Cardano Price Prediction: The Roadmap To New All-Time Highs

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As an analyst with over two decades of experience in the financial markets, I have seen numerous cycles and trends come and go. Based on my analysis, I find Dan Gambardello’s predictions for Cardano (ADA) intriguing but somewhat ambitious.

Crypto analyst Dan Gambardello has highlighted the Cardano (ADA) roadmap to a new all-time high (ATH). The analyst also suggested that Cardano was halfway to reaching a new high, noting what part of its cycle the coin was currently at.  

Cardano Is In Stage 3 Of Its Cycle

Gambardello remarked in an X (formerly Twitter) post that Cardano is in stage three of its cycle. He claimed that this part of the cycle for ADA is the “Told you. You should’ve listened” stage. This refers to the point where investors begin to capitulate, thinking that the crypto is unlikely to surge in the bull market given its bearish price action. 

After completing this phase, Cardano may transition into another stage as predicted by Gambardello, which he referred to as a potential “Here we go again, another bull trap” period. This stage is likely to see the departure of short-term traders who bought ADA in anticipation of an immediate price increase. Once these speculators have been sifted out, the analyst expects Cardano to progress to the final phase of its cycle, where it could surpass its all-time high and reach even greater heights.

According to Gambardello’s projection, Cardano could reach up to $15 by the end of 2025, and it’s suggested that there might be a significant price increase beyond this year. Moreover, he anticipates that this bull run cycle will conclude with ADA‘s price reaching approximately $31 by the end of 2026 – a potential doubling of its current value within the next year.

If Cardano’s price reaches $31, it would give the cryptocurrency a total market value of one trillion dollars. To put this into perspective, the entire crypto market is currently valued at two trillion dollars, so if only Cardano (ADA) were to increase in value to the point where it held a trillion-dollar market cap, the overall size of the crypto market would significantly expand. The analyst didn’t offer any specific reasons for why they believe such rapid growth could occur for Cardano within the next two years.

A More Conservative Price Prediction

InvestingHaven’s crypto analyst has presented a more cautious outlook for Cardano, suggesting it may reach a “very optimistic peak of $1.95” by 2025. In a recent post, he raised doubts about whether ADA is prepared for a surge, emphasizing that breaking through the $0.443 Fibonacci threshold could be the catalyst for price increases.

According to InvestingHaven’s prediction, the future of Cardano looks promising up to 2025, with indications of a significant surge or parabolic rally. However, despite positive advancements such as the Chang Hard Fork introducing a decentralized governance system in the Cardano network during 2024, ADA has experienced a challenging year. Regrettably, it ranks among the lowest-performing cryptocurrencies of 2024, having suffered a loss of more than 40% since the start of the year.

Currently, as I’m typing this, Cardano’s price hovers near $0.35, having dropped nearly 2% over the past day, based on information provided by CoinMarketCap.

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2024-09-14 04:16