On Wednesday (April 12), Cardano’s ADA token managed to extend to extend the rally that has made it one of the year’s best-performing cryptoassets, helped by the excitement surrounding the upcoming listing of Coinbase shares on Nasdaq.
Data from TradingView indicates that at 08:40 UTC on Wednesday (April 14), the Cardano price hit $1.5583 on crypto exchange Kraken, thereby setting a new all-time high.
As for how high the Cardano price could go, on Monday (April 12), when ADA-USD was trading around $1.2779, crypto analyst Justin Bennett told his over 39.3K followers on Twitter that he expected $ADA price to 10x from current prices, meaning that he expects the price to go $10 before the end of 2021.
And on April 10, Bennett said that $10 is a “conservative” price target for Cardano:
At the time of writing (08:55 UTC on April 14), Cardano is trading around $1.4938, which that in the past 24-hour period, it has gone up 13.54% vs USD.
Yesterday (April 13), LunarCRUSH did an interview with IOHK CEO Charles Hoskinson.
Here are a few interesting comments that Hoskinson made during this interview:
- “Why in God’s name would you want to create an application where it costs more in gas fees than any of your other margins?“
- “If my competitors can’t do what we do, they’re gonna die.“
- “Look at the demographics of Africa (Ethiopia). Most are digital natives and most are pro-crypto.“
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.