Popular crypto analyst Rekt Capital spoke about ADA and Bitcoin.
The analyst believes that ADA, the native token of the Cardano network, could explode if it holds a critical level.
In his statement on Rekt Capital X, he suggested that ADA could reach $0.72 if it manages to hold the $0.51 level.
At the time of writing, ADA is trading at $0.56, according to CoinMarketCap data.
Impact of Bitcoin halving
The analyst emphasized that there may be a significant decline before the Bitcoin halving, which is expected to take place in April 2024, and then it may rise again, just like the 2020 halving.
“The goal is to find a buying opportunity in the pre-halving period and continue the parabolic rise after the halving.”
At the time of writing, the leading cryptocurrency Bitcoin is traded at $41,132, according to Bitstamp data.
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