Altcoin Cardano is on the brink of a major breakout.
Seasoned analyst expects a parabolic run for ADA to reclaim $3 price.
Can ADA pump to hit new ATH prices this bull cycle?
Expectation for altseason peak arrival grows more bullish by the day, and one of the most highly anticipated altcoins expected to pump is Cardano (ADA). Known as a legacy altcoin, Cardano has gained more attention than ever this bull cycle especially as it approaches its Leios Upgrade. Analyst confirms that Cardano is on the brink of a major breakout and expects a parabolic run to $3 and higher prices.
Cardano on the Brink of a Major Breakout
Charles Hoskinson, the Founder of Cardano left the Ethereum team to forge his own path to building what he envisioned to be a truly decentralized blockchain capable of handling any challenges that could emerge in the future of the robust and ever-evolving web3 space. His conquest led him to an impressive suite of accomplishments developed my a highly expert team all connected by Cardano’s native token ADA.
The price of ADA pumped incredibly last bull cycle, taking the price of ADA from mere cents to $3 in an epic and explosive run that ADA holders hope to see again this bull cycle. However, in this bull cycle, ADA holders are more bullish than ever due to the many milestones the Cardano blockchain has blown past since the last bull cycle. Back then, the Cardano ecosystem could not do as much as it can do now, despite this, the ADA price pumped to hit a new ATH.
This leads traders, analysts, and ADA holders to wonder, how much will the price of ADA pump this bull cycle? Since the last bull cycle, Cardano can now deploy smart contracts, allow NFT minting, and offer more DeFi options. Furthermore, Cardano is interoperable, scalable, and stands as one of the only truly decentralized blockchains in the web3 realm so far. The only thing it lacks at the moment is speed.
$3 Cycle Top for ADA, or a New ATH Soon?
The lack of speed will be a challenge no longer, and Hoskinson confirms that the new upcoming Leios Upgrade for Cardano will usher in Solana-style speed, meaning that Cardano will be above the competition. ADA also reclaimed its position in the top 10 cryptos based on total market cap, and analysts expect it to claim the top 5 as we go further into the bull cycle. Cardano’s popularity continues to grow as talks of Cardano Spot ETFs are also gaining traction.
https://twitter.com/MinswapIntern/status/1918992658787164314
As we can see from the post above, this analyst confirms that Cardano is on the brink of a major breakout. The analyst says that ADA is sitting at a major resistance zone, and if it breaks above $0.77 to $0.8 then the altcoin could trigger a massive parabolic rally just like it did last bull cycle by jumping from $0.37 to $3. Could this just be the beginning of a rally to new ATHs for ADA?
