Big Investors Are Buying This Altcoin: 110 Percent May Come!

0

  • Popular analyst, biggest Binance Smart Chain (BSC) He claims that the altcoin, which is among the top 10 most purchased assets among whales, will experience an increase of up to 110 percent.

Koinfinans.com As we reported, Cardano (ADA) is currently among the top 10 assets purchased by trade volume among the top 2,000 BSC whales as it sees heavy buying from giant whales and large investors. ADA price It is currently trading at $0.468, up about 5% in the last 24 hours.

Due to what Cardano founder Charles Hoskinson calls “macro factor dominance,” the current acquisition by large investors has yet to be ADA price It didn’t translate into huge price increases. Hoskinson explained the issue as follows:

“Cardano has never been stronger, and frankly, many other projects across the industry are solid as well, but you don’t see that reflected in the price, it’s just a sea of ​​red. Macro factors always win.”

When asked about ADA’s poor performance, Cardano founder Charles Hoskinson admitted that cryptocurrencies have entered a bear market and no announcement will make a difference.

Successful analyst expects big rise in Cardano

But the host of the YouTube crypto channel Coin Bureau is the smart contract platform, despite the current headwinds. Cardano (ADA) shows an upward trend.

The analyst, known as Guy, tells his 2.1 million subscribers in a new video that ADA could more than double its current value, despite falling more than 50 percent since May.

The analyst says traders and investors are turning to Ethereum (ETH) rivals as a hedge if the merger does not result in favorable market conditions.

“In recent weeks, Cardano’s ADA has emerged as an ideal hedge against anything going wrong with the merger, and Cardano’s upcoming update could strengthen ADA’s price action.”

island price

Guy said the Vasil hard fork of the platform, which will take place a week after the merger and Ethereum upgrade in mid-September, ADA priceHe says he can get it for $1. The ADA price stands at $0.48 at the time of writing.

“ADA could rise as high as $1 as a result of Ethereum consolidation and Cardano’s own Vasil hard fork. This means a 2x move in the short to medium term, which is a reasonable expectation, especially given the price action of ADA in terms of fiat and ETH.”

Guy says the long-term outlook for ADA will depend on the network’s upcoming milestones, key developments, and popular cryptocurrency estimates that the price action of its unit may be affected not only by the merger and Vasil, but also by other factors that may emerge in September.

“There will be additional macro factors later this month that could push ADA and other cryptocurrencies even higher or much lower.”

The Cardano community is more optimistic than ever

About two weeks into the Vasil mainnet launch, the Cardano community remains optimistic about the price action, with many predictions for ADA’s long-term price.

In fact, Carolin Taling, a Cardano community member and pool operator, said: “There are some narrow-minded people out there who think ADA will never reach $10. Keep your eyes peeled for Cardano” commented.

Cardano pool operator Andrew Westberg said in a tweet:

“After meeting with the IOG engineers, I feel positive about Cardano’s future. Everything is moving in the right direction. First class team. Open to feedback. Ready for Vasil and beyond.”

According to a statement by IOG, four more exchanges (BKEX, Bitkub, Litebit.eu, BitMart) have indicated that they are ready for the Vasil upgrade.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


source site-6