Greed

Cardano

Cardano (ADA) has had one of the <a href="https://www.newsbtc.com/news/cardano-profitability-on-the-rise-1-7-million-addresses-hit-2-year-high/" target="_blank" rel="noopener noreferrer nofollow">best price gains this year</a>, up by 137% from its price point of $0.2464 at the beginning of the year. <a href="https://www.newsbtc.com/news/cardano/cardano-rally-0-75-late-december-analyst-explains/" target="_blank" rel="noopener noreferrer nofollow">Various predictions have come</a> in on ADA’s future price trajectory as investors begin to wonder if the altcoin can continue to lead market gains. <a href="https://changelly.com/blog/cardano-ada-price-predictions/" target="_blank" rel="noopener noreferrer nofollow">Changelly’s </a>long-term forecasts indicate that the value of ADA may continue to rise steadily, finally surpassing its all-time high in the years to come and reaching over $7 by the end of the decade.
<h2 id="b-cardano-price-predictions-from-top-crypto-analysts-b">Cardano Price Predictions From Top Crypto Analysts</h2>
Cardano has had <a href="https://www.newsbtc.com/news/cardano-rises-56-to-dominate-weekends-top-10-roster-details/" target="_blank" rel="noopener noreferrer nofollow">17 green days in the past 30 days</a>. At the time of writing, the altcoin is trading at $0.5845, down 81.19% from its all-time high of $3.09 in September 2021. However, crypto exchange Changelly’s prediction indicates this is poised to change soon, with technical indicators now indicating an 82% bullish market sentiment. According to the prediction, the bullish sentiment could as well push ADA to $0.628404 by the end of the year.
The bullish outlook of the crypto exchange extends well beyond the scope of the current year’s forecast, approaching a slow but steady prediction basis. Changelly predicted that ADA could break the $1 mark again by December 2025, and break above its current all-time high of $3.09 by October 2028.
Assuming the trend of price appreciation continues, ADA might end the decade around the $7 price point. This represents a staggering 1100% increase from its current price. If this happens, this would mean Cardano’s total market cap would grow well over $300 billion. Additionally, Changelly projects ADA reaching an average price of $13.23 by December 2032.
<h2 id="b-how-feasible-is-this-price-point-b">How Feasible Is This Price Point?</h2>
$7 may look like a lofty price point for ADA in this decade, but <a href="https://www.newsbtc.com/bitcoin-news/analyst-expects-bullish-trend-for-bitcoin-ethereum-and-cardano/" target="_blank" rel="noopener noreferrer nofollow">several factors point to this happening</a>, especially if development and adoption continue at the current pace of the last quarter in 2023. CoinMarketCap’s Fear and Greed Index now points to an extreme greed of 80, indicating that the entire market is set for a strong bullish run in 2024.&nbsp;
According to a crypto analyst, Cardano (ADA) is on the verge of a bullish weekly cross for the first time since June 2020. The last time this happened, the crypto went on a 6000% run over the next 66 weeks. A repeat would see Cardano (ADA) reach $35 from its current price.
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ADA</a> is about to get a bullish weekly cross for the first time since JUNE 2020
 The last time this happened it pumped 6,000% over the next 66 weeks<a href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#cardano</a> <a href="https://t.co/xQvvbf3b1O" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xQvvbf3b1O</a>
 — Tyler Strejilevich (@TylerSCrypto) <a href="https://twitter.com/TylerSCrypto/status/1733286733788107151?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 9, 2023</a>
</blockquote>
On the other hand, crypto analyst Ali Martinez warns of a potential short-term pullback before the restart of an uptrend.&nbsp;
<blockquote class="twitter-tweet">
 Watch out! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> Sell signals have emerged on both the 3-day and 1-day <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ADA</a> charts, suggesting a potential correction of one to four candlesticks.
 This may just be a short-term pullback before <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Cardano</a> resumes its uptrend! <a href="https://t.co/t1e1aQLotw" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/t1e1aQLotw</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1733477836453711892?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 9, 2023</a>
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Featured image from Shutterstock

Crypto Market Experts Predict When Cardano (ADA) Price Will Cross $7

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