Cardano price could hit $8 by 2025 as a recent shift in market outlook has caught the attention of ADA investors, according to one analyst. The bold forecast marks a significant change in ADA price prediction, sparking renewed interest among the crypto community. It also comes at a time when the overall market is overly bullish, and Cardano is on the verge of a breakout. Can ADA price surge to $8 by 2025?
ADA price increased by 2.9% in the last 24 hours to trade at $0.3591 during London pre-market hours. The increase likely comes from Bitcoin surging past $73,000 on late October 29, pushing the entire crypto market cap to $2.541 trillion. Bitcoin price is currently trading at $72,210.
ADA/USDT 4-Hour Price Chart
Cardano Price Forecast Just Changed
On his YouTube channel, Crypto analyst Jason Appleton has predicted that Cardano price will reach $8 by 2025 (that’s about two months from now). According to Appleton, who is also a Cardano DRep, historical trends show that when Bitcoin dominance peaked, altcoins experienced significant growth. For instance, from Dec. 2020 to Jan. 2022, BTC dominance fell by 44%, during which ADA’s price soared by nearly 2,000%.
This information is crucial because Bitcoin dominance just hit 60%, an almost 4-year high. Another 10% and BTC dominance will be back to 2021 highs.
The flow of liquidity in the crypto market is such that it enters Bitcoin first, then flows to large caps, then to low caps, and finally to micro-caps. During this flow, Bitcoin dominance drops after peaking at new highs. This data shows the market is inching dangerously close to the alt season.
Appleton also pointed out that enhancing interoperability will make Cardano a layer 2 (L2) solution for Bitcoin, creating a $1.4 trillion liquidity pool. This could boost Cardano price prediction significantly, with estimates reaching as high as $8 by 2025.
Can ADA Price Reach $8 By 2025?
Cardano price shows an interesting historical pattern that seems to be repeating. In the 2018—2021 bear-to-bull market, ADA price crashed from just above $1, bottoming at $0.026. However, just before it began its 2021 bull run, Cardano experienced a nasty 41% crash that lasted for about 3 weeks before the rally. This crash was the signal.
The current Cardano chart shows a high chance of this scenario repeating itself. The historical pattern has repeated itself so far, and only two phases remain—the crash and the rally. If we witness the crash within November, the ADA price could surge to $8 in 2025 and as high as $20 by the end of 2025.
Cardano Price Analysis Chart
Cardano is focused on building a secure and decentralized blockchain, emphasizing quality over speed in development. This approach is expected to yield long-term benefits as the network grows and adapts. In addition, monitoring Bitcoin market dominance as an indicator of altcoin movement could result in the best entry positions.
The post Cardano Price Prediction Just Changed As Analyst Calls For $8 By 2025 appeared first on CoinGape.
