In a recent video, the crypto strategist Alex Becker analytically explains his bullish view on Cardano (ADA) and predicts that Cardano Ecosystem will pump 10x soon.
“Cardano is pumping hard. The question is what will these pumps trigger. If we look at Binance Smart Chain massive rise…It’s obvious what could happen”.
According to the trader, Ethereum (ETH) can continue to rise to $4,000 soon, making 15% gain at the time of the video, however, he believes that it is overbought and possibly going back down to $2,700 or $3,000.
Regarding Cardano (ADA), as Cardano’s testnet is coming out on 29th May and going forward to the mainnet launching, the trader says that it is what going to kill Ethereum.
“My prediction is we’re going to see Cardano provides the best returns this bull run”.
He further explains:
“Things are still in the early stages with this altcoin. However, with upcoming protocol upgrades, expect it to become more widely used in DeFi. Among other things, these upgrades will enable smart contracts on the Cardano blockchain”.
Talking about the long-term aspect, the strategist believes that the continued enhancements to this coin’s blockchain will help proliferate its usage.
“In turn, this will help put more points into the price of ADA-USD. However, expect this to play out over the course of years. This notion may turn off investors looking for a “fast money” opportunity. For that type of trade, you may be better off chasing whatever flavor-of-the-month altcoin is making new highs on speculation”.
In addition, Becker also shares a portfolio of altcoins that he is seeing “juicy gains” includes Elrond (EGLD), Harmony (ONE), Avalanche (AVAX).
“If I‘m looking for safe places to throw money into right now, that’s where I’m gonna do”, he says.
Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.
Read more:
- Best Altcoins To Buy Now To Turn $1,000 Into $10,000 This Week, According To Top Analyst Randall Trzaska
- Here Is The Perfect Crypto Portfolio For New Investor, According To The Top Strategist Altcoin Daily