Cardano Price: Could ADA be $ 10, What Do Investors Think?
Recently, we see that every day a different crypto currency among crypto currencies is mentioned in its name with its price performance. Cardano (ADA) is one of those cryptocurrencies, and it looks like analysts and investors are expecting much more ADA talk in the coming days. Because, according to the data obtained, it is thought that the ADA price will reach very high levels.
Prospects for a Rise in ADA Price
Surveys and reports about the rise expectations in cryptocurrencies reveal that huge rises are expected in ADA. In fact, according to the data obtained, investors expect Cardano to increase much more than Bitcoin (BTC) and Ethereum (ETH).
At this point, it should be reminded that ADA performed tremendously in February and broke its own record with $ 1.48. Since then, ADA has been hovering above $ 1.
Cardano’s Stable Movements
With its performance in February, Cardano rose to the 4th largest crypto currency in terms of market value and managed to increase its market value to over $ 45 billion. Currently , the market value of ADA is 37.8 billion dollars and it ranks 6th in the ranking.
In addition, although a price increase was expected in ADA due to development steps, many names did not expect such a great performance. For example; Voyager CEO Steve Ehrlich claimed that it was indeed unexpected for Cardano to temporarily outperform Bitcoin .
In addition, analysts state that the $ 10 price forecast for ADA is still valid and that $ 10 will be seen before the end of 2021.