The last chance to buy ADA under $1.00 will come when price drops near $0.80 for Wave 4 of its first defined impulsive wave!
Based on current logarithmic fib levels, there’s a great chance that primary Wave 5 will reach near the $250 price point in the years ahead.
Still my favorite crypto coin by far.
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My speak about Wave count here is incorrect however, as we can see, price action has pretty much acted in the expected manner that was mentioned over a year ago. It seems that Cardano may test the $0.65-$0.70 region however, downside from here is very limited.
While $200 is quite some time away, Cardano should have a very exciting 2022 and beyond. Its time for Cardano to get the respect it truly deserves.
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$250 target is a misfire. Bulls will soon regain momentum however, $250 is not a vali fibonacci/Elliott Wave based target based on my partial reassessment of the pattern. $30 should be the next major level for Cardano.
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Considering your great support, this post deserved an update. Here is my current perspective.
Hey I love the optimism. We have to be realistic in our approach. Cardano isn't ETH in regards of tokenomics. ADA currently has a 41B market cap. Mean while ETH has 175B. BTC has 909B. Lets theatrically say BTC tops at a 100k this bull run. That would equate to a 2 Trillion market cap. Now lets account for the BTC that gets spilled over into alts. The absolute best case scenario would put ADA somewhere around 350B peak. That would equate to a $10.8 ADA. A 500B would equate to a $15.48 ADA MAX. Who knows maybe in the next two cycles ADA can get real world utility and we could see a $250 ADA. It would take a minimum at least 10-20 years to happen. Not to mention there seems to be a new Alt coin every bull run that gets outperformed a by a newer more efficient coin. Can ADA stand the test of time?
DigitalSurfTrading
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@AthenticWhale1, cool mathematics in your opinion. Keep watching ADA work.
CryptoCrawdad
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@Gumption334, @AthenticWhale1 keep up the good work. we all know these "numbers" can "change" at the tip of a hat. much love
zac_destroys_all
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@AthenticWhale1 grounded I love it. 3-4 dollar ada for me seems realistic
DigitalSurfTrading
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@zac_destroys_all, aww, how sweet? Nobody is saying ADA will pump to $250 next month. If you think one of the best crypto technologies will stop and chill at $4 forever, you’re comical. Ground that and put it in your coffee.
zac_destroys_all
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@Gumption334, I am extremely bullish on ADA and I do believe ADA can over take Ethereum with time. Saying that however I'm trying to make a realistic price target for myself. With current supply a 100 billion market cap would be $3.15 USD. That to me is a realistic goal that could easily be achieved. I live in Canada and currently only 1 exchange offers the ability to buy ADA. If ADA can get on more exchanges like coinbase and bitbuy (in Canada) I could see wider adoption because Cardano is the more efficient system. To me exchange coverage is a huge bottle neck for ADA going forward.
Iconic-Crypto-Nic
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@zac_destroys_all, I live in Canada as well and am able to get ADA in 4 or 5 different exchanges.
zac_destroys_all
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@IconicCryptonic, Which ones? I only know of coinsmart. I'm not a huge fan of them either.
Iconic-Crypto-Nic
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@zac_destroys_all, I use Binance, crypto.com and a few others but those ones have ADA and more do as well but those 2 are very simple