The altcoin market saw heightened activity over the weekend, with Cardano (ADA) taking the spotlight. ADA’s price surged to $0.59, marking a weekly gain of over 50%. Recent data from Santiment reveals ADA hitting an 18-month high at $0.633, the highest since June 2022, accompanied by a notable increase in trading volume. Cardano’s renewed popularity, constituting 4% of current crypto discussions, positions it at the forefront of market attention, signaling a resurgence in crowd interest. Despite high FOMO levels, ADA is gaining momentum and reclaiming a prominent spot in the cryptocurrency space, currently holding the 8th position in market cap.
Santiment reports an impressive 59.14% weekly surge for Cardano, its most substantial since August 2021 when it reached an all-time high of $3.09. The upward momentum, initiated in mid-October, continues, setting Cardano up for an eighth consecutive week of gains. This week stands out with six consecutive days of positive performance since Sunday. The recent rally gained traction, notably on Friday, propelling Cardano to peak levels of $0.6448 in yesterday’s trading, with a slight pullback following the surge.
Ada Future Price Potential
Throughout last week, crypto analyst Ali highlighted the notable resemblance between ADA’s current price movement and its pattern observed from 2018 to 2020, marked by consolidation preceding a significant ascent.Citing similarities with late December 2020, when ADA saw a remarkable surge of about 2,350%, peaking at $3.09 in August 2021, Ali forecasts a potential rally for Cardano upon surpassing the $0.45 threshold. The prediction envisions a climb to $0.75 by late December, signaling positive developments.Changelly’s latest report suggests strong gains for Cardano in the coming years. Bullish ADA price predictions anticipate a range of $0.9720 to $1.16 by 2025, with an average of $1.01. Projections extend into 2026 and 2027, indicating average prices of $1.41 and $1.93, showcasing a consistent rise in ADA value.The years 2028 and 2029 are predicted as breakout years, with average prices of $2.80 and $4.19, potentially surpassing its all-time high. Looking ahead to 2030, Changelly predicts an average price of $6.33, demonstrating strong confidence in Cardano’s long-term potential.
