Expert Predicts Cardano Price Surge as Hoskinson Touts Midnight Potential

crispus
Updated
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Cardano price to rebound soon

Highlights

  • Cardano price could be on the verge of a strong bullish breakout after the recent crash.
  • One popular analyst believes that it may jump by over 100% from the current level.
  • Charles Hoskinson expects that Midnight will solve the challenges affecting the network.

Cardano price rose by nearly 4% today, Nov. 5, as the recent crash eased. While this rebound could be a dead-cat bounce, one analyst expects that the token could be on the verge of a bullish breakout. Also, Charles Hoskinson, its founder, believes that Midnight will address its key problems. 

Frequently Asked Questions (FAQs)

1. What is the most likely Cardano price prediction?

One analyst believes that the Cardano price has more upside after falling to a crucial support level. He expects it to more than double from here.

2. Is Cardano a good coin to buy today?

It is still risky to buy the ADA token today because the ongoing rebound could be part of a dead-cat bounce.

3. How will Midnight boost Cardano?

Charles Hoskinson believes that the upcoming Midnight sidechain will boost its network and eventually its price.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

ADA

Cardano

$0.54587611 3.63% (24h)

24 Hours volume

$1.74B

Market Cap

$20.86B

Max Supply

45B

Buy $ADA with MEXC
About Author
About Author
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.