Cardano and Terra Price Predictions Are Out | CryptoGazette

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New Cardano and Terra price predicitons are out. Check out the latest reports about some of the important digital assets.

ADA and LUNA new price predicitons

Popular crypto strategist Michaël van de Poppe is outlining what’s in store for five altcoins including smart contract platform Cardano (ADA), and decentralized finance payment network Terra (LUNA).

The crypto analyst said that he expects Cardano to continue rallying now that it has taken out its immediate resistance at $0.60.

“Looking at $0.60 flip for longs too, and that would give a potential target of $0.77 as the next run.”

At the time of writing, ADA is changing hands for $0.59 – this is up over 10% in the last 24 hours.

Next up is LUNA, which Van de Poppe says is unable to sustain any bullish momentum.

“Can’t really say much. Trending south, so if $6 is lost, I’d be looking at $4.50-$5 for some scalps. Maybe even shorting the breakdown.”

Cardano decouples from other cryptos

In a new video, the host of financial education YouTube channel InvestAnswers says the upcoming rollout of the Vasil hard fork this month is driving ADA’s current rally.

“It always rallies before hard forks. It’s pretty obvious that the spike right now is due to the Vasil hard fork, which has supposedly a lot of great stuff coming: a lot more scalability in terms of TPS [transactions per second], a lot more smart contract functionality, a lot more DeFi [decentralized finance] capabilities, etc.”

He also made sure to say that the network upgrades are historically bullish for ADA. Check out what the host said below.

“If you look back at history, you can see back to the Shelley hard fork in July 2020, Cardano went up 500% and that was, I think, Mary in March 2021, it went up 1,100%.”

He continued and said this:

“It was a big move up to that hard fork while the most recent Alonzo update saw the DeFi asset rise about 135% and reach an all-time high of $2.96.”


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