Hello Traders,
Alright, there been a total of three new exchange listing for ADA this week.
We have a lot of reasons to be excited about Cardano and the path it's headed down. I don't personally think the stimulus bill will play that big of an effect on ADA, definitely not enough to lead us to the $275 Bil market cap but it can't hurt.
No, I think we will see a huge push to the $8+ range once, it's officially added to some of these larger company portfolios and institutional investors. Greyscale seems to be the leader for institutional funds in the crypto world for adding Altcoins to their portfolio, unlike MicroStrategy.
Over the next 6-12 months, I think it is highly possible that we see Cardanos market cap break above the $100 Bil. range and then a slower creep up to the $200 Bil. and so on.
Technicals are showing an inverse Head and Shoulder Pattern and a cup and handle pattern on the monthly chart. Mix this with very strong fundamentals and we have a great recipe for short-mid term success.
Good luck!
Alright, there been a total of three new exchange listing for ADA this week.
We have a lot of reasons to be excited about Cardano and the path it's headed down. I don't personally think the stimulus bill will play that big of an effect on ADA, definitely not enough to lead us to the $275 Bil market cap but it can't hurt.
No, I think we will see a huge push to the $8+ range once, it's officially added to some of these larger company portfolios and institutional investors. Greyscale seems to be the leader for institutional funds in the crypto world for adding Altcoins to their portfolio, unlike MicroStrategy.
Over the next 6-12 months, I think it is highly possible that we see Cardanos market cap break above the $100 Bil. range and then a slower creep up to the $200 Bil. and so on.
Technicals are showing an inverse Head and Shoulder Pattern and a cup and handle pattern on the monthly chart. Mix this with very strong fundamentals and we have a great recipe for short-mid term success.
Good luck!
