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Crypto analyst Dan Gambardello has highlighted the Cardano (ADA) roadmap to a new all-time high (ATH). The analyst also suggested that Cardano was halfway through reaching a new high, noting which part of its cycle the coin was currently in.
Cardano is in phase 3 of its cycle
Gambardello noted in an X (formerly Twitter) after that Cardano is in the third phase of its cycle. He claimed that this part of the cycle for ADA is the “Told you.” You should have listened” stage. This refers to the point where investors are starting to capitulateassuming that the crypto is unlikely to rise in the bull market given the bearish price action.
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Once this phase is over, Cardano is expected to move on to the next phase of his cycle, which Gambardello called the “Here we go again, another bull trap” phase. This stage will help shake out the short-term traders who jumped on ADA, believing the price would rise quickly enough. Once the infidels are shaken out, the analyst predicts that Cardano will move into the final part of its cycle, when it will destroy its ATH and reach new heights.
In his accompanying chart, Gambardello predicted that Cardano would rise as high as $15 by the end of 2025. The analyst also indicated that ADA will see a price increase after 2025, which is expected to mark the end of this cycle’s bull run. Interestingly enough, he predicts that Cardano’s prize will double within a year and rise to $31 by the end of 2026.
An increase to $31 means that Cardano will have a market cap of $1 trillion. For context: the crypto market currently has a market cap of $2 trillion, meaning this figure will increase exponentially if ADA alone is valued at $1 trillion. The analyst did not give any reason to believe that the crypto can experience such enormous growth in two years.
A more conservative price forecast
Crypto analyst InvestingHaven has made a more conservative price prediction for Cardano. In one X messagethe analyst stated that the crypto will reach a “super bullish target of $1.95” by 2025. He also wondered if ADA ready for an outbreakclaiming that the Fibonacci level of $0.443 was the key to unlocking higher prices.
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InvestingHaven added that Cardano’s 2025 outlook is full of potential, reaffirming that this is when the crypto will experience a parabolic rally. ADA has had a difficult 2024, despite bullish developments such as the Chang hard forkthat ushered in a decentralized system of government for the US Cardano network. It is one of the worst performing crypto assets this year, with a year-to-date (YTD) loss of more than 40%.
As of this writing, Cardano is trading around $0.35, down almost 2% in the past 24 hours, according to facts from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com