Expert Predicts Cardano Price if Dogecoin Reaches $1

A famous crypto expert speculates that Cardano (ADA) could surge to an all-time high (ATH) of around $12 over the next few months if Dogecoin rises to $1. 

Cardano recorded an impressive performance in the second phase of the bull run, which began immediately after the U.S. election. Specifically, ADA surged above the $1 mark post-election, reaching $1.32 on December 7, up from $0.40 in November before the election.

This surge coincided with a rally across the broader crypto market, with assets like Dogecoin also recording a considerable price increase. 

However, ADA has slumped below the $1 mark, as it currently trades at $0.9884 per token. Meanwhile, Dogecoin, which soared to $0.4835 on December 9, has plunged to $0.3436 in the hours leading up to press time. 

ADA to Hit $12 if Dogecoin Reaches $1

In a post on X, a pseudonymous market commentator projected that Cardano and Dogecoin would embark on significant rallies over the next couple of months. 

Specifically, the expert expects Dogecoin to clinch the highly anticipated $1 target over the next 6-12 months. This represents a surge of 191.03% from the current price. If Dogecoin reaches an all-time high of $1, its market cap will soar to $147.53 billion. 

Notably, the commentator expects this prediction to play out between May and November 2025.

Moreover, he suggested that if Dogecoin clinches the $1 target, Cardano might soar to between $10 and 12 simultaneously. For context, the $10-12 targets require ADA to surge between 911% and 1,114% from its current price of $0.9884. 

At $10, ADA will have a market cap of $351.51 billion, while the $12 target will take Cardano’s valuation to $421.81 billion.

To illustrate the significance of this surge, a portfolio of 1,000 ADA, which costs about $988.4 today, will be valued at $10,000 if the price hits $10 and $12,000 if it reaches $12.

Meanwhile, the analyst did not provide potential factors that could drive the price of Cardano and Dogecoin to these targets.

Similar Predictions 

Several market analysts have also expressed optimistic prospects about Cardano in the ongoing bull market. 

For instance, renowned market observer Lark Davis projected that ADA would soar to the $10 territory this year. Similarly, Dan Gambardello, the founder of Crypto Capital Venture, echoed a comparable sentiment regarding ADA reaching $10 this cycle. 

These analysts expect the market to be in a sharp, bullish phase over the next few months. Their optimism lies in widespread retail and institutional adoption, as well as regulatory clarity from U.S. lawmakers.  

ADA Set to Hit $3 Short-term

In the meantime, prominent market chartist Ali Martinez emphasized that ‘ADA is breaking out of a bull pennant.’ According to him, this breakout could potentially take ADA to $3, representing a surge of 203% from the current value. 

For context, a bull pennant usually forms on an asset’s chart after a brief period of consolidation following a sharp upward price movement. Upon breakout, the asset usually continues in the direction of the previous trend. 

#Cardano $ADA is breaking out of a bull pennant, targeting $3!

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— Ali (@ali_charts) January 6, 2025