Cardano’s ADA token experienced a 180% surge last month, reaching $1.12. Analysts predict further growth above $1.20 and long-term targets up to $5. Daily active addresses hit a 17-month high, suggesting increased network engagement and potential for additional price growth. Experts like Mihir, Sssebi, and Jake Gagain are optimistic about a bounce above $1.20, with Gagain even predicting a new all-time high of $5 during this cycle.
Cardano’s founder, Charles Hoskinson, has been working on more comprehensive crypto regulations with the Trump administration, which could be a factor in the token’s impressive rally. Despite recent market correction, on-chain indicators like increased daily active addresses suggest potential for further price growth.
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