Cardano (ADA) Moves Ultra Bullish, Expected to Reach $3 by July End

Cardano (ADA) Moves Ultra Bullish, Expected to Reach $3 by July End
  • Cardano (ADA) is expected to reach $3.
  • ADA price has risen from its lows of $1 on June 22 to $1.41.

By the end of July, the Cardano (ADA) is expected to reach $3. However, there is few positive signals that will push ADA forward. 

July is off to a promising beginning, not only for Cardano but also for Bitcoin, Ethereum, and other altcoins. Notably, the ADA networks develops the platform for increased investor confidence by offering continuous upgrades focused on strengthening the blockchain. 

Moreover, the Cardano price has risen from its lows of $1 on June 22 to $1.41 by today according to CoinMarketCap. More so, the bullish trend on the ADA price approximated a target price of $2 or higher.

Cardano (ADA) Price Chart (Source: TradingView)

More so, the completion of the Goguen stage might be the catalyst for ADA to reach a new all-time high price. However, the highly anticipated fundamental breakthrough could push ADA to reach the next level.

Added to this, ADA prices will break out past all-time highs soon. However, it might chart much higher to possible $3 to $5 territory if it enters the late stages of the bull market. 

Furthermore, Cardano is the third-generation blockchain. The Ethereum killer enables it to completely deploy its smart contract capabilities. Moreover, enabling it to host a wide range of decentralized apps (DApps).

In addition to the proof-of-stake blockchain, IOHK CEO Charles Hoskinson tweeted on Twitter that there would be hundreds of assets, thousands of DApps, and many fascinating initiatives.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.