Guy To Claim Alonzo Upgrade Could Cause Spike in Cardano Price
Well-known crypto analyst and youtuber, "Guy" is a firm believer that Cardano's upcoming upgrades will birth major results regarding the market cap of the digital token.
His predictions first went out to the 1.2 million people who look to him for market predictions via his famous YouTube channel, Coin Bureau.
Guy explained that with the number of pivotal projects in the works, he expects the weeks ahead to be even more integral to the future of the crypto industry. Companies such as Cardano (ADA) are well on the road to reaching significant landmarks.
According to the well-known analyst, who commands one of the biggest audiences in the crypto space, Cardano’s smart contract might be the step to an industry revolution.
Cardano’s Emergence Has Been Long Coming
The coin’s structured roadmap and its well-detailed plans are “terrifying” and “exciting” at the same time, according to Guy. “Terrifying” because of the depth of planning he believes has gone on for a long time. This is also one fact that has often caused admiration or dismissals in some circles, considering figures like Vitalik Buterin have brushed off Cardano’s academic-centric methods in the past.
Cardano's development team is composed of academic-loving individuals like Cardano’s founder himself, Charles Hoskinson, and developers and researchers from various scientific backgrounds. They have always aimed to put Cardano at the driving seat of the “positive advancement of blockchain as a world-changing technology.”
Currently the fifth largest cryptocurrency in the world, the token has steadily risen through the ranks with series of successful developmental phases.
The third phase of its roadmap, dubbed the "Goguen Era", has run for the past few months, while upgrades like multi-asset functionality have already been introduced to the blockchain network. Expected to go live in a few weeks, the Alonzo hard fork upgrade will signal the formal introduction of smart contracts, before a slew of other future integrations which will follow on the Cardano network.
Cardano Could Break ATH
Referencing Cardano’s latest plans and its large community of users, along with commitment from its first ever investors, “Guy’” is of the opinion that the market value of ADA could significantly rise as the year runs its course. He even touts the coin to break its all time high of $2.46 which it set in May.
“I can see ADA reaching $4 to $5 by the end of the year,” he says, “assuming Bitcoin sees another slingshot to the upside in September or October, which is likely in my opinion.”
Guy goes on to compliment the hard work put in by IOHK, the organisation overseeing Cardano, EMERGO, and the Cardano Foundation, noting that years of planning are finally starting to pay off.
Cardano (ADA) trades at $1.38 at press time, according to CoinMarketCap.
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