TL;DR
Cardano’s native token – ADA – has been on a substantial uptrend in the past few weeks, marking a 50% price increase on a 30-day basis. Numerous experts have predicted that the asset might experience a further rally in the near future, with the popular cryptocurrency analyst using the X (Twitter) handle Ali being among those.
They claimed that ADA’s current status mirrors its condition during the 2018-2020 cycle (prior to the COVID-19 health disaster). In their view, the asset might ascend to as high as $0.75 by the end of the ongoing year should it break the critical resistance level of $0.45 in the first week of December.
Ali laid out an even more optimistic forecast for the long term, envisioning ADA to explode above $6.50 by the summer of 2025.
This is not the first time Ali has shared their viewpoint on ADA’s future valuation. The analyst has previously suggested that the coin could soar to $10 in the second quarter of 2024.
The X user Lucid was even more bullish, maintaining that ADA has a chance to explode to $30. They based their forecast on the assumption that global inflation could be a beneficial factor for the digital asset sector, lifting crypto’s market capitalization to approximately $10 trillion within the decade.
Those curious to dive deeper into the matter and explore the top recent ADA price predictions could take a look at our latest video below: