TL;DR
Despite the recent correction of the cryptocurrency market and the slight decline of Cardano’s (ADA) price, some analysts remain optimistic that the asset could explode to a new peak in the future. One example is the X (Twitter) user Lucid, who believes the coin has a chance to soar to $14.
They based their theory on the assumption that the global market capitalization could spike to $10 trillion, whereas ADA’s market cap might hit $500 billion:
“Cardano’s dominance is currently 1% of the $1.4 Trillion Industry wide Market Cap! A $10 Trillion Blockchain Industry is only a matter of time.”
In addition, Lucid laid out another less bullish prediction, claiming that ADA could jump to $3 if its market cap hits $100 billion.
It is worth noting that the former forecast seems a bit unrealistic, assuming the current $13 billion market capitalization of Cardano’s native cryptocurrency.
Other analysts who have previously touched upon ADA’ s potential future price include Dan Gambardello – Founder of Crypto Capital Venture – and FieryTrading.
The former thinks the token could skyrocket to $11 shortly after the BTC halving (scheduled for April next year), whereas its market capitalization could rise to the astonishing $400 billion. Fiery Trading was much more optimistic, envisioning ADA to blast to $35 by 2025:
“Since the pattern has now been confirmed, we can take a look at the next bull-market top. 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.”
Those curious to explore additional price predictions involving Cardano’s coin could take a look at our latest video below:
