What’s Next for Cardano? Key ADA Price Predictions Unveiled

Summary

• Observers are anticipating a significant rise for ADA, with short-term projections between $0.88 and $1.30.
• Some analysts foresee a long-term bullish outlook, suggesting ADA could hit $10 by 2029, which would necessitate a market capitalization over $350 billion.

Is a Major Rally Imminent?

The value of Cardano’s ADA increased by 11% over the past week, coinciding with a broader recovery in the cryptocurrency market. Currently, it trades around $0.71, and numerous analysts predict potential short-term gains.

A notable figure in the industry, Ali Martinez, suggests ADA is nearing an important resistance level at $0.74. He believes that surpassing this point might trigger a rally toward $0.88.

Other market participants propose even loftier goals. Crypto King shared with his substantial follower base that ADA has shown impressive consolidation over recent days and maintains it needs to hover between $0.60 and $0.70 to reach $1.

Token Talk commented that ADA has been oscillating around $0.70 lately, with analysts projecting a potential rise to $1.20-$1.30 and expressing a long-term bullish scenario aiming for $10 by 2029.

Achieving such a target would imply that ADA’s market cap would soar to approximately $360 billion, given the current supply of 36 billion tokens. Presently, the market capitalization is about $25 billion, making this projection less feasible in the immediate future.

Meanwhile, the user Lucky, who boasts over 2.2 million followers, has expressed a favorable outlook for ADA. Recently, he anticipated a price increase beyond $1.60, calling Cardano “one of the strongest projects in the crypto sector.”

What Could Trigger Additional Gains?

A significant driver for a price increase of Cardano’s native token might be the anticipated approval of a spot ADA ETF in the United States. Grayscale has submitted a request to launch such a financial product, and the US SEC acknowledged the application back in February.

If granted, this product would provide easier access for both institutional and retail investors to acquire ADA without the concerns associated with holding the underlying asset. According to Polymarket, the likelihood of approval by the end of 2025 is estimated at around 45%.

Furthermore, ADA’s value might surge in response to a significant partnership involving Cardano. Recent discussions related to potential collaboration with Ripple suggest that a partnership might be forthcoming, although no official confirmation has been made yet.