The crypto market continues to keep the traders on their toes, as the uncertainty is approaching the skies slowly. However, among extreme volatility, Cardano appears pretty strong and reliable which has the capacity to extract huge profits. But will the rally reach its peak by the end of 2021 or continue in early 2022?
Ever since the Evergranade crisis has shaken the world market, the crypto market has also not been spared. Moreover, the rounds of China Ban just ruined the recovery each asset were undergoing since the Sept 15th sell-off. Yet like every time, Cardano remained away from the crowd following its own rally.
Considering the latest sell-off, where Bitcoin and Ethereum are still struggling very hard to reach $45K and $3K respectively, Cardano easily climbed close to $2.4 from recent lows of $2.06. And moreover, the price is currently forming higher highs constantly and marching strongly to smash $2.5 soon. However, the bear market can still be on its toes, but before that Cardano could have produced many millionaires.
The price followed a cup and handle since the rebound after the mid-September, however, the pattern has inversed now. And hence a slight pullback could be fast approaching yet the price could still sustain $2. And hence after a small correction, yet the ADA price could still rally above the ATH around $3.1 to hit close to $4.
Collectively, Cardano price is currently appearing a little strong than the other altcoins, as it’s undergoing a serious rebound. However, the ADA price is currently around $2.36 with nearly 7.85% in the past 24 hours. The trading volume also has risen more than 73% to range more than $6 billion. Moreover, the upcoming Cardano Summit could provide enough boost for the price.