Cardano Price Prediction 2021
Cardano Price Prediction 2021
Hello everybody let's jump
into the more realistic price prediction
for ADA for 2021
and I'm gonna jump on the chart here and
show you so you can understand how I got
to this
new and more realistic price let's go
all right so here I'm gonna have
the bitcoin chart and the Cardano ADA the chart right below it I always use
bitcoin as a reference because bitcoin
is the king of cryptos at the moment and
has been since it came out
and uh all cryptos pretty much go up and
down when
bitcoin does because all coins usually
go up after
bitcoin had its rally and starts to
level out or go down a little bit.
That's why I use bitcoin as a
key reference the
realistic price prediction for the end
of the bull market cycle for 2021 for
Cardano ADA is actually
14 so I'm gonna break it down now so you
can see how I came to that number
and see if that's a number that you may
agree with as well and if not it's okay
everyone can have their own opinion
remember I'm not a financial advisor so
do your own research um this is just for
entertainment purposes only all right.
So
how we come up with this price is by
taking a look at history usually bull
market
or super cycles as they're called
they're usually very similar they happen
every three to four years they usually
work in the same way because it's an
emotional
cycle for buying and selling of that
asset so back in 2017
using the 2017 previous bull market
cycle bitcoin
rallied up a total of 17 x
from its previous all-time high meaning
17x is a thousand seven hundred and
fifteen percent
upwards it was at a thousand one hundred
and sixty and it went all the way up to
nineteen thousand
nine 900.
On December 20 of 2017.
ethereum on the other hand
went up a whole 120x litecoin went up a
whole
89x so the altcoins ethereum and
litecoin went up a whole lot more
than bitcoin did okay so now that we
have those numbers out of the way i want
to show you the charts here so that you
can kind of have an idea of where we are
at
at the current moment of this bull
market cycle i'm gonna actually put another bitcoin chart down here all right
so uh on the bottom chart here on the
daily we're gonna go back to 2017.
Okay perfect so this right here was the the peak of the 2017 bull market cycle so if
we scroll back a couple months you're
going to see these corrections right
here that's one correction and then the the last one was this one right here before
the final peak and then we had
two more corrections here so as you can
see at the current
cycle where we're at now we had two big
corrections so far we had one in January
and then we had one now in February to
march which is the one that we're
currently
getting past so taking a look at the
2017 bull market here so this was around
September
of 2017 and the bull market
lasted just another two months because
the peak day was December 17
2017.
So three more months and in those
three more months
bitcoin did another 4x as you can see
here was at about 5 000
this peak and it went all the way up to
19 000.
so I did about another 4x of the the remaining term of the cycle so
let's take a look at the current cycle
so it was December 2016
uh the day bitcoin broke its previous
all-time high so it's been about three
months now and bitcoin has pretty much
3x because they got all the way up to 58000 and in my opinion
bitcoin has like another 4x to go for
the end of this
bull run cycle so meaning that's it's
going to give it a price
of around 190 000 for the end of this
year's bull market cycle
so another 4x from here now cardano 8 on
the other hand was about 16
or 17 cents on December 16.
The day
of bitcoin broke its previous all-time
highs for me i used that as the date of
the beginning of this bull market cycle
so it was about 16 cents and it got all
the way
up to almost a dollar fifty cents so
it's almost 10x
from the beginning of the bull market
cycle like 9 almost 10x
from when it started so taking the
information from the previous bull run of 2017 since bitcoin did
another 4x
from the point where we are at right now
it's most likely gonna forex from here
Cardano doesn't increase in price the same way that bitcoin does it's a
altcoin
um it's not as big in price so with more
demand and Cardano coming out with all
of its new products that are gonna be
very useful and improving on a lot of
the
defects that ethereum has Cardano is
just like on any all coin it's
most likely gonna increase even higher
so if bitcoin is gonna do a 4x.
From here
my suggestion is that Cardano should at
least and most likely gonna 10x
from here or from its recent all-time
high so since Cardano's recent all-time
high was
about a dollar 45 cents I believe that
for the end of this
boron cycle it should 10x from that
price giving it a price of about 14.
now another thing to keep in mind
remember the bull market cycle in 2017
from the point that it looks like we're
at now it ran for another
three months because after this second
correction
it had one more correction and then like
a month after and then it went parabolic.
For the next month so even if we are
going to get to those numbers
on bitcoin and Cardano ADA be on the
lookout because
in my opinion, I think it's going to be
very soon it should be within the next
probably even two months because this bull market cycle is coming around
faster than the one in 2017.
so always remember to take profits if
you're trading
use stop losses especially if you're not
on top of the charts
every day like I am you know the market
can just start going bearish
before you know it and it's always a
good idea to cash out and take profits
the highest possible and then
get back in once it settles down a little bit lower so just be patient
let me know what you think about this
price in the comments down below
appreciate all of your feedback and
that's it.
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