Why Cardano (ADA) Could Rise to as High as $3 This Year

Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year. The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token.

Crypto analyst Sebastian believes that Cardano (ADA) could rise to as high as $3 this year, thanks to several key developments.

1. Cardano’s Partnership With Argentina

Cardano Foundation recently announced its partnership with Entre Ríos, a central province in Argentina. This move is aimed at fostering blockchain adoption in the country. The partnership will also benefit ADA as it will help the network break into the Argentine market.

2. Chang Hard Fork

This network upgrade is supposed to usher in Cardano’s “Voltaire” era, focusing on decentralized governance. Once this Chang Hard Fork occurs, the Cardano network will become more community-driven, which can help uplift the Cardano ecosystem and further boost investors’ confidence.

3. New dApps Launching On Cardano

The launch of these dApps will help increase Cardano’s network activity and ultimately positively impact ADA’s price since the crypto token will gain added utility.

4. 1.5 Billion Cardano Tokens Being Unlocked

These funds could be used to promote the Cardano ecosystem and attract new users. However, some of his followers disagreed with him in this regard, noting that unlocking this significant amount of tokens would only put massive sell pressure on ADA.