I'm Selling My Cardano (You Won't Believe What I Saw)

The speaker analyzes Cardano's past performance, particularly the 2020-2021 cycle, to predict its future price. By comparing the current cycle to the previous one, the speaker believes Cardano could see significant gains, potentially reaching $6.80 to $8.40, depending on Bitcoin's price trajectory. This prediction is supported by historical trends and technical analysis, leading the speaker to sell Cardano at 4,000 sats and potentially miss out on further gains.

Cardano Monthly Returns

• 00:00:17 Cardano's monthly returns in 2020, particularly a strong November and December, suggest similar performance in 2024 and 2025. The 2020-2021 cycle is seen as a good analog for the current cycle. This suggests that if the current cycle follows the pattern, Cardano may see substantial gains in December 2024 and the beginning of 2025.

Cardano vs. Bitcoin

• 00:01:38 Cardano's price against Bitcoin experienced a pullback in December 2020, despite a positive performance in USD terms. The speaker notes a trend line in the Cardano/Bitcoin chart, predicting Cardano to slow down and potentially fall against Bitcoin in the coming months. The speaker anticipates a 9-month and a 1.5-year drop.

Cardano Price Prediction

• 00:03:25 Based on the 4,000 sats target, the speaker predicts a potential 300% pump for Cardano priced in Bitcoin. Depending on Bitcoin's price trajectory, this could result in a low-end target of $6.80 or a high-end target of $8.40. These targets are supported by a trend line on a log chart showing Cardano historically topping out at these levels.

Bitcoin Price Prediction

• 00:03:51 The speaker anticipates two possible price targets for Bitcoin: a low end of $160,000-$170,000 and a high end of $240,000. These targets are based on a 70% and a higher pump from the current Bitcoin price, respectively. The speaker cautions that Cardano may top out after a Bitcoin retracement rather than at Bitcoin's absolute peak.