Michael van de Poppe, a popular analyst has recently published a video in which he was seen looking at the key levels that Cardano (ADA) needs to maintain in order to keep up with the bullish trend and surge higher. The popular analyst was looking at ADA/BTC and ADA/USDT, and while doing so he noted that there is a chance of the price of the asset falling back down to the levels of 2,900 satoshis per ADA token. Michaël Van De Poppe Points Key Levels for Cardano (ADA) As reported by CryptoGlobe earlier this month, the analyst said that the native currency of Cardano, ADA, was showing significant strength against BTC in a bull cycle. In addition to this, it was also revealed that the price of the currency is expected to move up further to the level of 6,200 satoshis as the present levels at which the crypto asset is being traded is 3,900 satoshis. Laying an eye on the ADA/USDT trading pair, the popular analyst said that he is expecting Cardano to rally as long as it can maintain to remain above the level of $1.38 and said: “When you look at the USDT pair, you can see the crucial area of support is also holding up here [around $1.38]. If that is lost, the entire structure of higher highs and higher lows is being lost in general here, meaning that I’ll be looking at the $1 area in general for Cardano at this stage.” Etheruem Founder Vitalik Buterin Says Interesting Things Coming Out of ADA In a report shared by Daily Hodl, the Founder of Ethereum was found saying: “There are definitely interesting ideas in there. I do think Cardano takes a bit of a different approach than Ethereum in that they really emphasize having these big academic proofs for everything, whereas Ethereum tends to be more okay with heuristic arguments. In part because [Ethereum is] just trying to do more faster. But there are definitely very interesting things that come out of IOHK Research.” Buterin’s comments about Cardano appeared during the #188 episode of the Lex Friedman Podcast.
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