Logo
Cardano Ecosystem

TheCryptoBasic

03/22/2024

·

77 views


Top Pundit Predicts Cardano to Hit $7.5, Here’s Why

According to popular crypto influencer Jake Gagain, Cardano could go as high as $7.5 by the end of the current market cycle. The price of Cardano (ADA) has recovered tremendously from its 2023 lows of $0.234....

Top Pundit Predicts Cardano to Hit $7.5, Here’s Why

According to popular crypto influencer Jake Gagain, Cardano could go as high as $7.5 by the end of the current market cycle.

The price of Cardano (ADA) has recovered tremendously from its 2023 lows of $0.234. At the time of writing, the coin has gained nearly 200% from those lows, trading around $0.62 with a market cap of $22 billion.

Nonetheless, Cardano is still 70% below its all-time high value of $3.10, set in September 2021. Amid the uncertainty, the prospect of the cryptocurrency ever bouncing back to its previous highs or even seeing a new all-time high remains contested.

Popular influencer Jake Gagain recently weighed in on the subject with a bullish prediction that suggests that Cardano will more than double its previous all-time high. Gagain forecasts that Cardano may only go as high as $1 before Bitcoin’s halving, which is on track for April.

However, he predicts the cryptocurrency will skyrocket after that landmark event, of America hitting a new all-time high. “We could see a $7.50 cents Cardano token during the peak of the [upcoming] bull run” in 2025, Gagain told his over 240,000 X followers.

Reasons Behind Bullish Prediction

Jake Gagain shed further light on the reasons behind his bullish forecast. Beyond Cardano being his favorite blockchain due to his love for its founder, Charles Hoskinson, the influencer acknowledged that the project has built a strong community.

He also added that Cardano is building a strong ecosystem. Unlike the previous bull run when Cardano’s decentralized finance (DeFi) ecosystem was relatively in its infancy, the network now has hundreds of millions in capital locked.

Bullish 2025 Crypto Price Predictions. $BTC $ETH $SOL $XRP $ADA pic.twitter.com/xGQKZYRrpm

— JAKE (@JakeGagain) March 21, 2024

- Advertisement -

Jake Gagain predicts that even more capital will flow into Cardano as the bull market catches on, further inflating the cryptocurrency’s price. For context, the influencer’s $7.5 forecast will represent a more than 1,100% increase from the coin’s current value of $0.62.

Notably, Jake Gagain is not the only market analyst or influencer who is bullish about Cardano’s future. Prominent analyst Ali Martinez predicts a possible rise to $5, with yet another analyst forecasting prices as high as $12.80 within the current market cycle.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on TheCryptoBasic

ORIGINAL SOURCE

https://thecryptobasic.com/2024/03/22/to...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from TheCryptoBasic

See more
Charles Hoskinson Says Cardano is Here to Stay and Not Dead
TheCryptoBasic
Charles Hoskinson Says Cardano is Here to Stay and Not Dead

last Thursday at 7:39 AM

·

28 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)