TL;DR
Cardano’s native token – ADA – has recently made the headlines due to its rapid price increase. It surpassed $0.40 on November 16 (for the first time since April 2023), while some analysts arguing this is the beginning of a massive rally that could take the asset to a new all-time high in the near future.
Dan Gambardello – Founder of Crypto Capital Venture – is among those. He argued that ADA could be currently in a pre-bull run condition, envisioning the coin’s price to explode months after the BTC halving (scheduled for next spring).
Specifically, Gambardello predicted that the token’s market capitalization could skyrocket to $400 billion in 2025, whereas ADA might hit an all-time high of approximately $11.
The analyst reminded that the asset experienced a massive price increase one year after the previous halving, spiking from less than $0.10 to around $3 in the summer of 2021.
Other analysts, including Lucid and FieryTrading have presented even more bullish ADA forecasts. The former believes that global inflation could lift the cryptocurrency market capitalization to $10 trillion in the following years. For its part, ADA might explode to $30.
FieryTrading observed certain charts that indicate the asset could skyrocket to $35 by 2025. “Assuming that the bull-market top will be somewhere in 2025 and that ADA will continue to follow this pattern, we can make the assumption that ADA will top somewhere above 35$,” they claimed.
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