Cardano: Are you now heading towards US $ 5?
- The Cardano price is still 0,37 US dollars
- Within the last 7 days: + 24 percent
Bitcoin's volatility may be a deterrent, especially for private investors. Because if it goes in the direction of 40.000 US dollars, the correction towards 35.000 US dollars follows - and a correction that can even lead to below 30.000 US dollars cannot be ruled out. But a breakout that catapults the Bitcoin price above 42.000 US dollars is also possible.
Corrections are normal. And at the end of the day, corrections are always a chance to get started again.
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Which altcoins should I watch out for?
In addition to Bitcoin, there are also other cryptocurrencies that are very attractive due to their low price and the potential that lies dormant in them. Michael van de Poppe has created an overview on Twitter which Altcoins should be given more attention due to possible price developments.
Crypto investments are managed by eToro (Europe) Ltd. offered and the custody is carried out by eToro Germany GmbH. Your capital is at risk.
Ethereum is expected to reach a price between US $ 7.500 and US $ 12.500, Cardano even rise to US $ 5. At the current time, Ethereum is $ 1.220 - Cardano is $ 0,37.
Cardano is particularly interesting because it has achieved an increase of 30 percent in the last 130 days. If you look back on the previous year's level, the increase is even 758 percent! Within the last seven days, the Cardano price rose by 24 percent. The cryptocurrency is clearly bullish.
Summary
Of course, the US dollar limit may still be a long way off, but Cardano has already reached US $ 1 (previous all-time high, set on January 1,18, 4). A bull run could catapult the cryptocurrency over $ 2018 relatively quickly - and then drive it towards $ 1.
Michael van de Poppe's forecast may be optimistic, but it is by no means unrealistic.
