Coin Bureau Host: Cardano Price Could 2X In Short To Medium Term
In a video released on September 8, Guy explained told the over two million subscribers of Coin Bureau’s YouTube channel:
“In recent weeks, Cardano’s ADA has emerged as an ideal hedge against something going wrong with the merge and Cardano’s own upcoming upgrade could supercharge ADA’s price action…
ADA could rally as high as $1 as a result of Ethereum’s merge and Cardano’s own Vasil hard fork. This would work out to a 2x move in the short to medium term which is a realistic expectation especially since ADA’s price action in fiat and ETH terms supports this target.“
Guy claims that the network’s next milestones will determine ADA’s long-term prospects. Along with The Merge and Vasil, other potential September events may also have an impact on the price movement of the crypto asset.
“There are additional macro factors coming later this month that could take ADA and other cryptocurrencies even higher or much lower.“
At the time of writing, ADA is trading at $0.51.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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