Crypto Capo, a well-known name in the crypto community as an analyst, has recently said that Cardano (ADA) may hit the $10 mark by the end of 2021. Along with Cardano, the popular analyst covered future predictions for Bitcoin and Ethereum and said that they can go beyond the mark of $100K and $10K.
Crypto Capo Believes Cardano (ADA) Can Touch $10 Mark
The crypto influencer and specifically a significant advocate of Cardano, Crypto Capo, has declared that Cardano (ADA) holds the position of the largest holdings in his portfolio, and at times he has revealed that he is bullish on the cryptocurrency.
As per the technical analysis shared by Crypto Capo back in the month of March, the price of Cardano (ADA) could touch the mark of $3-$4 in the medium term, $10 in 2021, and has the potential to touch the mark of $30 in the long term.
As of now, Cardano is being traded at around $1.568 on crypto exchanges, slightly down considering the 24-hour chart pattern and price movement of the currency. However, it should be noted that the crypto asset is up by over 590% since the beginning of the year 2021.
AlonzoBlue Testnet Will Boost Fundamentals of Cardano
IOHK, the firm behind the blockchain, made an announcement last week regarding the successful run of the Plutus smart contract on the AlonzoBlue Testnet.
This has ultimately contributed to the positive market sentiment of the cryptocurrency as Cardano gets ready to overtake the leader in the Defi space, Ethereum.
Talking further about the AlonzoBlue 2.0 Testnet update, it is a part of several upgrades that the network is supposed to undergo in order to extend support to the full smart contract potentialities.
After losing approximately 2% of its value since the previous session, the price of Cardano has managed to rise above the level of $1.55 in the early trading session.