17.8 C
20 May 2024
Image default

Why Cardano Price Could Jump 1500% Soon: Analysts Take On ADA

Despite being among the top ten cryptocurrencies, Cardano has not been performing up to the mark. The Cardano token, ADA, had its best era during 2021 and 2022, but that did not last long. For the last two years, Cardano has continuously struggled with its price in the market. The price was so down that the ATH was pushed 85% away.

There can be various factors behind this mediocre performance of the cryptocurrency. But, there is new hope now, as the analysts believe a 1500% surge could happen in the next few days. In this blog, let us discuss how the Cardano price could jump 1500% soon.

Cardano Is Ready For A Big Rally

Javon Marks, a famous crypto analyst, has speculated on the possibility of a 1500% surge in the upcoming days. He believes the token has shown clear indications of progress after breaking the resistance trend. As a result, ADA can jump 222% soon, bringing the value to $2.7709 before aiming for an even higher target of $7.80 with a 1500% surge.

Also Read: 4 Altcoins To Buy Before Altcoin Season Starts

The challenging part is the surge to $2.7709 from its current value. Once, the Cardano price attains the target, an upside of 460% will push it to achieve the next target.

More importantly, Javon’s analysis was not solely based on the current factors but also included historical evidence, which adds weight to this prediction.

Another analyst, Trend Rider, has also presented a similar Cardano prediction. Trend Rider predicted that the Cardano is holding on to the support level, and the bearish trend will come to an end in the upcoming week or two. Once, the bears settle, the Cardano price will rally for a long.

These bullish predictions aren’t new, as analysts have predicted such gains for months now. Ali predicted the Cardano bull rally two months ago at the beginning of March. He talked about the Cardano mirroring the previous bullish cycle and predicted that, if the trend continued, ADA might hit $10.

This prediction also talked of having a correction zone before the price rally, and as the Cardano is in a price slump, this can be a pre-rally correction zone Ali spoke about.

Gemini Listing  Is the Start of The Cardano Price Rally

The rumors of Gemini listing the ADA token have been circulating for days in the market. It comes after Gemini posted a praising tweet on X, highlighting the features of the ADA. If the listing happens, it can bring more attention and liquidity to this cryptocurrency, which will also give a boost to the Cardano price.

Currently, Cardano is trading at $0.4337, which is on the lower side of its performance. Cardano price has been continuously declining for days, even weeks now. However, the 57% surge in its volume indicates the increased token demand.

Moreover, the Gemini listing will aid with a decent price surge and maybe a price rally, which the analysts talked about.

The post Why Cardano Price Could Jump 1500% Soon: Analysts Take On ADA appeared first on CoinGape.

Related posts

Chinese police spot illicit BTC mining in underground burial sites


Bitcoin, Ethereum, Binance Coin, Dogecoin, XRP, Cardano Post Double-Digit Gains as Recovery Picks Up Speed


IOTA is Slowly Patching Up Its Cracks From Prior Attacks

Verified by MonsterInsights