Crypto analyst Nick of the Cheeky Crypto YouTube channel has provided an ultra-bullish prediction for Cardano (ADA). The analyst also outlined aspects that he believes could drive Cardano’s price to such heights.
Cardano Could Rise To $38 At Some Point
In a recent video on the Cheeky Crypto YouTube channel, Nick mentioned that Cardano could rise to $38 in some unspecified time in the future in the longer term, although he admitted that it won’t be anytime soon. He highlighted Cardano’s technological advancements as one factor that might drive the crypto token to such heights.
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The crypto analyst further claimed that, despite criticisms about Cardano, the network is well-positioned to grow to be one in every of the leading chains since it boasts a technology built with the longer term in mind. As such, he believes that ADA has an excellent likelihood to face the test of time and rise to $38 regardless of how long it takes to realize such a price goal.
Interestingly, crypto expert Jason Appleton believes that Cardano could come near this price goal of $38 on this bull run. He once predicted that the crypto token would reach $32 on this market cycle. He claimed this price level is attainable within the “most prime of conditions by the height of this bull market cycle.”
Meanwhile, Nick highlighted the range between $5 and $12 as his “conservative” price targets for Cardano. He believes that the crypto token could rally to such heights soon enough, considering that altcoins are well primed for significant gains, especially given the run that Bitcoin and, more recently, Ethereum have had.
He added that the news across the Spot Ethereum ETFs could trigger these moves for Cardano and other altcoins. Meanwhile, Nick can be optimistic that Cardano will soon have its own ETF following the approval of the Spot Ethereum ETFs. The launch of a Cardano ETF is one other factor he believes could trigger such rallies for the crypto token.
Patience Stays The Name Of The Game
Crypto analyst Dan Gambardello, the founding father of Crypto Capital Enterprise, suggested in a recent X (formerly Twitter) post that patience is essential as ADA holders await a major rally from the crypto token. He reassured investors that Cardano would still have its bull run on this market cycle.
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The analyst noted that Cardano was in the same situation within the last cycle when it was down 90% from its all-time high (ATH). Nonetheless, things turned around within the twinkle of an eye fixed with the crypto token happening to enjoy a 3,000% price gain, rising from $0.10 to $3. He believes that Cardano could make such a run and even higher in this cycle, noting that Cardano is more “secure, decentralized, and scalable,” this time around.
ADA bears take control of price | Source: ADAUSDT on Tradingview.com
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