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Cardano (ADA) has reached a pivotal stage in its current market cycle, with analysts predicting a monumental 4,500% price rally to $15. This anticipated surge offers a narrow window for dedicated investors and holders to capitalize on the popular altcoin.
Cardano (ADA) Set Sights On $15 Price Surge
Crypto analyst Remi Benays recently took to X (formerly Twitter) to announce that Cardano is at a crucial juncture in its market cycle, characterized by potential rallies to new all-time highs around $15. Benays shared a historical price chart of Cardano, highlighting a unique and recurring bullish pattern in the cryptocurrency’s movements since 2018.
Historical Price Trends of Cardano
From 2018 to 2021, Cardano experienced a significant price decline, followed by a period of consolidation, a fake bounce, and eventually a dramatic price surge. Specifically, the cryptocurrency crashed by 98% between 2018 and 2019, experienced a ghost chain fake bounce around 2020 and early 2021, and then skyrocketed with an impressive 18,000% gain following the Bitcoin halving event in 2020.
Recent Patterns and Future Projections
Benays has identified a similar trend from 2021 to 2024. According to his analysis, ADA was down by 92% in 2023, before experiencing a double fake bounce around April 2024. With Bitcoin completing its halving event on April 20 this year, the analyst predicts a mega pump to $15 for ADA by 2025. This substantial increase would elevate ADA’s market capitalization to $500 billion from its current value of $11.9 billion, representing an over 4,500% rally for the altcoin.
Even More Bullish Predictions
While some may view Benays’ $15 ADA forecast as overly optimistic, the analyst envisions an even more bullish scenario. He suggests that ADA could continue its upward trajectory from $15 to $31 by 2026. Achieving such a price level would place Cardano’s market capitalization at $1 trillion, surpassing the combined valuations of Solana (SOL) and Ethereum (ETH).
Analyst Offers More Conservative XRP Price Forecast
Taking a more conservative stance, crypto analyst Sssebi has predicted a 20X to 30X rally for Cardano in the next 12 months. According to Sssebi, Cardano is “exactly where it was last cycle around this time,” indicating that the cryptocurrency is well-positioned for a significant rally.
Potential Price Levels and Market Impact
Sssebi projects that Cardano could reach a minimum price level of $5 by 2025 and a maximum value of $10 at the peak of the bull market. Currently, ADA is trading at $0.33, reflecting a 2.58% decrease over the past week. A surge to $5 or $10 would require the cryptocurrency to rally by approximately 1,415% and 2,930%, respectively.
As the market continues to evolve, these forecasts highlight the potential for significant gains in Cardano’s value, offering opportunities for investors to capitalize on future price movements. Stay tuned for more updates and insights on the evolving cryptocurrency landscape.
