Accumulate

Cardano

The price of Cardano (ADA) is still on an upward trend and market analysts expect the cryptocurrency to experience high growth. 
Javon Marks, an analyst, has set the short term price of Cardano to rise by 143% and reach $2.7709. Marks also stated that based on historical trends, ADA may trade at $5.296 and $7.82. 
This analysis is based on the performance of Cardano during previous bull cycles, with a focus on its 2,727% increase from the market lows in the 2021 cycle. 
As noted by Marks, this growth trend could put ADA in a position to eclipse its previous record high of $3.10, set in September 2021. 
The projections show that cryptocurrency may become a promising asset as the market prepares for another growth stage. 
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<h2 class="wp-block-heading" id="h-final-opportunity-to-accumulate-cardano">Final Opportunity to Accumulate Cardano?</h2> 
Recently, Cardano supporter Dapp Central stated that the current price level could be the last chance to buy ADA at a low cost. 
He associated this forecast with the recent statements of Input-Output Global (IOG) CEO Charles Hoskinson. 
Hoskinson expects BTC to reach $250,000-$500,000 within the next two years. 
Dapp Central suggested that if the price of Bitcoin were to rise to such a level it would spark the biggest bull run ever and this would be a boost for altcoins including Cardano. 
He also underlined that <a href="https://www.thecoinrepublic.com/2024/12/01/cardano-price-to-hit-10-by-end-of-this-cycle/">ADA price</a> is one of the market leaders, and such a company can get a huge chance for growth when the market rebounds. 
<h2 class="wp-block-heading" id="h-early-2025-expected-to-deliver-additional-gains-for-cardano">Early 2025 Expected to Deliver Additional Gains for Cardano</h2> 
The bulls are expected to remain dominant in the Cardano market through 2025. Dawson Allen, another market analyst, expects significant appreciation in the first two months of the year. 
Allen pointed out that ADA has had a strong performance in January and February during bull market years. For instance, in the last major cycle, Cardano made a return of 367% in this period. 
The anayst predicted that such a pattern could take <a href="https://www.thecoinrepublic.com/price-prediction/cardano/">ADA price</a> to $3.67, 222% higher than the current price. This projection shows that Cardano can set a new all-time high in the next market cycle. 
At the time of writing, Cardano is at $1.27, which has risen by 220% since the start of the year. 
This strong performance could be associated with the rising optimism from investors and improved network deployment and planning. 
Experts have stated that these factors may persist as drivers of ADA’s growth in the coming months. 
Furthermore, Cardano (ADA) has shown increased <a href="https://www.thecoinrepublic.com/2024/11/27/whales-buy-as-cardano-price-turns-bullish/">whale activity</a> as investors with 100,000,000 to 1,000,000,000 ADA bought approximately $130 Million worth of the asset at a lower price, as revealed by an analyst named Ali Martinez. 
Santiment data shows that whale holdings are directly linked to price rebounds, reflecting positive market sentiment. 
Cardano’s position as the sixth-largest cryptocurrency by market capitalization underscores its significant standing in the market. 
According to this analysis, the market is expected to reach a value of $7.82 by the end of 2025. 
The post <a href="https://www.thecoinrepublic.com/2024/12/04/cardano-news-ada-may-target-7-in-2025-bullish-projections/">Cardano News: ADA May Target $7 In 2025, Bullish Projections</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Cardano News: ADA May Target $7 In 2025, Bullish Projections

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