twinkle of an eye with the crypto token going on to enjoy a 3,000% price gain, rising from $0.10 to $3. He believes that Cardano could make such a run or even better in this cycle, noting that Cardano is more “secure, decentralized, and scalable,” this time around. Featured image created with Dall.E, chart from Tradingview.com

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ADAUSD Cardano