The analyst who grew his following after nailing Bitcoin’s collapse in March 2020 says he’s eyeing an incredibly bullish long-term target for Cardano (ADA).
In a new tweet, the pseudonymous trader known in the industry as Capo says that he believes Cardano could ignite a massive 25x parabolic move from its price of $1.18 en route to a bull market top of $30.
“ADA not going to lie, it looks very bullish for the mid and long-term.”
Cardano’s market cap would hover around $1 trillion if its price manages to skyrocket to $30.
Prior to hitting his remarkably bullish target, Capo thinks that in the mid-term, ADA can surge as high as $4.
Looking at ADA/BTC, Capo predicts that the pair is gearing up for a 100% surge from its current value of 0.00002 to 0.00004.