Thanks to this catalyst, ADA could reach a new all-time high, says KOL Nicholas Merten

Well-known analyst Nicholas Merten identifies a key catalyst that he believes will drive Cardano (ADA) to a new all-time high.

In one Video new, Merten said everything was in place to help ADA explode.

That being said, this chart looks really nice and tells me that there will be some kind of catalyst for the price rise in the next few weeks.

Weekly ADA / USD Chart | Source: Nicholas Merten

Merten said the catalyst to push ADA to an all-time high would be the conclusion of the Goguen era, the time Cardano launched the smart contract. The long-awaited fundamental development could drive Cardano higher in both the dollar (ADA / USD), Bitcoin (ADA / BTC) and Ethereum (ADA / ETH) pairs, the analyst said.

“With a possible start in August this year that would be the perfect macro catalyst for higher ADA dominance, ADA / ETH is starting to build for the next breakout. After that, ADA / BTC will return to all-time highs and ADA / Der USD will rise potential target of the $ 3 to $ 5 zone.

ADA Dominance Rate Chart | Source: Nicholas Merten

Weekly ADA / ETH chart | Source: Nicholas Merten

Weekly ADA / BTC Chart | Source: Nicholas Merten

According to Merten, Cardano is in a “now or never” moment.

“It is finally time to recognize this hard work. In my opinion now or never. Cardano draws attention to itself here. It’s busy and investors are waiting to see it. “.

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According to Dailyhodl

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