Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15
September 17 2024 - 8:30PM
NEWSBTC
Cardano (ADA) is finally at stage three of this current market
cycle, with analysts foreseeing a massive 4,500% price rally to
$15. This projected price increase is set to offer dedicated
investors and holders a small window of opportunity to make gains
from the popular altcoin. Cardano (ADA) Set Sights On $15
Price Surge Crypto analyst, Remi Benays has announced on X
(formerly Twitter) that Cardano is at a crucial stage of this
market cycle, characterized by potential price rallies to new
all-time highs around $15. Sharing a historical price chart of
Cardano, Benays highlighted a unique recurring bullish pattern in
the cryptocurrency’s movements from 2018 till date. Related
Reading: Binance Top Traders Go Short On Bitcoin At $60,000, What’s
Going On? The analyst noted that from 2018 to 2021, Cardano
experienced a period of severe price decline, followed by a period
of consolidation, a fake bounce and ultimately a dramatic price
surge. To be more precise, the cryptocurrency crashed by 98%
between 2018 and 2019, then experienced a ghost chain fake bounce
around 2020 and early 2021, and then exploded with an astonishing
18,000% gain after the Bitcoin halving event in 2020. Benays
has identified a similar trend from 2021 to 2024. The analyst
disclosed in his chart that ADA was down by a whopping 92% in 2023,
before experiencing a double fake bounce around April 2024.
Considering Bitcoin concluded its halving event on April 20 this
year, the analyst foresees a mega pump to $15 for ADA by 2025. This
substantial price increase would push ADA’s market capitalization
to $500 billion from its current value of $11.9 billion. Moreover,
it would represent a massive price rally of over 4,500% for the
altcoin. While some may consider Benays $15 ADA forecast as
overly ambitious, the analyst has envisioned an even more bullish
scenario. He expects ADA to continue rising from his initial target
of $15 to $31 by 2026. A rally to this substantial price level
would place Cardano’s market capitalization at $1 trillion,
exceeding the combined valuations of Solana (SOL) and Ethereum
(ETH). Analyst Offers More Conservative XRP Price Forecast
Taking a more conservative approach, crypto analyst Sssebi has
predicted a 20X to 30X rally for Cardano in the next 12 months. The
analyst disclosed that Cardano is “exactly where it was last cycle
around this time,” suggesting that the cryptocurrency is
well-positioned for a significant rally. Related Reading:
Dogecoin At $0.1 Is A ‘Gift’, Falling Wedge Breaking Bullish To
Send Price To $0.2 He projected that Cardano could potentially
reach a minimum price level of $5 by 2025 and a maximum value of
$10 at the top of the bull market. Currently, the price of ADA is
trading at $0.33, reflecting a 2.58% decrease over the past week. A
jump to $5 or even $10 would require the cryptocurrency to rally by
approximately 1,415% and 2,930%, respectively. Featured image
created with Dall.E, chart from Tradingview.com
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