[ccpw id="39382"]

HomeCrypto NewsMarketAnalyst Predicts $32 Price for Cardano in Next Bull Market 

Analyst Predicts $32 Price for Cardano in Next Bull Market 

Date:

Written By:

Prominent crypto analyst Jason Appleton makes a jaw-dropping prediction for Cardano, as he expects ADA to hit a whopping $32 in the upcoming bull market.  

In a recent tweet by Appleton, the analyst speculated that ADA could be one of the best-performing altcoins at the peak of the next bull run. 

He backed the prediction by stating that ADA could surge to $32 during the apex of the upcoming bull cycle. Notably, the $32 price prediction for ADA suggests that the eighth-largest cryptocurrency will need to surge 5,145% from its current value of $0.61. 

- Advertisement -

ADA Astounding Performance 

Appleton’s prediction comes at a time when the price of ADA has been on an upward trajectory. 

ADA is currently among the top-performing cryptocurrencies this year. The coin’s price has rallied 150.6% year-to-date (YTD), surging to nearly $0.68 on December 14. 

The development might surprise many, given that ADA crashed to a yearly low of $0.23 in September 2023. Interestingly, ADA has been putting smiles on the faces of many investors ever since, as it rallied to a 19-month high of $0.67 on December 14. 

With the bull cycle expected to commence any moment, ADA could surge beyond this price level. For context, a bull market is characterized by a massive spike in crypto prices and investors’ optimism.  

- Advertisement -

While some analysts predict that the next bull market will be ushered in after the next Bitcoin halving, others speculate that the bull cycle will begin when the U.S. SEC approves a spot BTC exchange-traded fund (ETF). 

Other Bullish ADA Predictions 

Aside from Appleton, several crypto analysts have made bullish predictions for ADA. As reported earlier, market analyst Tyler Strejilevich spotted the reappearance of a bullish weekly cross on the ADA chart. 

The analyst said the last time the cross appeared on the chart, ADA spiked 6,000% in 66 weeks. Strejilevich speculated that ADA could surge as high as $33.55 if the same scenario plays out by March 15, 2025. 

Similarly, Crypto Capital Venture founder Dan Gambardello predicted that ADA could rally to $11 by 2025.  

DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

More from Author

Latest Stories

Guides