At the time of writing, there is a huge drop in Bitcoin and altcoin prices, but considering the hard work and good results from the Cardano (ADA) team, there is a comment that the ADA price could see $ 19 and $ 40 in the long run. Cryptocurrency analyst Crypto Capo talked about the levels that could come in Cardano (ADA) comments. Here are the details of his analysis …

Crypto analyst: Cardano (ADA) price could reach $ 40 in the long run

Popular anonymous analyst and trader Crypto Capo presented the long-term price prediction for ADA. Crypto Capo has previously made bullish comments for Cardano.

The crypto analyst and trader updated their long-term price target for ADA in their post on May 19. The analyst posted a chart pointing to $ 40 and said, “I see this can happen.” On May 20, he released a similar chart and said, “I can’t be bullish yet,” and thus once again announced that he predicts an uptrend for ADA.

Latest status in ADA price

The current downtrend in the cryptocurrency market has also affected Cardano (ADA). While it reached its all-time high at $ 2.45 exactly a week ago, it is trading at $ 1.16 at the time of writing. It has lost 27.1 percent in the last 24 hours. It has seen a loss of 46.7% in the last week. Still, his one-year return is around 2.017%, according to CoinGecko data.

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