Logo
Cardano Ecosystem

Elevenews

04/14/2021

·

743 views


Cardano (ADA) Is On Its Way To 10x Gains

It’s been just revealed that an important trader and crypto strategist is saying that Cardano (ADA)’s bull market is not over yet. ADA is still undervalued The online publication the Daily Hodl notes that analyst Justin Bennett said that...

Cardano (ADA) Is On Its Way To 10x Gains

It’s been just revealed that an important trader and crypto strategist is saying that Cardano (ADA)’s bull market is not over yet.

ADA is still undervalued

The online publication the Daily Hodl notes that analyst Justin Bennett said that he believes Cardano (ADA) may still be undervalued.

“A lot of people are trying to tell me ADA is overvalued. We’re in a crypto bull market. That means 99% of cryptos are or will be massively overvalued by conventional valuation models. ADA moving sideways for six weeks tells me the market doesn’t believe it’s overvalued at all.”

The trader adds that he’s accumulating Cardano as he believes the current consolidation sets up the smart contract platform for a massive breakout.

“Starting to build a sizeable ADA position. I’ve held some for a while but adding to it here. Anything between $1.10 and $1.30 is fair game… I don’t buy markets that are going vertical. I buy markets that went vertical recently and have since gone sideways for over a month. That’s a recipe for the next leg higher.”

As for his year-end target for Cardano, Bennett says the Ethereum competitor surge above $10 before 2021 comes to an end.

“ADA will likely do a 10x from current prices by the end of the year.”

At the moment of writing this article, ADA is trading in he green and the coin is priced at $1.36.

Cardano in the news

Cardano has been making a lot of headlines lately.

The pseudonymous host of Coin Bureau is sharing his thoughts on some of the advantages Cardano has in the race with Ethereum as the top smart contract platform.

In a new video in which the analyst known as Guy made sure to reveal his top crypto holdings, he said that Cardano (ADA) comprises just under 8% of his portfolio.

News Source

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Elevenews

ORIGINAL SOURCE

https://elevenews.com/2021/04/14/ada-is-...

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.


More from Elevenews

See more
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS
Elevenews
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS

11/07/2023

·

763 views

Related News

See more
Voting for Us - Catalyst Fund 14

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)