According to Mike Jenkins Cardano Will Hit $5!
According to Mike Jenkins, popular strategist, and analyst from crypto channel Coin Bureau, "Cardano will hit $5!"
The upcoming
Cardano (ADA) update could bring ADA to $5, according to the famous analyst. Popular strategist and analyst Mike Jenkins from crypto channel Coin Bureau talked to his subscribers about the upcoming Cardano (ADA) update and how effective it will be for the altcoin project in question.
Mike Jenkins has this to say on the subject:
"Cardano's upcoming smart contract update may be one of the most significant developments this industry has seen to date… Cardano (ADA)'s smart contract capabilities have been around for years, and it looks like we may be in the final stages of this revolutionary rollout."
Jenkins has revealed the last milestones Cardano has achieved in the past few months. In March, Coinbase finally listed ADA, making the first update of the Goguen era and naming it a "Mary" hard fork. In April, IOHK formed a partnership with the Ethiopian government. Also in April, the University of Wyoming began staking ADA for additional income. In May, ADA was added to the Revolut mobile banking app. In June, ADA became available for lending and borrowing on Nexo. In July, ADA was added to Grayscale's Digital Large Asset Trust.
Now, strategist Jenkins states that
Cardano is preparing to complete the next phase of the update, called “Alonzo,” which will officially introduce smart contracts. Alonzo is expected to go live in late August or early September. Analyst Mike Jenkins used the following statements:
"The good news is that Alonzo is on time. Given that Charles announced the start of Alonzo at the end of May, IOHK's 90-day timeline indicates that the end of August is possible."
According to Jenkins, ADA can be expected to reach $4-5 by the end of the year, assuming Bitcoin starts another upward move, possibly in September or October.