BitBoy Crypto Weighs On ADA Hitting $100 After Mithril Launch on Cardano Mainnet
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Ben Armstrong drops a hot take on ADA price action following implementing a critical technological upgrade on the Cardano mainnet.
On July 30, the decentralized proof-of-stake blockchain Cardano experienced a technological upgrade codenamed Mithril. The launch of this stake-based protocol came as the Charles Hoskinson-led team sought to reduce the node-synchronization time on the Cardano blockchain.
Given this strategic development, several Cardano investors and proponents have predicted varied percentage gains for ADA. Among those who have weighed in on ADA’s future price is the popular crypto influencer Ben Armstrong (AKA BitBoy). In a Tuesday Youtube strategy session , BitBoy and other reviewers discussed ADA’s potential to post a multi-digit gain as widely forecasted.
Could ADA Hit $100?
Citing Mithril’s launch on Cardano mainnet, some experts have predicted ADA to eclipse $31 per coin in the near term. On the other hand, other analysts have speculated that ADA could reach $100 later.
Reacting to these predictions, Armstrong remarked that less than 10% of market participants invest in crypto assets based on network developments. He implied that Mithril’s launch on Cardano mainnet may not trigger a massive rally for ADA as expected.
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