Cardano price looks ready to retest $2.50 with rising scale of adoption – FXStreet

Ekta Mourya Ekta Mourya
FXStreet

“Ethereum-killer” Cardano has witnessed a spike in adoption as the on-chain activity in the network increases. Analysts have predicted a rally in Cardano price, setting a target of $2.50 for the altcoin. 
Cardano founder Charles Hoskinson believes that projects like Ethereum-killer ADA on the blockchain will eventually be “as ubiquitous as the internet and be used by billions in the future.”
Hoskinson is bullish on Cardano’s adoption. The Cardano founder is of the opinion that despite slow upgrades in the ecosystem, the blockchain is making progress toward mass adoption. There is less hype and more upgrades in the Cardano ecosystem, according to Hoskinson. 
In a recent blog post, Hoskinson wrote:
Our view is that these protocols will be as ubiquitous as the internet…This scale of adoption will take years to decades, not weeks to months, and won’t be a meme.
Analysts are bullish on Cardano. @Ezy_Bitcoin, a pseudonymous cryptocurrency analyst evaluated Cardano price trend and noted another leg down. The analyst believes that Cardano price trend is forming a head-and-shoulders pattern, which is considered bullish for the altcoin. 
$ADA, one more leg down. But looks like the right shoulder is forming (head and shoulders pattern) pic.twitter.com/FViQULGgpu
Despite offering negative three-month returns to holders, Cardano price looks ready to climb higher. Cryptocurrency analysts at the YouTube channel Crypto Krystian have a bullish outlook on Cardano price. 
The analysts believe that Cardano broke out to an important price level of $1.33. Crypto Krystian analysts predicted an uptrend in Cardano. 
FXStreet analysts are of the opinion that Cardano could enjoy explosive upside potential once the price breaks $1.50. 
 

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