As altcoin seasons come as a surprise, Cardano is likely to hit $10 by mid-2025 based on past historical patterns. Analyst Predicts Cardano to Hit $10 in Current Cycle With Strong Buy Signals, When Will It Happen? – Source: Cryptonews Cardano (ADA) has broken through its highest levels in over two and a half years above $1.24 due to the high demand for the coin, amid growing expectations that it will hit $10 in the current cycle. ADA has surged more than 250% since President-elect Donald Trump’s victory last month, with traders believing that the expected shift in US policy toward cryptocurrencies will benefit Cardano and its ecosystem. In a related development, popular crypto YouTuber Lark Davis recently expressed optimism that Cardano can make further gains, noting in a recent video that the coin has the attention and promotion it needs to reach $10 during the current cycle.
ADA’s current price is facing resistance in the $1.25 area, the high recorded in March 2022, and a break above this level could open the way for a rapid rise towards new levels exceeding $3, which is a 10-fold increase compared to its price before Trump’s victory. These amazing gains come at a time when the Cardano project is marketing itself as a decentralized finance platform for the Bitcoin blockchain. There is a possibility that the project’s founder, Charles Hopkinson, will play an important role in developing cryptocurrency policies within the next US administration; this should have a significant positive impact on Cardano and its ecosystem as a whole.
When will Cardano price reach $10?
ADA’s price rally to $10 would be a gain of around ten times its current price. Traditional financial investors would think that such returns would take years or decades to achieve, but that’s not the case in the crypto world. As an altcoin, its price can see strong and rapid movements in a very short period of time, as altcoin markets begin to move. While ADA’s over 250% surge in just a few weeks last month is impressive, it’s not surprising given its previous performance in early 2021, when it gained over 1,000% in just over four months, rising from around $0.204 to around $2.50. Also, expectations of a major shift in the US regulatory landscape in favor of cryptocurrencies in 2025 have contributed to the altcoin market’s recovery, and it seems that altcoin season has already begun. Therefore, it is not unlikely that the price of ADA will reach $10 before mid-2025. There is no doubt that the possibility of achieving 10-fold gains may interest many investors, but a certain category of adventurous crypto traders consider it simple, as they are looking for new projects that will bring them profits of up to 100 times in a short period. Perhaps the most prominent way to achieve this - and more - is to invest in a new meme coin that has not yet gained its share of fame.However, many traders often fall into the fear of missing out trap and invest in small cap coins as soon as they see their price increase on platforms like DEXScreener; they often fall victim to scam projects that either end up scamming or pump-and-dumping. It may be worth exploring meme coin IPOs, as this stage offers several advantages over buying coins directly after they are released on decentralized exchanges, and usually lasts for a few weeks to allow investors enough time to do their research carefully. The funds raised during this phase can be directed towards marketing, product development efforts, and community expansion, which increases the chances of the coin’s success and reaching a wider audience. In the same vein, cryptonews.com analysts closely follow meme coin offerings and have chosen Flockerz (FLOCK) as one of the best options currently available, a new meme coin that adopts the Vote to Earn (V2E) concept and is managed by a decentralized autonomous organization (DAO).