A prominent analyst says Cardano (ADA) could climb to $ 10 and calls for a boom in altcoins in 2022.
The person known in the industry as Capo has updated the outlook of the smart contract platform Cardano on its 224,700 Twitter followers after months of correction.
“As long as it stays above this zone, $ 3-4 will be the next target. If price consolidates above the USD 3-4 zone, we could see ADA trading around USD 10 next year. “
The source: Capo / Twitter
In Capo’s previous tweet late last year, he called for ADA to hit the $ 0.36-0.39 range as it was trading around $ 0.15. Since then, ADA has rallied 20 times to hit a new ATH above $ 3.00 in September.
After a few months of correction, Cardano is still nearly 10x above Capo’s original forecast and is trading at $ 1.40 at press time.
With the broader altcoin market in mind, Capo has an inspiring message for investors who held their positions during the recent market shake. The analyst expects the total capitalization of the altcoin market to explode in 2022.
“Glory awaits those who are patient.”
The source: Capo / Twitter
Capo also makes a bold prediction for Hathor (HTR), a blockchain that is scalable, easy to use and has no transaction fees.
About the project he said:
“The basics are really good.
I could see this altcoin exceed $ 100 if everything goes as expected. “
The source: Capo / Twitter
At the time of writing, the HTR is down 4% over the day to $ 1.79.
If HTR exceeds $ 100 as Capo predicts, it means the token can rebound up to 7.146% from current levels.
You can see the coin prices here.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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