Yet another long term chart.
Heres why I think ADA in this bull market can be what XRP was in the last cycle:
1. ADA IS , like XRP WAS, a top 5 coin
2. ADA has a lot of believers and a lot of haters. XRP was probably the most hated coin in 2017.
3. People who hate ADA are convinced it is useless (similar to XRP). Now XRP has been proved to be useless. With ADA, we don’t know.
4. XRP has seen two mega cycles, ADA has seen one.
A comparison of price action over the long time period shows ADA’s bull target should be somewhere between 7-15 USD. If you think this valuation is ridiculous, guess what? Back when ripple was worth 3 cents, a forecasted value of 30 cents was deemed to be ridiculous. XRP eventually went close to 3.4 USD.
Now you might argue that using that logic, ADA could do a 100x to 100 USD: That is highly unlikely because of the market maturing as a whole. Also there are a lot more alts that will suck liquidity.
I will not be shocked if ADA goes to 6-7 USD this year, comparing XRP’s performance in 2017, this is a conservative estimate. 15 USD is also possible. Both these levels were obtained by comparing fib levels between ADA and XRP.
Good luck!
Heres why I think ADA in this bull market can be what XRP was in the last cycle:
1. ADA IS , like XRP WAS, a top 5 coin
2. ADA has a lot of believers and a lot of haters. XRP was probably the most hated coin in 2017.
3. People who hate ADA are convinced it is useless (similar to XRP). Now XRP has been proved to be useless. With ADA, we don’t know.
4. XRP has seen two mega cycles, ADA has seen one.
A comparison of price action over the long time period shows ADA’s bull target should be somewhere between 7-15 USD. If you think this valuation is ridiculous, guess what? Back when ripple was worth 3 cents, a forecasted value of 30 cents was deemed to be ridiculous. XRP eventually went close to 3.4 USD.
Now you might argue that using that logic, ADA could do a 100x to 100 USD: That is highly unlikely because of the market maturing as a whole. Also there are a lot more alts that will suck liquidity.
I will not be shocked if ADA goes to 6-7 USD this year, comparing XRP’s performance in 2017, this is a conservative estimate. 15 USD is also possible. Both these levels were obtained by comparing fib levels between ADA and XRP.
Good luck!