- Ben Armstrong believes Cardano’s ADA is on the verge of a significant bull run.
- Armstrong based his ADA prediction on the increasing public notoriety of ongoing activities on Cardano.
- The analyst cited Ali Martinez’s ADA prediction that the price would rally to $5 after consolidation.
Cryptocurrency analyst Ben Armstrong believes Cardano’s ADA is on the verge of a significant bull run. Armstrong based his ADA rally projection on the increasing public notoriety of ongoing activities in the blockchain network.
Although Armstrong could not specify if the Cardano team is deliberately orchestrating the surge in awareness, he is confident it is a trend that would positively affect ADA’s price. In a recently uploaded video, the famous analyst noted historical data shows a significant ADA move usually follows such developments in the Cardano ecosystem.
Armstrong highlighted the newly launched fiat-backed stablecoin (USDM) on Cardano as one of the various activities behind Cardano’s increasing vibe. He described it as a “first of a kind” on the Cardano network, noting it could remove Cardano’s struggles as a decentralized finance (DeFi) ecosystem.
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