ADA Reaching $11 In Next Bull Cycle Is Achievable: Analyst
An analyst predicted that ADA’s price could climb to $11 during the next bull cycle with a market cap of over $400 billion. Read more on CE....
- A cryptocurrency analyst predicts that Cardano's (ADA) price could reach $11 in the next bull cycle.
- Catalysts like increasing TVL and adoption could fuel the price climb.
- ADA's price is currently $0.3845, with a 2.55% increase in the past 24 hours.
- The analyst believes ADA is one cycle behind Ethereum (ETH) but has the potential for significant growth.
- Factors such as rising TVL, the Vasil Hardfork upgrade, multi-asset ledger, and upgraded consensus mechanism could boost ADA's value.
- ADA's price increase has improved its weekly performance, up 2.58% over the past seven days.
- ADA's trading volume has decreased by 18.47% in the past 24 hours.
The overall sentiment of the article is positive, as it discusses the potential for ADA's price to reach $11 in the next bull cycle and highlights factors that could contribute to its growth.