The Cardano community is one of the fastest growing in the crypto space and this has put a heavy spotlight on the ADA price. With expectations already rising even during the crypto winter, there are key factors that stakeholders believe could push the altcoin’s price up to $12.
ADA price can reach $12
During the last bull market, ADA price staged a massive rally, with the coin rising from $0.03 to $3.10 at its peak. This price action cemented the token as one of the bull winners, and some investors believe the coin could be primed for another iteration of this price action. One X user (formerly Twitter) made some points as to why this might be the case.
In the post, the user points out the current state of interaction and sentiment in the crypto market right now, which they call brutal. However, they do not believe that this will always be the case. According to the user, a rapid change in interaction and sentiment would lead to a rapid price increase.
At this point, they believe that most investors will end up investing in the asset at a much higher price of $3 and above. This would put the price at the previous record high. However, it doesn’t stop there. They stated that the ADA price would be between $8 and $12 at the end of the next bull market.
$ADA will once again be a top mover in the bull market
But most will jump above $3
Interaction and sentiment here #crypto is cruel at this point
But this will change very soon –
and if so, there will be drastic price movements that most will not be able to…— ADA WILL NOT BE UNDERVALUED FOREVER (@ADA_ONEVETCOTI) September 23, 2023
As with any prediction, a time frame is often requested responded that they expect this to happen in the second quarter of 2025. This would coincide with the current four-year cycle in which cryptocurrency prices usually peak in the second and third quarters.
ADA wavers amid expectations | Source: ADAUSD on Tradingview.com
Cardano is in better shape
A prominent Cardano influencer has done just that painted a bullish view for the digital asset. @cardano_whale, an account with over 137,000 followers on X, said in a tweet that the Cardano network is currently in better shape than ever before.
They urged investors who are increasingly critical of the network to consider whether they are because they are projecting their emotions from the ADA price action onto the network itself. “If you’ve noticed that you’ve become increasingly negative about it over the past year, consider that you may just be projecting emotions of price action onto it,” the post said.
Although ADA hasn’t had the most impressive performance, this hasn’t deterred analysts’ bullish forecasts. One analyst explained that ADA at $0.25 was a key accumulation price and that the price of the digital asset could rise as much as $5.