Expert Predicts Cardano Price Surge as Hoskinson Touts Midnight Potential
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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.
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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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