Ben Armstrong says the Cardano price will go up by October – that’s how high it could go

Cryptocurrency analyst and influencer Ben Armstrong believes the Cardano rally will continue for the next six months.

Armstrong predicts that Cardano (ADA) will hit the $ 8.00 mark by October 31st. At that point, he says, investors will start taking profits.

“At the end of the altcoin cycle, I think it will be around Halloween, I can see Cardano hit $ 8. I can see a lot of people wanting it to be $ 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 gain over 700% to hit a target price of $ 10.

Armstrong reveals that he believes that Cardano “will go a long way” if its adoption increases.

“We now see some institutions looking at Cardano. And I think there is a reason for that. They understand the long term game, the slow roadmap. “

The cryptocurrency influencer and analyst adds that he believes the upcoming initial public offering (IPO) for cryptocurrencies including bitcoin is bullish.

“… I think Coinbase’s IPO will involve a lot of manipulation as it is beneficial for Coinbase. If you look at Coinbase’s rating, it’s directly tied to Bitcoin’s price.

“There are a lot of people in crypto with a lot of money. And a lot of these people are tied to Coinbase. We know that Coinbase was in the laundry trade a few years ago. They just got a heavy fine for this. So we know it’s not among them.

Of course, they could probably hide it a little better now. I think we’ll see … it will be beneficial for everyone, including Coinbase, if the price of Bitcoin goes up on the day of the IPO on April 14th. “



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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and that any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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