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Crypto analyst Dan Gambardello has shed light on the roadmap for Cardano (ADA) to reach a new all-time high (ATH). According to Gambardello, Cardano is currently halfway to achieving this milestone, and he provides insights into the specific stage of its cycle the cryptocurrency is in.
Cardano Is In Stage 3 Of Its Cycle
In a recent post on X (formerly Twitter), Gambardello highlighted that Cardano is in stage three of its cycle. He referred to this phase as the “Told you. You should’ve listened” stage. This stage is characterized by investor capitulation, where many believe that the cryptocurrency is unlikely to rebound given its bearish price action.
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Gambardello anticipates that once this stage concludes, Cardano will enter the “Here we go again, another bull trap” stage. This phase is expected to weed out short-term traders who jumped on ADA with the expectation of a quick price surge. Following this, the analyst predicts Cardano will advance to the final stage of its cycle, during which it will break its ATH and achieve new highs.
In his accompanying chart, Gambardello forecasts that Cardano could ascend to as high as $15 by the end of 2025. He also suggested that beyond 2025, ADA will continue to experience a price surge, marking the conclusion of this cycle’s bull run. Interestingly, he projects that Cardano’s price could double within a year, reaching $31 by the end of 2026.
If Cardano were to reach $31, its market cap would soar to $1 trillion. To put this in perspective, the current overall crypto market has a market cap of approximately $2 trillion. This suggests that the market cap would need to grow significantly if ADA alone were to be valued at $1 trillion. However, Gambardello did not provide specific reasons for his optimistic growth projections over the next two years.
A More Conservative Price Prediction
Another crypto analyst, InvestingHaven, has offered a more conservative price prediction for Cardano. In an X post, the analyst suggested that ADA could reach a “super bullish target of $1.95” by 2025. They also questioned whether ADA was ready for a breakout, citing the $0.443 Fibonacci level as crucial for unlocking higher prices.
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InvestingHaven added that Cardano’s 2025 outlook is brimming with potential, asserting that this period will be when the cryptocurrency enjoys a parabolic rally. Despite bullish developments such as the Chang Hard Fork, which introduced a decentralized governance system for the Cardano network, ADA has had a challenging 2024. It remains one of the worst-performing crypto assets this year, with a year-to-date (YTD) loss of over 40%.
Currently, Cardano is trading at approximately $0.35, down nearly 2% in the last 24 hours, according to data from CoinMarketCap.
For real-time updates and detailed charts, you can refer to ADAUSDT on Tradingview.com.
