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Cardano (ADA) hits a new ATH, surpassing $ 1.8 What is the next target?

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rtonline
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While Bitcoin (BTC), which is the top cryptocurrency by market cap, has a great difficulty in exceeding $ 60,000, Cardano (ADA) continues its successful rise that it caught in May. Bitcoin (BTC) wants to reach a new high, but is currently unable to overcome sales demands. On the Cardano (ADA) side, everything is progressing positively right now and its success continues to rise. ADA hits a new ATH, exceeding $ 1.8 for the first time. ADA managed to break the all-time record at $ 1,833. Will ADA be able to continue its successful rise? and what is the new target?

ADA continues its upward trend that it caught in May. ADA, which fell below $ 1 in April, recovered in a very short time and caught an upward trend again. ADA broke the all-time record by reaching $ 1,833 and rose to the 5th rank by market cap. It is currently trading at $ 1.81.

May is an important month for Cardano (ADA). New projects are expected to be announced this month. In addition, test studies on smart contracts will begin this month. A presentation on Cardano's light client protocol Mithral and the new hydra prototype is expected towards the end of this month. Everything seems to be fine and going as planned for now. There is a roadmap for Cardano (ADA) determined by 2025. According to this road map, I think ADA will be more valuable by 2025, if everything proceeds in order and as planned.

I also think that it is more important whether the asset outperforms Bitcoin (BTC) than if an altcoin increases relative to its USD value during a bull market. When we examine this way, ADA performs better than Bitcoin. This signals that you can reach higher. The ADA investor is increasing day by day and also the ADA investor does not intend to sell their investments in the short term. Investors generally consider ADA as a long-term investment. I think this is very important for a cryptocurrency. Investors often make long-term investments in assets they trust.

Also, considering the projects and updates to be added this month, ADA may exceed $ 2 in May. Finally, I would like to point out that if everything goes as planned and there is no negative situation in the cryptocurrency markets in general, ADA may test to exceed $ 3 in the coming months.

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