Cardano (ADA) has 10% over the week. It dropped from a weekly high of $0.7381 on March 25 to now trading at $0.6633.
Even with these losses, its market cap is still holding on as it only lost 1% today, with a massive 63% surge in trading volume recorded.
However, Crypto analyst anonymous believes the price is gearing up for a big rally, predicting a 900% surge to $3.80 or even $5.60 by 2025.
According to the analyst, the monthly chart is showing a pattern that is similar to what happened in 2021 when Cardano exploded by 1,420%, surging from just $0.17 to $3.10. Anonymous believes that history is going to repeat itself.
One of the biggest reasons for such a bullish prediction is the possibility of listing Ripple’s $RLUSD stablecoin on Cardano.
If that happens, it can potentially bring a lot of liquidity to the network, thereby making ADA even more attractive to investors.
Cardano founder Charles Hoskinson has confirmed the negotiations with Ripple are on, and this is what’s gotten people talking
Cardano founder Charles Hoskinson has confirmed that talks with Ripple are happening, which has fueled excitement. “A major development for ADA’s ecosystem is in the works,” he hinted. Many believe this could be the key to Cardano’s next big move.
Currently, ADA is testing a resistance level at the $0.720–$0.750 area; if it breaks, a large rally is possible. But if it falls below $0.675, it may fall even lower before rebounding.
Another factor driving interest in ADA is U.S. President Donald Trump’s crypto-friendly stance. Some analysts think his Strategic Reserve policy could increase demand for Cardano, especially if institutional investors start joining in on ADA.
With all of these developments in motion, traders are getting restless. Moreover, Cardano has a reputation for making huge moves when the market is in its favor.
Also Read: Cardano (ADA) Holds Support, Could Reach $1 Again
