Logo
Cardano Ecosystem

BitcoinEthereumNews

11/05/2021

·

635 views


400% Cardano Surge Likely – But Another Altcoin Looks Even Stronger, According to Crypto Analyst

The post 400% Cardano Surge Likely – But Another Altcoin Looks Even Stronger, According to Crypto Analyst appeared on BitcoinEthereumNews.com. A widely followed cryptocurrency trader and analyst is predicting a major Cardano (ADA) rally. The pseudonymous crypto trader known...

400% Cardano Surge Likely – But Another Altcoin Looks Even Stronger, According to Crypto Analyst

A widely followed cryptocurrency trader and analyst is predicting a major Cardano (ADA) rally.

The pseudonymous crypto trader known as Capo tells his 189,600 Twitter followers that Cardano will likely hit $10 before this cycle ends, which represents a rise of around 400% from current levels.

However, Capo says that altcoin Polkadot (DOT), currently the eighth-ranked cryptocurrency by market cap, now looks like a better trade.

“Many people ask me about ADA.

I’m still bullish on it and $10+ is very likely this cycle, but DOT looks much better so I sold my ADA for DOT some days ago.”

Cardano is trading for $2.03 at time of writing, according to CoinGecko.

Towards the end of October, Capo predicted that he was expecting Polkadot to hit a price of $250 and then launch to $650.

“DOT – Very bullish. It should outperform all the majors. Main targets are $250 and $650.”

Last month the cryptocurrency analyst predicted that Polkadot would outperform Cardano by the end of the current bull cycle. Capo said that Polkadot would also outperform Solana (SOL), Binance Coin (BNB), Ethereum (ETH), and Bitcoin (BTC).

“Expected performance until end of the cycle:

DOT > SOL > BNB > ADA > ETH > BTC”

Around the same time, the crypto trader said while looking at the Bitcoin chart that he was “bullish” on Ethereum, “very bullish” on Cardano, and “mega bullish” on Polkadot.

“DOT/BTC mega bullish

ADA/BTC very bullish

ETH/BTC bullish

If you want to be bullish on BTC.D [Bitcoin dominance] here, it’s up to you. I’m all-in altcoins.”

Polkadot is exchanging hands at $52.88 at time of writing.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/NextMarsMedia/Salamahin

Source: https://dailyhodl.com/2021/11/05/400-percent-cardano-surge-likely-but-another-altcoin-looks-even-stronger-according-to-crypto-analyst/


YouTube video

Post navigation

AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/crypto/4...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


NotifyLog - One stop tool for events tracking and analytics

More from BitcoinEthereumNews

See more
Cardano (ADA) Continues To Shine With 15% Gains In the Last Week - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA) Continues To Shine With 15% Gains In the Last Week - BitcoinEthereumNews.com

yesterday at 5:48 PM

·

6 views

Related News

See more
WingRiders Governance Token

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
NotifyLog - One stop tool for events tracking and analyticsWorld’s First Multi-Token ISPO — By Genius X