An expert suggests this may be the final chance to buy Cardano amidst bullish predictions.
Notable cryptocurrency analyst Dapp Central has raised the prospect that this could be the final opportunity to accumulate Cardano (ADA) as bullish predictions for Bitcoin emerge.
In a recent commentary, Dapp Central highlighted that Cardano may be poised for a significant bull cycle, especially in light of price forecasts from its founder, Charles Hoskinson.
Hoskinson recently projected that Bitcoin could soar to between $250,000 and $500,000 within the next 12 to 24 months.
Dapp Central emphasized that if Bitcoin reaches these price levels, it could initiate the largest bull market not only for Bitcoin itself but also for altcoins like Cardano.
He argued that this moment might be the last chance for investors to buy Cardano at a relatively low price.
Adding to the optimism, analyst Javon Marks pointed out that Cardano is demonstrating strong bullish momentum.
In a post dated December 1, he predicted that ADA could experience a remarkable 143% increase, targeting a price of $2.7709.
This surge would bring Cardano back to levels last seen in November 2021.
Marks also suggested that historical trends indicate Cardano could potentially rise even higher, hinting at a remarkable 2,727% upswing from its market lows, reminiscent of the 2021 bull cycle.
If past patterns hold true, Marks’ analysis suggests that Cardano could aim for price targets of $5.296 and $7.82.
Meanwhile, the cryptocurrency remains below the $10 mark, a target speculated by analyst Lark Davis.
As for the near future, Cardano is already experiencing a 200% increase year-to-date, providing substantial gains for its supporters.
Analyst Dawson Allen anticipates continued upward momentum in the first two months of 2025, noting that Cardano historically sees strong performance in January and February.
He referenced the last bull cycle, where Cardano surged a cumulative 367% during these months, speculating that a similar pattern could push ADA to at least $3.67—an impressive 222% rise from its current price.
This would also set a new all-time high for Cardano, surpassing its previous peak of $3.10 in September 2021.
At the time of writing, ADA is trading at $1.27.
For more Daily Crypto News and updates like this, join the newsletter or opt-in for push notifications.
Follow us on CoinMarketCap.
Also Read: Cardano Has Now Achieved The “A” Status
About The Author
Leave your thoughts below
Read Daily Market News – https://franknez.com/ for more news and updates like this