Cardano potential Bullish scenario for Q1 - 2022
Let’s talk about CARDANO and his token ADA. Definitely a project to follow from my point of view.
Assuming we are still in a bull market, (Scenario that I'm still privileging), Cardano has still some rooms to enter. Of course, It will depend of BITCOIN moves, but in a bullish scenario, there is a decent probality we won't go lower than 1,2$. If we finally break this level, the last chance would be 0,92 $. However, as we bounced well at 1,2$ we seem to be able to hold.
Time will tell.
To add some narratives, of course, CARDANO has strong fundamentals with a huge ecosystem. It’s also the biggest hedge against ETHEREUM. Btw, I’m pretty sure both projects will do well, but having in his portfolio the king (BTC, of course), the current champ (ETH) and finally, his biggest underdog (ADA), is not a bad idea ;)
The current Market cap for CARDANO is around 49 Billions, for a current price around 1,47$ which means :
- if the price goes to 5$, the MC should be around 165 Billions (3,4X from where we are)
- if the price goes to 7,5$, the MC should be around 247,5 Billions (5X)
- if the price goes to 10 $, the MC should be around 330 Billions (X6,75)
A range between 5 $ to 10$ could be the next area to DCA your sells for this cycle. It will depend of BITCOIN, again, but if the whole crypto market cap goes to 8-10 Trillions next year (even during Q1) and BTC is around 2-3 trillions MC, nothing is written by advance but ADA could potentially reach more than 300 Billions of MC and hit around 10$ for his cycle peak. So starting to DCA your sells from 5 $ to 10 $ and beyond if we are very lucky, could be a potential plan. That's mine.
Today CARDANO represents 2 % of the total crypto market cap. (49 Billions / 2,4 Trillions)
Let’s assume we will reach 10 Trillions for this cycle, and ADA around 330 billions at his potential best.
CARDANO would represent around 3,3 % of the whole Crypto MC, which will still be « realistic » and « reasonable »
Disclaimers :
Why theses targets ? Because I'm only using datas, stats, probabilities & logarithmic curves, to appreciate the potential and the risk level of holding a coin (or selling when its heating up). I also love to stay cold and realistic (even if I’m optimistic) in my projections and be surprised in the good way.
It's not a financial advise. This is not a « strong TA » but my point of view regarding my short but respectable experience in Crypto (since 2014). This chart is pretty simple and its just here to make potential projections, nothing more, so DYOR ALWAYS. Now its said, so let's see if this chart ages well, at least just for fun ;)
Assuming we are still in a bull market, (Scenario that I'm still privileging), Cardano has still some rooms to enter. Of course, It will depend of BITCOIN moves, but in a bullish scenario, there is a decent probality we won't go lower than 1,2$. If we finally break this level, the last chance would be 0,92 $. However, as we bounced well at 1,2$ we seem to be able to hold.
Time will tell.
To add some narratives, of course, CARDANO has strong fundamentals with a huge ecosystem. It’s also the biggest hedge against ETHEREUM. Btw, I’m pretty sure both projects will do well, but having in his portfolio the king (BTC, of course), the current champ (ETH) and finally, his biggest underdog (ADA), is not a bad idea ;)
The current Market cap for CARDANO is around 49 Billions, for a current price around 1,47$ which means :
- if the price goes to 5$, the MC should be around 165 Billions (3,4X from where we are)
- if the price goes to 7,5$, the MC should be around 247,5 Billions (5X)
- if the price goes to 10 $, the MC should be around 330 Billions (X6,75)
A range between 5 $ to 10$ could be the next area to DCA your sells for this cycle. It will depend of BITCOIN, again, but if the whole crypto market cap goes to 8-10 Trillions next year (even during Q1) and BTC is around 2-3 trillions MC, nothing is written by advance but ADA could potentially reach more than 300 Billions of MC and hit around 10$ for his cycle peak. So starting to DCA your sells from 5 $ to 10 $ and beyond if we are very lucky, could be a potential plan. That's mine.
Today CARDANO represents 2 % of the total crypto market cap. (49 Billions / 2,4 Trillions)
Let’s assume we will reach 10 Trillions for this cycle, and ADA around 330 billions at his potential best.
CARDANO would represent around 3,3 % of the whole Crypto MC, which will still be « realistic » and « reasonable »
Disclaimers :
Why theses targets ? Because I'm only using datas, stats, probabilities & logarithmic curves, to appreciate the potential and the risk level of holding a coin (or selling when its heating up). I also love to stay cold and realistic (even if I’m optimistic) in my projections and be surprised in the good way.
It's not a financial advise. This is not a « strong TA » but my point of view regarding my short but respectable experience in Crypto (since 2014). This chart is pretty simple and its just here to make potential projections, nothing more, so DYOR ALWAYS. Now its said, so let's see if this chart ages well, at least just for fun ;)
Does not change the long term targets but there is not a lot of chance anymore to see this scenario playing out for Q1 or Q2 (even Q3 would be optimistic)
Now, next strong support is 0,92$ and it would be good to close above 1.06 on weekly time frame.