Cryptocurrency analyst and influencer Ben Armstrong expects Cardano’s rally to continue for the next six months.
Armstrong predicts that by October 31st, Cardano (ADA) will have hit the $8.00 mark. At that point, he says investors will begin to take profits.
“By the end of, you know, the altcoin cycle, I think it will be around Halloween, I can see Cardano reaching $8. I can see a lot of people wanting it to get to $10. And I think between $8 and $9, people will start taking profits, – and that will kind of be the end.”
At the time of writing, Cardano is trading at $1.23 and would need to appreciate by over 700% to reach a price target of $10.
Armstrong reveals he believes Cardano is ‘going to be around for a long time’ as its adoption grows.
“We’re seeing now like some institutions are looking at Cardano. And I think there’s a reason for that.