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The post Cardano Price Rally Could Last 6 More Months, Says Crypto Influencer appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Well-known Crypto Influencer and Youtuber Ben Armstrong, in a new video, lays out his predictions for Cardano Price with analyst Crypto Jebb.

He says the Cardano rally could continue for the next six months. Also, by the end of October, token will reach the $8 mark, and the investors could reap their profits then.

“By the end of, you know, the altcoin cycle, I think it will be Halloween, I can see Cardano reaching $8. I can see a lot of people wanting it to get to $10. And I think between $8 and $9, people will start taking profits, and that will kind of be the end”

Moving further, he says Cardano is in for the long game and will keep growing as its adoption increases every day. 

“We’re seeing now like some institutions are looking at Cardano. And think there’s a reason for that. They understand the long term play, the slow roadmap”.

Cardano is been making news lately, with various developments like Goguen mainnet, Alanzo hardfork, and the most recent OccamRazor launchpad announcement.

It is also been said by Charles Hoskinson, that already many companies are ready to migrate to Cardano.

Coinbase IPO Effect on the Crypto market

Armstrong talks about Coinbase IPO too, he believes the IPO will be bullish for all the cryptocurrencies including Bitcoin.

He further says the crypto market has a lot of traders and investors who come in with a huge money influx, and a majority of these are tied with Coinbase. Also, the valuation of Coinbase is directly incidental to the Bitcoin price.

“There are a lot of people in crypto with a lot of money. And a lot of those people are tied to Coinbase. We know Coinbase was wash trading a few years ago. They just got a big fine for that. So we know it’s not beneath them.

In addition to Cardano, the analyst is bullish on market moguls Bitcoin and Ethereum too.

One thought on “Cardano Price Rally Could Last 6 More Months, Says Crypto Influencer

  1. There are a lot of newcomers that are getting confused, especially during that crucial phase once you are ready to start investing into your first coin.

    Naturally, you are seeking for a social media platform that will give you some advice and where you can track news and updates about projects and ideas that you find interesting.

    In most cases you are mainly directed to social media platforms such as Twitter and Telegram, sometimes Discord and rarely towards Reddit…most of projects don't even have an active subreddit or in the best case scenario they have a youtube channels that just feels superficial.

    Twitter and Telegram just feels sketchy and its mostly used for shilling and attracting investors into shady shitcoins.

    We need a shift here as its becoming difficult to avoid these scammers on a daily basis. IMO we need to make use of Web 3.0. and create a professional network for Crypto professionals and enthusiasts to share updates and ideas.

    We already have the great idea of community points that could serve as a great starting point where we can validate users of that network.

    I just think its about time to switch into new platforms where we can openly connect, discuss and share reliable information and advice to newcomers.

    As a start, many projects should just change the narrative and just try ro redirect users somewhere else instead of Twitter and Telegram.

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