Cardano (ADA) has grown by 222% this week, making it the market’s “dark horse.” It’s exciting for pros and buyers. A lot of people were shocked and hopeful when ADA went above the important support level at $2.7709.
A lot of positive proposals are coming from crypto expert Javon Marks, whose ideas have interested both new and experienced traders. Marks points out an unusual resemblance between how ADA is going now and how quickly it will rise in 2021. He thinks that the recent drop in price could be the start of another major rise, like the one that made it all the way to nearly $3.
Cardano Poised For Remarkable Surge
Some traders think the price will go up by a remarkable 462% from where it is now. Marks, on the other hand, is more positive and thinks it will go up by an impressive 1,500%, setting $7.80 as his goal price. But this kind of hope depends on ADA’s market value going through the roof and hitting an amazing $260 billion. This is an enormous rise from where it is now, which is about $16 billion.
Analyst Trend Rider agrees with this positive view and says that the price of ADA has made a breakout pattern that shows it will soon stop falling. ADA is likely to go up again soon because it has reached a key support level. Its recent drop was probably just a short-term delay on its long-term rise.
For now, the price of ADA has gone down to $0.44, but experts are still confident that it can grow quickly. As the crypto world changes even more, Cardano is ready to break the rules and make more things possible in the world of digital assets.
