Here’s what ‘Cardano doesn’t care about’ but is willing to…

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Bitcoin has been the buzz of the town for the past two weeks, first because of Elon Musk, then because of its price. Despite evidence of ‘extreme panic’ in the market, most retail traders saw this as a chance to ‘buy the drop.’ At the time of writing, Bitcoin’s price had risen by roughly 6% (in the previous 24 hours) to trade slightly under $37,000.

Though BTC’s dominance fell to 41%, this was another sign that altcoins might grow in the present market. Michaal van de Poppe, a Dutch crypto trader and expert, recently tweeted that the rate at which bitcoin was consolidating was ‘fine.’ He also predicted that altcoins like as Ethereum and Cardano will surge after Bitcoin hit bottom.

Source: Twitter

According to the expert, ‘the altcoin market capitalisation is still holding above the 21-Week MA.’

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He went on to discuss the two “hot trending coins,” Ethereum and Cardano. In terms of Cardano’s price trajectory, the expert had predicted a bullish run in previous analyses, and this time was no exception. The same was the topic of discussion in a recent Youtube video.

With reference to the graph below, the analyst said: ADA/BTC pair was ‘attempting to target a new yearly high somewhere in the 0.000062 area, with potential gains of 34.7% from its current price of 0.000046. This could result in Cardano going above $3.’

He stated:

“Cardano doesn’t care and is ready for new yearly highs on the Bitcoin pair.”

ADA/BTC:

Source: Twitter

 

Moreover, the ADA /USDT pair painted a similar picture. He stated:

“Cardano also showing continuation here, that’s great. However, it must hold current support at around $1.50.”

ADA/USDT:

Source: Twitter

Having said that, the renowned crypto analyst was quick to acknowledge another important aspect as well. He tweeted:

 

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At the press time, the 5th largest coin was trading at the $1.57 price level with a surge of around 0.35% in the past 24 hours.

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