This article is available in Spanish.
Cardano (ADA) is finally in phase three of the current market cycle, with analysts predicting a massive 4,500% increase to $15. This expected price increase will provide dedicated investors and holders with a small window of opportunity to make a profit from the popular altcoin.
Cardano (ADA) is eyeing a $15 price increase
Crypto analyst Remi Benays has done just that announced on X (formerly Twitter) that Cardano is in a crucial phase of this market cycle, characterized by potential price increases to new record highs around $15. Benays shared a historical price chart of Cardano, highlighting a unique recurring bullish pattern in the cryptocurrency’s movements from 2018 to date.
Related reading
The analyst noted that Cardano went through a serious period from 2018 to 2021 price dropfollowed by a period of consolidation, a fake rebound and ultimately a dramatic price increase.
To be more precise: the cryptocurrency crashed rose 98% between 2018 and 2019, before experiencing a ghost chain fake bounce around 2020 and early 2021, and then exploding with an astonishing 18,000% gain after Bitcoin’s halving in 2020.
Benays has identified a similar trend from 2021 to 2024. The analyst revealed in his chart that the ADA fell as much as 92% in 2023 before experiencing a double fake upside around April 2024.
Since Bitcoin completed its halving event on April 20 this year, the… analyst foresees a mega pump to $15 for ADA by 2025. This substantial price increase would push ADA’s market cap from its current value of $11.9 billion to $500 billion. Moreover, it would represent a huge amount price rally of more than 4,500% for the altcoin.
While some view Benays’ $15 ADA forecast as overly ambitious, the analyst has an even more bullish scenario in mind. He expects the ADA to continue rising from its initial target of $15 to $31 by 2026. A rally to this substantial price level would lead to Cardano’s market capitalization at $1 trillion, which is the combined valuations of Solana (SOL) and Ethereum (ETH).
Analyst Offers More Conservative XRP Price Prediction
Crypto analyst Sssebi takes a more conservative approach predicted a 20X to 30X rally for Cardano in the next 12 months. The analyst revealed that Cardano is “right where it was last cycle around this time,” suggesting the cryptocurrency is well positioned for a significant rally.
Related reading
He projected that Cardano could potentially reach a minimum price level of $5 in 2025 and a maximum value of $10 at the top of the bull market. Currently, ADA’s price is trading at $0.33, reflecting a decline of 2.58% in the past week. A jump to $5 or even $10 would require the cryptocurrency to rise by about 1,415% and 2,930%, respectively.
Featured image created with Dall.E, chart from Tradingview.com
