Senior Analyst Will Reduce Cardano's Value and Make 10X Big Profit – Here's When It Will Come

A top trader and crypto strategist says the Cardano Bull Market (ADA) is not finished yet. Analyst Justin Bennett told his 39,200 followers in a new tweet that he believes Cardano, currently traded at $ 1.42, could still be kept low in value. “Many people try to tell me that ADA is overrated. We are in a crypto bull market. This means that 99% of cryptos are or will be significantly overvalued by traditional valuation models. Moving sideways for six weeks, ADA tells me that he doesn't think the market is completely overvalued. "The trader adds that he is saving Cardano because he believes the current consolidation is preparing the smart contract platform for a big breakout." Start building a meaningful ADA position. I've been waiting for a while but I've added something here. Anything between $ 1.10 and $ 1.30 is fair game … I don't buy vertical I've been buying markets that have been vertical recently and have been moving sideways for more than a month This is a recipe for the next step. Source: Justin Bennett / Twitter Regarding the year-end target for Cardano, Bennett says Ethereum's rival could potentially jump above $ 10 before the end of 2021. “ADA will likely be 10 times higher than current prices at the end of the year. “While the trader is optimistic about Cardano in the long run, he believes the bears are still in control until the price drops to a significant level.” The jury still decides whether the bottom is for ADA. The markets are flirting with some key support levels and the ADA is below $ 1.50. Therefore, I have to stick to the short term bearish scenario. Don't miss a beat – Subscribe to receive encrypted email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram Surf Investors should take due care before making any risky investments in Bitcoin, cryptocurrency or digital assets. Read more

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