Cryptocurrency experts predict 10,000% growth for Cardano digital token

One of the best-performing crypto assets in recent times, the Cardano native blockchain token ADA $0.88 Cardano -2.71% Market capitalization $31.48 billion VOL. 24 hours $0.21 billion , has recently soared to a six-month high of nearly $ 0.40. Nevertheless, the asset’s price is still far from ATH’s level of almost $ 3 registered in the summer of 2021.

Some analysts believe that ADA could surpass its record in 2024. This opinion is shared by a crypto expert known on the X platform under the pseudonym Ali. The crypto trader observed Cardano’s price charts and previous consolidation marks to set a price target of $ 10, which could possibly be reached by the summer of 2024.

However, the most bullish forecast for ADA was made by an analyst under the nickname FieryTrading. In his opinion, the token could soar to $ 35 over the next two years (most likely in 2025), which could be a 10,000% increase compared to the current cryptocurrency rate.

«Since the model has been confirmed, we can look at the next top of the bull market. Assuming that the top of the bull market will be sometime in 2025, and that ADA will continue to follow this pattern, we can make an assumption that ADA will top somewhere above $ 35,» FieryTrading argues.

According to the analytical tracker CoinMarketCap, at the time of writing, Cardano (ADA) is trading at $ 0.39, a 7.27% gain over the day. The total number of coins circulating on the market has reached $ 13.96 billion. Traders made daily trading deals worth $ 636.6 million.