Analyst Predicts Cardano Explosion to $8, When

Recently, Cardano has been predicted to rise, particularly after the Chang update. One of the network's most significant updates in a while has boosted supporters' hope. Additionally, crypto researcher Alan Santana anticipates a huge increase for the altcoin's price to new all-time highs.

Cardano Cycle Position

Last three years, Cardano has witnessed bullish and bearish cycles, but the bears seem to have triumphed. The ADA price has been mostly down since 2021, when it reached its all-time high of $3.10. Although this would ordinarily deter investors, crypto expert Alan Santana notes it in his positive research.

The crypto expert said Cardano was in a bear market between its all-time high until 2023, when it started rising. A consolidation period from 2023 to 2023 followed.

After consolidation, the ADA price rose in 2024. This raised its price from $0.24 to $0.79. Santana calls this the “initial bullish breakout.” The expert calls this era the “entree or appetizer before the major bull-market.” This suggests that if the analyst is accurate, this early breakthrough is only a prelude.

Since its local top of $0.79, Cardano has dropped 50% of its value, worrying investors. The crypto expert considers this a “minor correction” that won't matter throughout the bull cycle.

How High Can ADA Prices Go?

Santana expects Cardano to bottom at $0.22, according to his research. After the dip, a rally should boost the price upward. From this, short- and long-term objectives emerge.

Short-term goals are 284.5% to $1.36 and 475.39% to $2. However, the crypto researcher forecasts far more spectacular ADA price increases over time. Two stand out: One is a 1,272.18% rise to $4.8, a record. One of the biggest rallies is 2,200% to $8.

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