Price Analysis

Peter Brandt Calls for a $2.26 Cardano Price Target! ADA Price Forecast

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Cardano (ADA) has maintained its bullish momentum, with the project reaching a new all-time high of $2.20 on Saturday. Following a turbulent week of market uncertainty, Cardano Price hit a new all-time high over the weekend. surpassing the $2 mark. The cryptocurrency is currently hovering over $2. With a remarkable 25% gain in the last week.

How High Can Cardano(ADA) Price Reach?

Veteran trader and investor who recently announced his bullish sentiment for Cardano [ADA] on Twitter now suggests he may be expecting the coin to hit $2.26.

Peter Brandt, a legendary commodities trader, is known for being a Bitcoin supporter who tweets about other altcoins, including XRP, in the middle of the day. This time, Brandt used Twitter to share a graphic about Cardano’s local token, ADA. 

Furthermore, again on May 15 trader, Peter Brandt, has clarified how he “ballparks” goals in all markets he trades, including the crypto industry, in a Cardano graph. He used the ADA/USD pair as an example, indicating that he believes the fifth largest cryptocurrency would reach $2.26.

ADA began the year at about 17 cents per token before rising above $1 per token in February. Since then, it has risen steadily, reaching a high of 793.6% since the beginning of the year. This bull market is believed to be fueled by recent business partnerships. The Cardano blockchain announced last month that it would collaborate with the Ethiopian government to digitize the country’s education sector.

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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.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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