Cardano had a strong week, rising from $0.72 to over $0.83, following the trend of Bitcoin’s price. There was a significant increase in ADA/JPY trading, with trading volume reaching $121.5 million in just 24 hours, making it the second most traded ADA pair globally.
**Crypto analyst Drini** has made a bold prediction for ADA on X. He anticipates a potential price range of $8 to $14 for Cardano in the next market cycle. Drini’s prediction is based on two key metrics: the total crypto market cap and ADA’s market dominance.
During the last bull cycle, the total crypto market cap peaked at the 1.618 Fibonacci extension level. If history repeats itself, Drini predicts the total crypto market cap could reach $6.5 trillion. This is a small fraction compared to Wall Street’s $100 trillion equity market.
In the previous cycle, Cardano’s market dominance reached 4.5% of the total crypto market. If this pattern repeats in a $6.5 trillion market cap scenario, ADA’s market cap could surge to $292.5 billion, resulting in a price increase to $8 per ADA.
In an extremely bullish scenario where the total crypto market hits $10 trillion, Drini suggests that ADA could potentially reach $10–$14, with a market cap of around $450 billion. However, the realization of these predictions depends on various market factors.
Analyst **Dan Gambardello** also foresees a massive bull run for ADA, despite current expectations. He points out that the MACD indicator on both the monthly and weekly charts is indicating a significant upward movement, similar to what was seen before ADA’s surge in the last cycle.
In the short term, ADA has broken out of an inverse head and shoulders pattern and is currently facing resistance at the 200-day moving average. If it surpasses this level, a strong rally could be expected. On the upside, breaking past $1 could pave the way for ADA to target $1.20 to $1.25.
According to Cardano’s price predictions, the altcoin’s price could potentially reach a maximum of $2.05 by the end of 2025. Similarly, projections suggest that Cardano’s price may hit $69.33 by 2040 and potentially reach $329.56 by 2050.
Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.
