Recently, changes in market expectations have caught the attention of Cardano 
$0.355306 (ADA) enthusiasts. An analyst predicts that the price of ADA could reach $8 by 2025. This bold forecast rekindles interest in ADA and signals a notable shift in price expectations.
Analyst’s Prediction
Crypto analyst Jason Appleton stated on his YouTube channel that Cardano could rise to $8 by 2025. According to Appleton, altcoin markets generally experience growth when Bitcoin 
$71,287 dominance is at high levels.
The price of ADA increased by 2.9% in the last 24 hours, reaching $0.3591. This rise is linked to Bitcoin surpassing $73,000, which pushed the total market value of cryptocurrencies to $2.541 trillion. Currently, Bitcoin is trading at around $72,210.
Historical Trends
Appleton mentioned that past trends often repeat themselves, and this could also apply to ADA. He highlighted that the decline in Bitcoin dominance between 2018 and 2021 positively impacted ADA’s price. “When Bitcoin dominance reaches 60%, the altcoin season may be approaching,” says Appleton.
Cardano aims to build a decentralized and secure blockchain. The emphasis Cardano places on quality in its developments suggests that the network could show strong growth in the long run.
Appleton also suggests that Cardano could function as a layer 2 solution for Bitcoin, potentially creating a liquidity pool of $1.4 trillion. This potential stands out as a factor bolstering ADA’s price forecast.
Considering the current market situation and Cardano’s strategic moves, the likelihood of ADA reaching its 2025 targets is evaluated. It may be beneficial for market participants to follow the dynamics and plans surrounding Cardano.
