Because TradingView doesn't offer a longer history for ADA I had to just imagine the lows and highs of last bull cycle. According to the Fibonacci Indicator we'll see a 4.5$ ADA in this bull cycle. ETH already hit it's top in the Fibonacci Indicator, a lot other Altcoins are still very low in comparison to the last bull cycle. I am very into Cardano and I think we will hit one day the 1 Billion Market Cap and have a price of around 35$ for one ADA. but we will have to wait for that a bit.
I think when this bull cycle is over or is still running, a lot more institutions will jump in and there will be a MEGA cycle.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.