Ben Armstrong is Bullish on Cardano, Buys 1 Million (ADA)

Ben Armstrong Bought 1 Million ADA

Cardano has seen one of the most significant prices jumps among the major altcoins this year. Currently, valued at $1.77 at the time of writing, the cryptocurrency is more than 10 times more valuable than it was on January 1 and currently sits in the top five cryptocurrencies by market cap.

In his latest YouTube upload, crypto analyst and influencer Ben Armstrong expressed his bullishness on ADA cryptocurrency, even revealing the fact that he bought 1 million of the altcoin:

He goes on to predict that ADA has the potential to surge to 4 times from its current price to reach an estimated target price of $6.8. He adds that eventually, ADA has the potential to reach $9 this year:

“My price prediction conservatively for Cardano in this cycle is a 4X from its current price of $1.70, which would be $6.80. But here’s the thing that’s setting ADA up for such a big pump. It’s shown amazing resilience to price fluctuations compared to other adults during this bull run. It’s smashed its all-time high repeatedly… I predict in my most bullish scenario that ADA can hit 8 to 9 dollars this year.”

ADA Could Hit $5 Price Mark: Michaël van de Poppe

Earlier last week, another popular crypto trader and analyst Michaël van de Poppe predicted that Cardano (ADA) has the potential to reach $5.

According to him, for ADA to hit the $5 mark, it has to break its current $1.8 resistance level where the cryptocurrency could surge to $3.35 based on Fibonacci analysis.  Following that, ADA will have the free will to hit the $5 mark.

Furthermore, he stressed that Cardano should hold onto its support at around 4,000 satoshis in the ADA/BTC pair so that it can upside against the flagship currency Bitcoin in terms of market capitalization.