Cardano (ADA) has reached the third stage of its current market cycle, with analysts predicting a dramatic 4,500% price increase to $15. This anticipated surge offers a unique opportunity for dedicated investors and holders of the popular altcoin.
Crypto analyst Remi Benays recently announced on X (formerly known as Twitter) that Cardano is at a pivotal phase in its market trajectory, which could lead to new all-time highs around $15. By sharing a historical price chart of Cardano, Benays illustrated a distinctive recurring bullish pattern in the cryptocurrency’s movements since 2018.
Benays outlined how Cardano endured a severe price decline from 2018 to 2021, followed by a period of consolidation, a deceptive bounce, and eventually a dramatic price surge. Specifically, the cryptocurrency plummeted by 98% between 2018 and 2019, experienced a misleading bounce in 2020 and early 2021, and then skyrocketed by 18,000% following the Bitcoin halving event in 2020.
According to Benays, a similar trend has emerged from 2021 to 2024. His chart indicated that ADA dropped by a staggering 92% in 2023, before experiencing a double fake bounce around April 2024. Considering that Bitcoin completed its latest halving event on April 20 this year, Benays anticipates a substantial price surge to $15 for ADA by 2025. This surge would elevate ADA’s market capitalization to $500 billion from its current value of $11.9 billion, representing an astounding 4,500% increase.
While some may view Benays’ $15 forecast as overly optimistic, the analyst has an even more bullish outlook. He envisions ADA continuing its rise from the initial $15 target to a striking $31 by 2026. Should this occur, Cardano’s market capitalization would soar to $1 trillion, surpassing the combined valuations of Solana (SOL) and Ethereum (ETH).
On the other hand, crypto analyst Sssebi offers a more conservative forecast. He predicts a 20x to 30x rally for Cardano over the next 12 months. Sssebi observed that Cardano is currently positioned similarly to its status during the last cycle, suggesting a significant rally is on the horizon.
Sssebi projects Cardano could reach a minimum price of $5 by 2025, with a potential peak of $10 at the height of the bull market. With ADA currently trading at $0.33, reflecting a 2.58% decrease over the past week, achieving these projections would necessitate a rally of approximately 1,415% to reach $5 and 2,930% to reach $10.
 could skyrocket by 4,500% to $15, analysts predict, marking a major opportunity for investors as it enters a pivotal market phase.){kind=link}