In particular, prominent cryptocurrency expert Cerbull predicts that the coin’s price will rise by around 15% in the near future. When he made the forecast, the currency was trading at $1.72, so a 15% price increase would lift it to $1.97, just below the vital $2 threshold but a long way from its previous all-time high of $2.96 on September 3.
CEO of Eight Global is also bullish
Likewise, full-time trader and CEO of consultancy and education platform Eight Global, Michael van de Popple also considers plenty of upside for ADA with a potential scenario in play for the asset if Cardano can break above some previous support levels. Cardano has not been doing well recently, but it is on the verge of reaching a support level that might provide a decent buying opportunity, especially if we are still in the second leg of a bull market. Van de Poppe stated on the ADA/USDT pair: Notably, he highlighted the levels at $1.78 and $1.90 as crucial levels to breach. Also, the crypto expert advised:
Cardano passes 20 million transactions
Recently, the world’s biggest proof-of-stake (PoS) blockchain has officially exceeded the milestone of 20 million transactions. This was accomplished without a single day of outage on the Cardano network. Indeed, the Cardano blockchain has maintained its stability without experiencing any downtime for 1,522 days, while other rival blockchains have experienced downtime on a number of different occasions. Currently, Cardano is trading at $1.67, up 5.43% in the last 24 hours and 8.86% over the previous seven days giving it a total market cap of $55.6 trillion, according to CoinMarketCap data. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
