Cardano Rallies 7.5% – Analysts Predict $7 ADA in Next Bull Run

Cardano Rallies 7.5% as Analysts Predict $7 ADA – ETF News and U.S. Treasury Audit Proposal Fuel Optimism

Cardano (ADA) is back in the spotlight, rallying 7.5% in the last 24 hours to trade above $0.82. Despite this recent surge, ADA is still down 73% from its all-time high of $3.10, which was set in September 2021. However, bullish predictions and growing institutional interest could fuel a much larger rally.

Investing Broz Predicts $7 ADA Price – An 800% Surge Incoming?

In a recent analysis, Investing Broz projected that Cardano could see an 800% price increase, pushing ADA to $7 in the next bull market.

If the U.S. government chooses Cardano as the blockchain of choice to track its $7 trillion budget, ADA could hit a $250 billion market cap, translating to a $7 price point – almost a 9X from current levels.

Cardano currently holds the #9 spot by market cap, but analysts believe it could surpass Dogecoin and USDC, potentially vying for the #6 or #7 position during the next bull market.

CoinCodex Prediction: ADA to Hit $1.50 by May 2025

While some analysts forecast a $7 ADA price, CoinCodex’s price prediction offers a more measured but bullish outlook. Our algorithm predicts that Cardano could peak above $1.50 by May 2025, representing a 180% increase from current prices.

CoinCodex ADA Forecast:

  • $1.50+ by May 2025
  • Sustained growth expected as adoption increases

This prediction aligns with Cardano’s ongoing development, network upgrades, and rising institutional interest.

Charles Hoskinson Proposes Cardano as Audit Layer for U.S. Treasury

Charles Hoskinson, founder of Cardano, recently proposed using the Cardano blockchain as an audit layer for the U.S. Treasury’s $7 trillion budget. This proposal could bring unprecedented transparency to government spending and position Cardano as a leading blockchain for institutional use cases.

Cardano offers a secure, scalable solution for auditing complex financial systems like the U.S. Treasury budget, providing real-time transparency and reducing fraud.

If adopted, this use case could significantly boost ADA’s utility and demand, supporting long-term price appreciation.

Cardano ETF Filing by Grayscale Adds to Bullish Momentum

Recently, Grayscale filed for a Cardano ETF, marking its first standalone ADA investment product. This move could attract institutional investors to the Cardano ecosystem, similar to the effect seen with Bitcoin ETFs.

Final Thoughts: Can Cardano Hit $7 This Cycle?

With bullish price predictions, potential U.S. Treasury adoption, a pending ADA ETF, and CoinCodex’s forecast of $1.50 by May 2025, Cardano’s future looks promising.

Key Takeaways:

  • ADA rallies 7.5%, now trading at $0.82
  • Investing Broz predicts $7 ADA (800% surge)
  • CoinCodex forecasts $1.50 ADA by May 2025 (180% increase)
  • Hoskinson proposes Cardano as U.S. Treasury audit layer
  • Grayscale files for Cardano ETF, boosting institutional interest

With these developments, could Cardano finally break out and hit new all-time highs?

Source: https://coincodex.com/article/63243/cardano-rallies-75-analysts-predict-7-ada-in-next-bull-run/