Famous crypto analyst “Crypto Capo” stated in a statement on Twitter that Cardano could reach $ 40 in the long term.
Crypto Capo had previously made an important prediction about Cardano. In his technical analysis of Cardano’s price action in March, the analyst stated that the value of the asset would be between $ 3-4 in the medium term and could exceed the $ 30 threshold in the long term.
Crypto Capo recently updated its long-term price target for Cardano.
The analyst posted a new post the next day to confirm that Cardano is on the rise:
TradingView data shows that Cardano value has now reached an intraday high of $ 1.6017. At the time of writing, the asset is traded at $ 1.50 according to Coinmarketcap data.
It is worth remembering that since the beginning of the year, the value of Cardano has increased by 718.93%.