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Cardano Price Eyes A 70% Jump, $5 Could Be Pre-Programmed!

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Highlights

    Cardano price continues to trend within the discovery mode in order to climb highs with a more than 40% jump

    Within the bull rally, the possibilities of a substantial pullback also cannot be ruled out yet the rebound may also be notable

Cardano price in the current bull run has already jumped more than 1000%, eliminating steep setbacks. Moreover, a large chunk of the circulating supply has been staked on the Cardano network. This also fueled a slow yet steady rally which could intensify with the launch of the Alonzo Hard Fork. 

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ADA price is one such asset that recovered the mid-may losses within a short time frame. And hence heading firmly towards the north. The price went perfectly parabolic to hit the ATH above $2.4. Moreover seems to be unstoppable until new highs dive in. The price if follows its pattern then, $5 could be inevitable in a coming couple of months.

Also Read: Bitcoin Price Could Still Go 3X Beyond $50,000 In This Bull Run!

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Currently, the ADA price appears to be at a higher high, and from these levels, the price could consolidate for a while before exploding. Else following the pattern, a considerable dip could hinder the rally which could be followed by an accumulation phase. Conversely, if the bull run gets intensified fueled with the launch of smart contracts, then the price could spike mid-way forming a new pattern. 

If the third scenario goes well, the ADA price could surge high to trade around $5 before the end of September 2021. Currently, the Cardano price appears to be poised to hit $3 priced at $2.83 with a jump of 8.08%. Also with the anticipated surge, Cardano could become a $100 million asset very soon. 

Also Read: Ethereum Price Is Approaching a Crucial Resistance Level, Will the Bulls Take Over?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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