Amid the bearish trend that has engulfed the ADA price, a crypto analyst has come forward to present an interesting bull case for the crypto’s price. In the prediction made on X (formerly Twitter), the analyst Kara Szabo points out that they expect the price to rise as much as 2,000% from its current level and a possible timeline is presented.
ADA Price Could Rise As High As High
The analyst points to the performance of ADA in the last bull market as a pointer toward what is to come. However, this is not the only reason for the bullish prediction as she also notes the token’s supply and initial distribution as a good reason for this stand.
Szabo explains that the initial distribution of ADA’s 45 billion supply was very good. Also, a good portion (30.90%) goes to staking rewards which enable holders to earn between “3% to 6%” gains while waiting for the next bull market to roll around and prices begin to recover.
Another important factor in the prediction is the Cardano commun
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