Popular pseudonymous analyst and trader “Crypto Capo” (“@CryptoCapo_” on Twitter) says that the price of Cardano’s $ADA token is headed to $10.
On Saturday (September 25) — the first day of the two-day Cardano Summit 2021 event — when $ADA was trading in the range $2.2500 to $2.4578, he said that he believed that $ADA had bottomed at $1.90 and was now headed toward $10.
In response to a commenter who suggested that a $10 price prediction for $ADA was overly optimistic, Crypto Capo said that even at $10, Cardano’s market cap would be smaller than that of Ethereum.
Back on June 13, Crypto Capo said that he expected Bitcoin, Ethereum, and Cardano to go over $100K, $10K, and $10 respectively by the end of 2021.
According to data by TradingView, on crypto exchange Kraken, currently (as of 10:15 UTC on September 27), $ADA is trading around $2.2310, down 0.26% in the past 24-hour period.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.