{"id":570769,"date":"2024-01-22T14:30:58","date_gmt":"2024-01-22T14:30:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=570769"},"modified":"2024-01-22T13:49:47","modified_gmt":"2024-01-22T13:49:47","slug":"cardano-price-2000-to-11","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/cardano-price-2000-to-11\/","title":{"rendered":"Crypto Analyst Predicts Cardano Price Will Climb 2,000% To Reach $11"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinist.com\/solana-1000-and-xrp-7\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Popular Crypto YouTuber Ben Armstrong<\/span><\/a><span style=\"font-weight: 400\"> has shared his bullish prediction for<\/span><a href=\"https:\/\/bitcoinist.com\/cardano-starts-2024-with-a-bang\/\" rel=\"nofollow\"><span style=\"font-weight: 400\"> the Cardano (ADA) price<\/span><\/a><span style=\"font-weight: 400\">. While giving his prediction, Armstrong also alluded to a <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-analyst-predicts-1300-for-cardano\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">recent ADA price prediction<\/span><\/a><span style=\"font-weight: 400\"> that crypto analyst Ali Martinez made.\u00a0<\/span><\/p>\n<h2>Armstrong\u2019s Bull Case For Cardano Is $11<\/h2>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=G2FP30i3iG0\" rel=\"nofollow\"><span style=\"font-weight: 400\">video<\/span><\/a><span style=\"font-weight: 400\"> posted on his YouTube channel, <\/span><a href=\"https:\/\/bitcoinist.com\/why-crypto-company-bitboy-cut-ties-with-youtuber-ben-armstrong\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Ben Armstrong<\/span><\/a><span style=\"font-weight: 400\"> mentioned that his bull case prediction for ADA is $11. However, the crypto YouTuber didn\u2019t share any analysis to back up his bullish sentiment. Instead, he only referred to an earlier ADA analysis that Martinez had shared as part of his <\/span><a href=\"https:\/\/bitcoinist.com\/ada-price-set-to-explode\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">prediction of ADA<\/span><\/a><span style=\"font-weight: 400\"> hitting $7.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/terra-luna\/terra-classic-burns-lunc-ustc\/\">Terra Classic Community Burns A Staggering 700 Million LUNC And 230,000 USTC \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">In his analysis, <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-capital-inflow-2-years\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Martinez<\/span><\/a><span style=\"font-weight: 400\"> highlighted how ADA was <\/span><a href=\"https:\/\/bitcoinist.com\/similarities-dogecoin-and-pepe\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">currently mirroring<\/span><\/a><span style=\"font-weight: 400\"> its \u201clate 2020 behavior.\u201d He further elaborated on how ADA could hit $7 if history were to repeat itself. According to him, if that were to happen, then ADA would resume an upward trend in April, while a pattern continuation will ultimately lead to the crypto token hitting that price level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Armstrong isn\u2019t the only one who believes that the Cardano price could rise to as high as $11. Dan Gambardello, the founder of Crypto Capital Venture, had previously predicted that ADA would hit this price level at the peak of the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-bull-market-glassnode\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">next bull market<\/span><\/a><span style=\"font-weight: 400\">. Unlike Armstrong, Gambardello provided deeper insights as to why he holds this belief.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">He explained how Cardano has more functionalities now, unlike in the previous bull run. This includes the features that have allowed the DeFi landscape on the network to grow since 2021. The analyst also <\/span><a href=\"https:\/\/uniquehot.com\/news\/cardano\/cardano-ada-rise-1700-11\/#:~:text=Popular%20crypto%20analyst%20Dan%20Gambardello,from%20its%20current%20price%20level.\"><span style=\"font-weight: 400\">highlighted<\/span><\/a><span style=\"font-weight: 400\"> similarities between Ethereum and Cardano\u2019s development while hinting that ADA could mirror the run that ETH enjoyed in the last bull run.\u00a0<\/span><\/p>\n<h2>ADA Getting Ready For The Next Bull Run<\/h2>\n<p><span style=\"font-weight: 400\">Gambardello, who <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/ada\/cardano-ada-price-to-11\/#:~:text=According%20to%20him%2C%20this%20is,the%20next%20Bitcoin%20Halving%20event\"><span style=\"font-weight: 400\">once hinted<\/span><\/a><span style=\"font-weight: 400\"> that the next bull run was going to begin after the <\/span><a href=\"https:\/\/bitcoinist.com\/why-bitcoin-halving-could-provide-a-big-boost-to-these-altcoins-growth\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin Halving<\/span><\/a><span style=\"font-weight: 400\">, recently noted in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/cryptorecruitr\/status\/15656027?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> that the bottoming out structure for Cardano was getting reading for this event. He highlighted how ADA cools off prior to the Halving event. According to him, this is \u201cso bullish for ADA\u201d as it possibly prepares for a move to the upside.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/optimism-2\/buy-sell-trade-optimism-network\/\">How To Buy, Sell, And Trade Tokens On The Optimism Network<\/a><\/div>\n<p><span style=\"font-weight: 400\">In the meantime, he hinted that ADA could experience a 30 to 40% move to the downside as it looks to consolidate with Bitcoin and the broader crypto market. Gambardello had <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-analyst-predicts-1300-for-cardano\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">previously mentioned<\/span><\/a><span style=\"font-weight: 400\"> that he wasn\u2019t concerned by ADA\u2019s price action and still wouldn\u2019t be even if ADA were to drop below its current price level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, ADA is trading at around $0.49, down over 3% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/7hCRLE5l\/\" alt=\"ADA price chart from Tradingview.com (Cardano crypto analyst)\" width=\"3266\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">ADA price struggles at $0.49 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">ADAUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from The Cryptonomist, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Popular Crypto YouTuber Ben Armstrong has shared his bullish prediction for the Cardano (ADA) price. While giving his prediction, Armstrong also alluded to a recent ADA price prediction that crypto analyst Ali Martinez made.\u00a0 Armstrong\u2019s Bull Case For Cardano Is $11 In a video posted on his YouTube channel, Ben Armstrong mentioned that his bull case prediction for ADA is $11. However, the crypto YouTuber didn\u2019t share any analysis to back up his bullish sentiment. Instead, he only referred to an earlier ADA analysis that Martinez had shared as part of his prediction of ADA hitting $7.\u00a0 Related Reading: Terra Classic Community Burns A Staggering 700 Million LUNC And 230,000 USTC \u2013 Details In his analysis, Martinez highlighted how ADA was currently mirroring its \u201clate 2020 behavior.\u201d He further elaborated on how ADA could hit $7 if history were to repeat itself. According to him, if that were to happen, then ADA would resume an upward trend in April, while a pattern continuation will ultimately lead to the crypto token hitting that price level.\u00a0 Meanwhile, Armstrong isn\u2019t the only one who believes that the Cardano price could rise to as high as $11. Dan Gambardello, the founder of Crypto Capital Venture, had previously predicted that ADA would hit this price level at the peak of the next bull market. Unlike Armstrong, Gambardello provided deeper insights as to why he holds this belief.\u00a0 He explained how Cardano has more functionalities now, unlike in the previous bull run. This includes the features that have allowed the DeFi landscape on the network to grow since 2021. The analyst also highlighted similarities between Ethereum and Cardano\u2019s development while hinting that ADA could mirror the run that ETH enjoyed in the last bull run.\u00a0 ADA Getting Ready For The Next Bull Run Gambardello, who once hinted that the next bull run was going to begin after the Bitcoin Halving, recently noted in an X (formerly Twitter) post that the bottoming out structure for Cardano was getting reading for this event. He highlighted how ADA cools off prior to the Halving event. According to him, this is \u201cso bullish for ADA\u201d as it possibly prepares for a move to the upside.\u00a0 Related Reading: How To Buy, Sell, And Trade Tokens On The Optimism Network In the meantime, he hinted that ADA could experience a 30 to 40% move to the downside as it looks to consolidate with Bitcoin and the broader crypto market. Gambardello had previously mentioned that he wasn\u2019t concerned by ADA\u2019s price action and still wouldn\u2019t be even if ADA were to drop below its current price level.\u00a0 At the time of writing, ADA is trading at around $0.49, down over 3% in the last 24 hours, according to data from CoinMarketCap.\u00a0 ADA price struggles at $0.49 | Source: ADAUSD on Tradingview.com Featured image from The Cryptonomist, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":570779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,84005,86092,14643,79508,167,12332,89230,12329,16230,6664,26263,14690],"class_list":["post-570769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-price","tag-ada-price-prediction","tag-adausd","tag-adausdt","tag-analyst","tag-cardano","tag-cardano-news","tag-cardano-price","tag-cardano-price-prediction","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Predicts Cardano Price Will Climb 2,000% To Reach $11<\/title>\n<meta name=\"description\" content=\"Popular Crypto YouTuber Ben Armstrong has shared his bullish prediction for the Cardano (ADA) price and it is 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