BCGAME - Free 5BTC Daily Bonus!How high Cardano Could it arrive in December? A very optimistic analysis has highlighted a prediction of an all-time high in the price of the cryptocurrency ADA. In a remarkable upward movement in recent days, the price of Cardano has shown an impressive appreciation, and, with this scenario, experts are observing the potential for the cryptocurrency to break its all-time high in the next 30 to 60 days.
Renowned market analyst Dan Gambardello shared a technical analysis highlighting the potential breakout of the ADA token by analyzing the technology developed by Cardano, as well as the shift in the industry with a different political stance related to regulations in the industry. According to Gambardello, the Cardano cryptocurrency could rise above $3 in December.
The expert highlighted in his forecast that technological advancements are boosting Cardano’s scalability, with the network recently reaching 1 million transactions per second (TPS). Furthermore, the analysis highlighted another important point that could benefit ADA’s price, which is a policy change at the U.S. Securities and Exchange Commission (SEC).
Technically, the expert noted in his analysis that the cryptocurrency is approaching resistance levels that are well-defined, suggesting that this could push the token to break its ATH. Gambardello recalled that Cardano has previously recorded similar movements and, therefore, could present a drastic increase soon.
The highest price paid for Cardano (ADA) is $3,09, recorded on September 2, 2021 (over 3 years ago). At the time of publication, the Cardano price is trading at $1,15, down 6.1% in the last 24 hours. In comparison, the current price is 62,33% lower than the all-time high.
Cardano (ADA) Could Hit $10 This Cycle, Says Analyst
Following Donald Trump's victory, several cryptocurrencies have gained prominence, including Cardano (ADA). Investors and enthusiasts in the sector are increasingly optimistic, projecting that the value of ADA could reach $10 in this market cycle.
Renowned cryptocurrency YouTuber Lark Davis recently spoke out about ADA’s potential for growth. “Cardano is getting the attention and hype it needs to reach $10 this cycle,” he said in a video, reinforcing the positive sentiment surrounding the cryptocurrency.
