According to a crypto analyst, Cardano’s native cryptocurrency ADA could experience a significant surge of 2,300% based on historical data. Despite ADA’s decline this year and its consolidation between $0.50 and $0.20, the analyst suggests that a repetition of a previous cycle could lead to an increase, potentially reaching $6 from its current price of $0.2474.
However, market sentiment and current conditions indicate that a rally to $6 may be unlikely in the near term. Nonetheless, Cardano remains an actively developed blockchain ecosystem, and if the overall crypto market recovers and interest in ADA reignites, a strong rally is still possible.
In the short term, ADA’s price could experience more downside, possibly falling as low as $0.15 by the end of the year. However, in the longer term, optimistic predictions for Cardano range from $10 to $45 if the blockchain continues its active development.
Source: BITCOINST
