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:
$ADA peaked at $1.18 during the last bull market.— Justin Bennett (@JustinBennettFX) April 10, 2021
The mid-point of this recent consolidation is $1.20.
Not a coincidence.
A 10x from the previous cycle peak is conservative. $BTC has never done less than 10x from peak to peak, and we know alts run hotter than #Bitcoin. pic.twitter.com/cPVDf3u4Ua
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.
Welcome to @LunarCRUSH Live! with @Cardano founder @IOHK_Charles! Today we’ll discuss #Cardano $ADA, community insights, and answer your questions! Have any questions questions you'd like answered on the stream? Ask below! https://t.co/DfNmF9Fu70— LunarCRUSH Social Listening for Cryptocurrencies (@LunarCRUSH) April 13, 2021