Cardano’s value has increased by 70% since the beginning of the year, leading experts to focus on ADA’s further growth and reaching new highs in 2024 and 2025. Crypto analyst Ali Martinez predicts that ADA will reach $10 by the summer of 2024, while another analyst, Dan Gambardello, expects ADA’s price to rise to $11 after Bitcoin’s block reward halving, with a market value of $400 billion.
ADA has been one of the best performing altcoins of the year, with an approximately 70% price increase since January 1st. This performance has convinced many experts that ADA’s positive trend will continue until 2024. Some expect ADA to reach an all-time high in the coming months and set a new record.
Referring to specific charts and previous consolidation phases, Ali Martinez reveals that ADA is likely to reach $10 by the summer of 2024. Dan Gambardello, referring to the upcoming Bitcoin block reward halving expected in April next year, claims that shortly after this historic event, ADA could rise to $11 and the market value could reach an incredible $400 billion.
On the other hand, contrary to Martinez and Gambardello’s expectations, some analysts suggest that ADA could reach new highs in the year following Bitcoin’s block reward halving. For example, crypto analyst FieryTrading expects ADA to reach $35, which is more than 9000% above current prices, by the year 2025.
FieryTrading comments on ADA’s high expectations as follows: “Assuming the formation is confirmed, let’s see ADA reach its peak in the upcoming bear market. If we assume that we will reach the peak of the bear market in 2025 and that ADA will continue to follow this formation, I expect it to reach the peak at a point above $35.”