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Cardano Price Prediction: Could ADA Reach $38? Analyst Sees Potential

Published 05/29/2024, 08:13 PM
Updated 05/29/2024, 08:45 PM
Cardano Price Prediction: Could ADA Reach $38? Analyst Sees Potential
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  • Bitcoin’s potential surge to $200,000 could drive its market cap to $3.9 trillion, impacting the entire crypto market’s trajectory.
  • Ethereum’s approval of spot ETFs signals growth possibilities, with price projections ranging from $10,000 to $20,000, potentially elevating altcoins like Cardano.
  • Forget the FUD: Cardano’s tech, modular upgrades, and a potential spot ETF could make it the next crypto superstar.

In a recent YouTube video, blockchain analyst Cheeky Crypto delves into Cardano (ADA) price predictions, emphasizing the importance of understanding Bitcoin and Ethereum prices first.

Bitcoin’s total market cap currently stands at $1.337 trillion. Some speculate it could surge to $200,000, leading to a market cap of $3.9 trillion. As of press time, Bitcoin’s price is quoted at $67,922.70, a 0.15% decline in the past 24 hours.

Nick also highlights Ethereum’s potential. With the approval of spot ETFs, Ethereum is poised for substantial growth. Speculation suggests that Ethereum’s price could hit $10,000, $15,000, or even $20,000. Currently, Ethereum is priced at $3,804.38, a 1.88% decrease. Its market cap is $464 billion.

These predictions imply a s…

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