Cardano continues to be a major player among the large cryptocurrencies and the price of its native ADA token has not escaped the attention of crypto analysts. One such analyst has made a very bullish prediction for the digital asset that has captured the attention of Cardano community members.
Crypto Analyst Says ADA Price To $30
A crypto analyst who goes by @LucidCiC on the X (formerly Twitter) platform has predicted a meteoric rise in the ADA price. Lucid took to the social media platform to share their expectations for the digital asset and why they believe that Cardano will be able to attain such lofty highs.
In the post, the analyst started out by saying that the ADA price is going to $30. They explained that Bitcoin has already shown the world that it is possible for a cryptocurrency to reach a trillion-dollar valuation. They further went on to say that “even Ethereum with all its issues hit $500 billion!”
Apparently, the analyst was trying to infer that if these two digital assets could hit such high valuations, then so could Cardano. Then came another prediction where the analyst said that the crypto market will reach the $10 trillion market cap mark in the next 10 years.
Given this, the crypto analyst expects the ADA price to rise another 100x from its current price level which would put it at $30. Now, given that this prediction means that the altcoin’s price could rise another 10,000% from here, other community members rushed to share their thoughts on the forecast.
ADA price headed toward $0.3 | Source: ADAUSDT on Tradingview.com
Cardano Community Members Don’t Agree
One of the top comments under Lucid’s posts came from another X user who goes by Jimbo. According to them,
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