Quick update here. We reached target 1 at 1.40, we're now hovering around 1.46$. That's great news. Since Bitcoin dropped from ATH, I was amazed by ADA resilience. Coincidently, that's when Bittrex started to Stake Cardano. Could be good to know how much ADA is staked in exchange... Anyway, let's take a look at the chart.
That was the previous chart with the targets.
We'll know more when the candle closes tomorrow, but for now we look in good route towards 1.68$.
Recent updates in the Cardano network may have triggered the price rally. ADA has been approved for listing on Japanese cryptocurrency exchanges. Japan has one of the hardest listing requirements globally, and ADA now features in the list of a handfuls of cryptocurrencies on Japanese exchanges.
So the future is bright. Personally, I consider Ada a great asset to trade (short/mid-term), but it's also a token worth holding for the long term. Many see Ada going to 5$ before the end of 2021... Not sure if it's goanna happen, but I really see it as a ETH fierce competitor.
So, 2023/2024 I wouldn't be surprise to see ADA around 1 000$. Well that's just fantasy, we can dream no? For now, let's stick to the charts.
Good luck and good Profits.
GGP
Not financial advice just my opinion! DYOR