Cardano Needs A 695% Jump To Hit $2 — One Trader Says It's Possible In Under A Week
Cardano has been stuck below 30 cents for weeks, and its ranking among global cryptocurrencies has slipped to 12th place. Against that backdrop, a trader is now arguing the coin could still reach $...
Source: NewsBTC
Cardano has been stuck below 30 cents for weeks, and its ranking among global cryptocurrencies has slipped to 12th place. Against that backdrop, a trader is now arguing the coin could still reach $2 — and sooner than most people think. Related Reading: Ethereum Sets User Record As Price Lags Far Behind Network Growth The Math Behind The Claim The argument comes from Yesreel, a crypto trader with six years of experience, who posted the projection on social media. Based on his analysis, ADA would only need to string together five to six days of 40–50% daily gains to close the gap between its current price and the $2 target. At roughly $0.25 right now, that gap works out to about 695%. The calculation itself holds up. Compounding works fast when daily percentage gains are that large. A 40% jump per day for six straight days gets ADA to $2. A 50% daily gain does the same in five. The math is real. Whether those gains can happen is a different question. $ADA can go to $2 faster than you thi