Despite its recent subdued performance, Cardano's price is expected to rise significantly, with experts showing optimism about its future. A prominent analyst has predicted Cardano, currently trading below $1, could soon leap to $5.
Crypto analyst Dan Gambardello shared his bullish view on October 6, pointing to historical trends and bull cycles. He expects Cardano to surpass $1 before year-end. If the cryptocurrency follows past market trends, its price might surge to $5. During the previous bull market in 2021, Cardano hit an all-time high of $3.10.
Despite an 88.43% decrease from its peak, experts suggest Cardano is poised for growth, potentially exceeding previous highs. Metrics such as Relative Index Strength (RSI) and higher low action indicate a bull rally. Gambardello believes Cardano could reach $1 by 2024, then climb to $5 or $10 post-breakout over $0.42.
Similarly, another crypto analyst, 'Sssebi', predicts Cardano reaching $10 by 2025, progressing from $0.5 to $1 first. The anticipated surge may surprise the cryptocurrency market, prompting "FOMO" among investors recognizing Cardano's potential. This bullish sentiment is supported via analysis on platforms like Tradingview.com.
