The NOT price is supported by Notcoin’s attempts to bring more users into the gaming ecosystem. According to analyst Yashu Gola, NOTE will enter a major upward movement in the coming weeks. Meanwhile, crypto analyst Fiery Trading, who evaluated Cardano’s price trajectory, talks about utopian numbers. The analyst’s claim mentions a new turning point for the altcoin price.
NOTE technical analysis: There is 100% price increase potential for the altcoin!
cryptokoin.com As you follow from , the Notcoin team announced on June 25 that they burned 210 million NOT tokens worth $3 million in one day. This attracted the attention of traders. Therefore, this breakthrough helped the altcoin price reach $0.0164, an increase of up to 16.40%. Price chart techniques indicate that NOT’s ongoing price rally is part of a broader recovery after the token tested the lower trend line of the prevailing falling wedge formation.
Falling wedges are considered bullish reversal patterns characterized by two downward sloping trend lines converging towards each other. As a rule, they resolve after the price rises above the upper trend line and rises by the maximum range between the upper and lower trend lines. Just as technical factors are applied to the NOTE’s bullish scenario, the upside objective for July is in the mid-$0.023 to $0.0031 range, up 45-100% from current price levels depending on the breakout point.
Fiery claims ADA price will rise to $40!
Fiery Trading recently published its findings regarding the possibility of the price of Cardano (ADA) rising up to $40. According to their findings, if Cardano continues to move in the same channel, it can reach its goal of $40. But there is a rule. While the crypto market is losing its battle with the bears, such a great goal can be achieved when the bull market begins.
Fiery also emphasizes that since the value is really low, the current moment is the most suitable entry for the best interests in the future. However, he acknowledges that the intent is beyond imaginable ranges. But he says it’s worth the risk. If ADA follows this prediction, the target will be 13 times the all-time high of $3.10. This seems to be beyond investors’ expectations.
What happens if this price prediction comes true for the altcoin?
Cardano is in a complete dump and waiting for it to rise to $40 will put this cryptocurrency in a much better position than that. There is a total supply of 36,994,116,265 and 79% of the total supply is in circulation. With a circulating supply of 35,744,736,995 ADA, Cardano’s market value is $13,926,389,968. If the ADA price were to be $40 instead of the current $0.3899, the market value would be $1.42 trillion. Therefore, it would reverse the market value of Bitcoin, which has a market value of $1.2 trillion. If an investor buys $100 worth of ADA today, they can buy 256.47 ADA. When the price reaches $40, it will turn into $10,259 and make a profit of $10,159.
The opinions and claims in the article are those of analysts and are not necessarily investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.