{"id":127614,"date":"2021-06-04T14:25:21","date_gmt":"2021-06-04T14:25:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127614"},"modified":"2021-06-04T14:25:21","modified_gmt":"2021-06-04T14:25:21","slug":"cardano-crypto-analyst-says-he-is-so-bullish-on-it-that-he-has-bought-1-million-ada","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/cardano-crypto-analyst-says-he-is-so-bullish-on-it-that-he-has-bought-1-million-ada\/","title":{"rendered":"Cardano: Crypto Analyst Says He Is So Bullish on It That He Has Bought 1 Million $ADA"},"content":{"rendered":"<p>Last weekend, Crypto analyst and influencer\u00a0Ben Armstrong, who is the host of\u00a0YouTube channel \u201cBitBoy Crypto\u201d, talked about\u00a0about Cardano ($ADA) in a video for his super popular YouTube channel.<\/p>\n<p>Armstrong had this to say about Cardano:<\/p>\n<p>\u201c<em>Their roadmap is painstakingly mapped out to capture any corner cases keep the bugs to a minimum. Even on their website, they describe Cardano as peer-reviewed and evidence-based. This laser focus means that Cardano is primed to be a lean powerful machine ready to take the lead over their competitors.<\/em> <em>To say, I\u2019m bullish though on Cardano is an understatement\u2026 Besides all the nerd talk about peer reviews, Cardano Founder Charles Hodgkinson has made it a point to embrace decentralization, call it out often\u2026<\/em><\/p>\n<p>\u201c<em>Cardano Is looking to help second and third world nations come out of poverty and better their people. A lot of the reason countries like Colombia or Botswana are struggling is because they lack the infrastructure to protect people\u2019s property. How can you show proof of ownership of land or farming equipment or an insurance policy if the government or insurance companies only have a paper trail leading back to when the last military coup burned<br \/>all the documents in town five years ago or paid Russian hackers to wipe those servers\u2026<\/em><\/p>\n<p>\u201c<em>I bought Cardano back in January, when it was around 15 cents for ADA. I saw its potential and went big: I bought a million ADA. So far, that\u2019s really worked out well for me. Really, really, really well\u2026<\/em><\/p>\n<p>\u201c<em>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\u2019s the thing that\u2019s setting ADA up for such a big pump. It\u2019s shown amazing resilience to price fluctuations compared to other alts during this bull run. It\u2019s smashed its all-time high repeatedly\u2026 I predict in my most bullish scenario that ADA can hit 8 to 9 dollars this year.<\/em>\u201c<\/p>\n<p>According to data by TradingView, on crypto exchange Kraken, currently (as of 13:40 UTC on June 4), ADA is trading around $1.7001, up 835.66% in the year-to-date period.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2021\/06\/TV-Chart-Kraken-ADAUSD-YTD-4-Jun-2021-1-1280x755.png\"><\/p>\n<p>https:\/\/youtube.com\/watch?v=exuNwAdCcZ0%3Ffeature%3Doembed<\/p>\n<h2><strong>DISCLAIMER<\/strong><\/h2>\n<p><em>The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2021\/06\/cardano-crypto-analyst-says-he-is-so-bullish-on-it-that-he-has-bought-1-million-ada\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last weekend, Crypto analyst and influencer\u00a0Ben Armstrong,<\/p>\n","protected":false},"author":3,"featured_media":127613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano: Crypto Analyst Says He Is So Bullish on It That He Has Bought 1 Million $ADA - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/cardano-crypto-analyst-says-he-is-so-bullish-on-it-that-he-has-bought-1-million-ada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano: Crypto Analyst Says He Is So Bullish on It That He Has Bought 1 Million $ADA - 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