Cardano continues to be a serious participant among the many massive cryptocurrencies and the worth of its native ADA token has not escaped the eye of crypto analysts. One such analyst has made a really bullish prediction for the digital asset that has captured the eye of Cardano neighborhood members.
Crypto Analyst Says ADA Price To $30
A crypto analyst who goes by @LucidCiC on the X (previously Twitter) platform has predicted a meteoric rise within the ADA price. Lucid took to the social media platform to share their expectations for the digital asset and why they imagine that Cardano will be capable to attain such lofty highs.
Within the post, the analyst began out by saying that the ADA worth goes to $30. They defined that Bitcoin has already proven the world that it’s doable for a cryptocurrency to achieve a trillion-dollar valuation. They additional went on to say that “even Ethereum with all its points hit $500 billion!”
Apparently, the analyst was making an attempt to deduce that if these two digital property may hit such excessive valuations, then so may Cardano. Then got here one other prediction the place the analyst mentioned that the crypto market will attain the $10 trillion market cap mark within the subsequent 10 years.
Given this, the crypto analyst expects the ADA worth to rise one other 100x from its present worth degree which might put it at $30. Now, provided that this prediction signifies that the altcoin’s worth may rise one other 10,000% from right here, different neighborhood members rushed to share their ideas on the forecast.
ADA worth headed towards $0.3 | Supply: ADAUSDT on Tradingview.com
Cardano Group Members Don’t Agree
One of many prime comments beneath Lucid’s posts got here from one other X consumer who goes by Jimbo. In response to them, there isn’t a method that the ADA worth would attain the $30 worth mark. The consumer informed Lucid “You’d be fortunate to get to $3 and I do have a large place myself.” Jimbo additionally lamented the truth that the blockchain is popping right into a “ghost chain” because the blockchain is “not possible to work with.”
Lucid remained undeterred of their prediction, nevertheless, coming again with ammo to counter Jimbo’s ghost chain claims. They shared a chart that confirmed that Cardano remained within the lead for developer exercise within the month of October. However Jimbo fired again with a spreadsheet that confirmed Cardano shouldn’t be even within the prime 10 when it comes to weekly commits and weekly lively builders.
Lucid’s retort to this was that different blockchains had been getting hacked whereas Cardano remained “probably the most safe blockchain in your complete market.”
One other X consumer additionally expressed their displeasure with Cardano, saying “Cardano hasn’t completed something aside from trick harmless hardworking folks to put money into its rip-off shitcoin.” Nonetheless, Lucid responded that the community is extra decentralized than Bitcoin.