According to a new analysis, the trade price of Cardano (ADA) may see a 6,000% rally.
Cardano is a popular Proof-of-Stake (PoS) network which is known for the stability & scalability of the network. In 2017, Cardano was launched under the leadership of Charles Hoskinson. Hoskinson has an impressive history of contribution to the Ethereum (ETH) project as a Co-founder.
The current trade price of ADA, the native token of the Cardano network, is $0.63 & this trade price is 36% higher over the last 7 days of trade price.
Over the last 3 months, the trade price of ADA tokens surged nearly 150% because of the bull run sentiments in this sector.
Recently a crypto analyst shared his ADA token price analysis and noted that the ADA price graph is in a super bullish phase after June 2020.
Last time ADA surged 6,000% under such a similar pattern, so there are chances that ADA will hit this target in the next 66 weeks.
According to this Crypto analyst, this is a very big sign for the ADA coin market.
Some crypto analysts noted that increment in the Ada token investment surging rapidly because the majority of the big whales are feeling confident to go with the investment in this cryptocurrency project because over the past several years the Cardano project team never used promotional stunts to promote Cardano, instead they contributed hugely to improve the network speed & scalability at a practical level.
Notably, the Cardano blockchain succeeded in grabbing attention in this innovative sector via following the current Crypto trend which is Artificial intelligence (AI).
Recently the Cardano GPT, a blockchain network-focused AI developer team, showed a high level of development activities around AI Chatbot on the Cardano network.
Read also: JPMorgan predicts Ethereum (ETH) will outperform Bitcoin in 2024
Crypto analyst predicts $ADA may hit $33
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