Author
Alejandro Arrieche
Author
Alejandro Arrieche
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Cardano (ADA) has gone down by 11.1% in the past 7 days as the latest rally that pushed this token above $0.80 has taken a breather. However, the latest comments from this project’s founder support a bullish Cardano price prediction.
In an interview with the founder of Blockworks Research, Jason Yanowitz, Charles Hoskinson pointed out why ADA is right now a better investment than Bitcoin (BTC).
Hoskinson emphasized that real money in crypto is made when you can “predict the future.” Whoever can predict where the market or the industry is going in the next 10 years will stand a much better chance of reaping life-changing returns.
When it comes to ADA, Hoskinson said that the biggest potential comes from acknowledging the needs of the private sector to launch real-world assets (RWA). This is what Cardano is doing right now, anticipating these needs to become the go-to blockchain for companies to launch their assets and raise capital in the future.
“How far can BTC go?” Hoskinson asked. “Maybe to a million… That’s 10X. ADA can go 100X, 1000X. We are not second-class citizens. Cardano does substantially more [than the Bitcoin network],” he stressed.
Do you agree with Hoskinson’s bullish Cardano price prediction?
Cardano Price Prediction: Here’s How ADA’s Path to $1 Could Look Like
Looking at the daily chart, we can see a couple of paths that ADA could take from here based on potential trend line supports that have emerged from the latest uptrend.
Selling pressure rose at $0.90 and ADA has retreated strongly from that level. This was a much-needed breather as the Relative Strength Index (RSI) had already climbed to extreme overbought levels at 83.
Now we could see ADA dropping to TL1 or TL2, which means a move to around $0.72 and $0.65 in the next few days before the token resumes its upward path.
After that, the next stop could be the $1.1 level, which would result in a strong upside potential of around 50% to 70% depending on your entry price.
This bullish Cardano price prediction sees a last line of defense at $0.615. As long as the price holds above this mark, these short-term targets would still be attainable.
If you want to profit from ADA’s climb to $1, you can turn to one of the most user-friendly crypto futures trading platforms nowadays – CoinFutures.
CoinFutures Offers 1000X Leverage and Auto-Trading Features
CoinFutures works like a prediction market. You can open either long or short positions on any of the cryptocurrencies supported by the platform and make money if the market moves in the direction you anticipated.
The platform mimics the market’s real price movements and volatility. You will not hold cryptos directly, which makes the experience much easier compared to traditional trading.
Simply choose in which direction you think the price will go (up or down) and a price multiplier to amplify the size of your bet. You can use the platform’s automatic trading tools to keep your losses in check and set a take-profit target to cash out before the market moves against you.
To start your journey, simply visit the CoinFutures website and click the “Register” button. You can deposit funds to your account via crypto transfers (USDT, USDC, and more tokens are supported) or use a bank card instead.
