Cardano‘s ADA has increased its value by 70% since the beginning of the year, and experts are focusing on the continued growth of the altcoin in 2024 and reaching new peaks. Experienced cryptocurrency analyst Ali Martinez sets an ambitious target for ADA to reach $10 by the summer of 2024, while another cryptocurrency analyst Dan Gambardello predicts that after Bitcoin‘s (BTC) block reward halving, ADA’s price will see $11 and its market value will reach $400 billion. Furthermore, cryptocurrency analyst FieryTrading expects ADA to make a significant increase from the current prices in 2025 and reach $35 by following a model that is compatible with the cycle that will start after Bitcoin’s block reward halving.
2024 Could Be “The Year of ADA”
Cardano’s native asset ADA, has managed to be among the best-performing altcoins of the year with an approximate 70% price increase since January 1st. The performance of the altcoin has convinced many experts that the positive trend it has captured will continue into 2024. Some are expecting ADA to reach an all-time high and set a new record in the coming months.
Cryptocurrency analyst Ali Martinez, referencing specific charts and previous consolidation stages, explained that he expects ADA to likely reach $10 by the summer of 2024. Dan Gambardello, founder of Crypto Capital Venture, pointed to the Bitcoin block reward halving expected in April of next year, claiming that ADA could rise to $11 shortly after this historic moment and is joining the bandwagon of those expecting a serious rise in the altcoin by potentially bringing its market value to an astonishing $400 billion.
The Real Explosion in ADA Could Happen in 2025, Expert Says
On the other hand, contrary to the expectations of Martinez and Gambardello, some analysts suggest that Cardano’s native asset could reach new peaks in the year following Bitcoin’s block reward halving. An example of this is the prediction made by cryptocurrency analyst FieryTrading. The analyst expects ADA to rise over 9000% from the current prices in 2025 and reach $35.
FieryTrading made the following comment regarding his highly ambitious ADA prediction:
Now that the formation has been confirmed, let’s take a look at the next bull market peak for ADA. Assuming that we will reach the peak of the bull market in 2025 and ADA will continue to follow this formation, I expect it to peak at a point above $35.