If prices rise to 1000% after the US presidential election, the potential value of Cardano (ADA) coin after the US election could increase from 2021 to 2 times the historical high.
The results of the recent election, especially the victory of Donald Trump, a candidate who supports #cryptocurrencies , had a positive impact on the entire cryptocurrency market.
As early results pointed to Trump's victory, #bitcoin (BTC) quickly reached new all-time highs (ATH), triggering a significant market rally that also benefited #Cardano .
Within days of the Republican candidate's victory, bitcoin soared above 93,000 and set a new ATH.
Cardano started its uptrend later than some other cryptocurrencies, but has begun to catch up. Cardano (ADA) is currently up 1% over the past 41.79 weeks, making it one of the top 20 cryptocurrencies by market capitalization 1.
its price recently reached 00.6599, followed by a slight pullback.
at the time of writing, #ADA is trading at 0.737.
If it continues its upward momentum, it could reach its all-time high again. Market analyst Max Maher suggested that Cardano could achieve an impressive 1,000 percent rise on May 8. Here's what will happen if Cardano continues to rise:
100% rise: When ADA rises 100%, it could return to ADA1, reaching approximatelyと1,2342.
This level has not been reached since 2022/4.
500% growth: With a 500% increase, Cardano will surpass the previous ATH above 3.1, potentially reaching around 3-3.7.
At this price, Cardano's market value will rise to ¥12.956 billion, placing it among the top 4 largest cryptocurrencies.
A 1,000% increase: According to Maher's prediction, a 1,000% increase could actually raise Cardano's price to 6.78, effectively doubling the previous peak of $2. It's worth noting that analyst Ali Martinez also predicted an increase to 66.
these predictions are based on Cardano's past performance. After the 2020-2011 U. S. election, the ADA index rose 85% to 0.0930 yen from 0.1720 yen.
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