Thread by @ShillMoBaggins

#CARDANO #ADA price prediction for this bull market top & my rational as to why I arrived at this number, a 🧵🪡

#CARDANO was launched in Sep. 2017. Amid the early days of development of the Cardano blockchain the cryptocurrency market saw a bull market that topped out in

January 2018. #Cardano reached a MKCap of $30,577,013,248 on Jan. 4 2018 for a $1.34 #ADA. In the next bull market in 2021 #ADA’s MKCap saw an increase of 210.70% from its last all time high for a $95,003,730,488 MKCap or a $3.10 ADA price. Keep In mind all these appreciation in

ADA value over the years were before any development on its chain. It’s the year before the halving again but this time #CARDANO has a robust blockchain with a healthy ecosystem full of utility building on it which drives value pretty aggressively if history is any Indication.

Take #Ethereum for example in 2017 ATH MKCap was $140,419,500,476 & in 2021 #ETH’s MKCap went up by 307.11% for a $571,665,766,496 MKCap as a result of aggressive development on the chain.

I am fully aware of the laws of diminishing returns in a particular asset in investing

but my analysis tells me that the perfect STORM of developing in the time line of the year before the halving coupled with the ongoing rapid DEVELOPMENT of our flourishing ECOSYSTEM will OUT WEIGHT any possible effects of diminishing returns and as a result #CARDANO will see

another 210% increase in MKCap from its last All Time High, bringing Cardano to a $295,011,191,464 MKCap or approximately $8.42c #ADA however if the effects of diminishing returns out weight the effects of the value gained by the development within the Cardano ecosystem,

I still don’t see our percentage gain from last ATH less that 150% for a $237,903,730,488 MKCap or approximately $6.79 #ADA price. In conclusion i’m expecting a $6.79 to $8.42 ADA price for this cycle top.