Analyst Purchases 1 Million ADA, Says It Is Bullish
CoinEdition
Published Jun 05, 2021 05:30AM ET
Analyst Purchases 1 Million ADA, Says It Is Bullish
- Ben Armstrong a.k.a BitBoy Crypto, bought 1 million Cardano recently.
- He thinks ADA will be 4 times higher than its current price on this cycle.
- In its most bullish form, Ben thinks ADA can reach $8 to $9 this year.
BitBoy Crypto shared his sentiments on why he purchased 1 million ADA. He explained on his youtube video,
“Their roadmap is painstakingly mapped out to capture any corner cases and keep the bugs to a minimum. Even on their website, they describe Cardano as peer-reviewed and evidence-based. This laser focus means that Cardano is primed to be a lean powerful machine ready to take the lead over their competitors”
Predicting the price of the digital currency in the currency cycle, the crypto influencer stated that ADA still has the potential to hit $6.8. Cardano is currently trading at $1.78 with a 24-hour trading volume of $3,394,753,431.
Furthermore, Ben Armstrong emphasized that saying he’s bullish is actually an understatement. Upon his knowledge, Cardano is looking to help second and third-world nations come out of poverty and better their people.
BitBoy also mentioned that he bought Cardano back in January when it was around 15 cents. Clearly, he saw its potential and it definitely went big. Hence, he bought a million ADA, and by far, it has worked out really well for him.
Finally, he elaborated his conservative price prediction for Cardano. Ben said that it will be 4x from its current price in this cycle, which would be $6.80. ADA has shown amazing resilience to price fluctuations compared to other altcoins during this bull run, he added. Apart from this, he saw that ADA ‘smashed’ its all-time high repeatedly. Thus, he predicts that ADA can hit 8 to 9 dollars this year in its most bullish scenario.
This article was first published on coinquora.com
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Written By: CoinEdition
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