- Coincodex has made a bold prediction, forecasting that Cardano could experience a significant surge of 169%, potentially reaching a value of $2.61, up from its current price of $0.90.
- ADA has seen a 7.8% increase over the past 30 days and a 1.89% rise in the last week, showcasing its resilience and potential for continued upward movement.
Cardano (ADA) has been displaying some bullish momentum recently, especially after a remarkable climb above the $1 mark on January 20, 2025, following a previous dip below this threshold. This recovery came as a surprise, especially considering the political climate surrounding Donald Trump’s inauguration as a pro-crypto president, which many expected to bring volatility to financial markets.
Coincodex’s Bullish Outlook
Despite the recent turbulence, ADA’s outlook remains a topic of considerable debate among experts. Coincodex, a comprehensive cryptocurrency aggregator, predicts that Cardano will enter another bullish phase in February. The platform forecasts that ADA will reclaim the $1 mark by February 3 and continue its upward trajectory, rising by 84.30% to reach a value of $1.82 by February 20, 2025.
The predictions don’t stop there, Coincodex anticipates a more significant rally, projecting ADA to hit $2.61 by April 15, 2025. This potential price surge represents a significant rally of about 169% from its current price level. However, for context, Cardano hasn’t traded above $2 since November 2021, when it hit its all-time high of $3.09.
Changelly’s Cautious Prediction
In contrast, Changelly, another crypto platform, offers a more cautious outlook for Cardano’s future price action. They anticipate that Cardano will face a slight dip over the next few months. According to their forecast, ADA’s value in February 2025 will not drop below $1.40 but will peak at $1.91, with the estimated average trading value expected to settle at around $1.66.
In April 2025, Changelly predicted that the asset could drop to $1.46, implying a modest rally of approximately 50.52% from current levels. This bearish sentiment from Changelly suggests a slower recovery for ADA compared to Coincodex’s more optimistic forecast.
One of the most significant developments to watch in the ADA market is the behavior of Cardano whales. On January 19, 2025, addresses holding 10 million to 100 million ADA tokens collectively had 11.94 billion ADA. This amount rose to 12.06 billion ADA shortly after, reflecting the accumulation of 120 million tokens in just two days. If this trend continues, it could create upward pressure on ADA’s price due to increased demand from these large holders.
As of now, ADA is experiencing some price fluctuations. The coin is down by 7.55% in the last 24 hours, trading at $0.98, and has lost 11.3% in the last 14 days. However, it’s important to note that ADA has posted some positive performance, its value has increased by 3.89% in the last 7 days.
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Source: https://www.crypto-news-flash.com/cardano-ada-predicted-to-surge-169-to-2-61-timing-and-key-factors/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-ada-predicted-to-surge-169-to-2-61-timing-and-key-factors