Crypto market analysts expect altcoin bottom to be set soon and usher altseason.
Many altcoins are set to break their previous ATHs and ADA shows potential.
Last cycle ADA pulled 150X to surpass $3, can it pull 20x this cycle to surpass $5?
As the crypto market braves though the brutal market dip, altcoins continue to bleed and crypto analysts share their thoughts on the arrival of altseason. Popular crypto analysts like Doctor Profit believe that the bottom is almost in for altcoins.
More specifically, reputed analysts are sharing their expectations for what altcoins will outperform one another and when new ATHs will be placed. Doctor Profit drew light to how altcoins surged over six months between October 2023 and March 2024. He says a similar altcoin spike will arrive once again.
During this phase, many altcoins are set to make new all-time highs. JASMY, TON, NOT, XRP, ETH, ADA, SHIB, DOT and many other altcoins have the potential to break through their previously set ATHs. While some tokens like FLOKI have already set a new ATH this cycle, expectations for another ATH in the coming months is still very possible.
For Cardano’s ADA in particular, many believed the altcoin was dead but Charles Hoskinson himself stepped up to address the masses. He said that ADA is in a very crucial step and a long-awaited hard fork will go live soon for ADA.
Last bull run $ADA did a 150X! From $0.02 to over $3.00!A 20X this cycle from the low of $0.25 to over $5.00 seems reasonableThoughts? pic.twitter.com/EO7HrCbTYl
— Deezy.eth (@deezy_BTC) June 17, 2024
This milestone could trigger a huge price spike for ADA in the long run. As we can see from the post above, ADA once pulled a 150x last bull cycle where it went from $0.02 to over $3. The analyst now believes that ADA can pull a 20x to go from $0.25 to over $5 this ongoing crypto bull cycle.
Indeed, if ADA can achieve this price spike altseason will have arrived. Given Cardano’s constant work over the last few years and its monumental launches like Midnight, perhaps ADA is slowly gearing up for a massive bull rally in the coming months.
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The post Cardano Pulled 150x to Surpass $3 Last Cycle, Can ADA Pull a 20x This Cycle to Set a New ATH Past $5? appeared first on Crypto News Land.
