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.
3/3? 🧐 pic.twitter.com/ZJMwKJbqvL
— il Capo Of $NOIA (@CryptoCapo_) March 4, 2021
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.
$ADA long-term roadmap (potential)
I can see this happening. pic.twitter.com/RShmtpat0s
— il Capo Of $NOIA (@CryptoCapo_) May 19, 2021
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.