ADA Price Prediction: Analyst Expects Up to 2,000% Surge
In a recent prediction on X (formerly Twitter), crypto analyst Kara Szabo has presented a bullish case for the price of ADA, the native cryptocurrency of the Cardano blockchain. Szabo predicts that the price of ADA could rise as much as 2,000% from its current level, with a potential timeline for this surge.
One key factor in Szabo’s prediction is the performance of ADA during the last bull market. She believes this performance serves as an indicator of what is to come in terms of price movement. Additionally, Szabo highlights the token’s supply and initial distribution as contributing factors to the bullish outlook.
Szabo explains that the initial distribution of ADA’s 45 billion supply was well-executed. She also notes that a significant portion (30.90%) of the supply goes towards staking rewards, allowing holders to earn gains ranging from 3% to 6% while waiting for the next bull market cycle.
Another important aspect considered by Szabo is the strong and supportive Cardano community. Despite price fluctuations, this community has remained dedicated and loyal to the ADA token. Szabo describes the community as friendly, honest, helpful, and continuously growing, which she believes will contribute to the token’s success.
Interestingly, Szabo expects the price of ADA to reach as high as $5, marking a 20x increase from its current level. She predicts that this milestone could be achieved by 2025, based on the four-year cycle of the crypto bull market. This cycle suggests that the ADA price could peak during that year, reflecting a two-year timeframe for the prediction to materialize.
Szabo highlights that ADA has already reached new all-time highs in 2021, surpassing its previous peak in January 2018. This pattern suggests that the token has the potential to at least double its previous high, making Szabo’s prediction conservative yet achievable.
In concluding her post, Szabo acknowledges other analysts who have made higher predictions, such as ADA reaching $10. She recommends investors include ADA in their portfolios but also emphasizes the importance of diversification.
Currently, ADA is trading slightly above $0.25, representing a significant drop of 91.98% from its all-time high of $3.10 in September 2021.
Source: NewsBTC
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I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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