Cardano (ADA) has been a hot topic in the crypto world lately, especially with its recent surge in price and new partnerships. Many investors are now wondering just how high the price of ADA could go in the near future. In this article, we will delve into the recent price movements, analyze potential future scenarios, and make a long-term prediction for Cardano’s trajectory.
Cardano Breaks a New High After Months
After a prolonged period of decline, Cardano’s price finally broke out of its downward trend, reaching a high of $0.86. This breakout is significant as it could signal a shift from a bearish market to a bullish one. Currently, Cardano has strong support levels around $0.77 to $0.72, and there is a possibility of a retest before another upward move.
Can ADA Reach $2 or More This Bull Market?
According to Investing Broz, Cardano could potentially reach new highs between $1.70 and $2.40 by the end of the summer. However, predicting the peak of this bull market requires considering factors such as the total circulation of ADA, Cardano’s market dominance, and the overall crypto market cap.
When Will the Bull Market Peak?
Predicting the exact timing of a bull market top is challenging, especially with the increasing involvement of institutional investors who can influence market dynamics. While the traditional four-year cycle suggests a peak around September or October 2025, recent trends indicate a potential shift in this pattern. A safer estimate would be around mid-2026 when institutional capital is expected to flow into the market.
How Much ADA Will Be in Circulation?
Currently, there are approximately 35.3 billion ADA tokens in circulation, with expectations of reaching around 36.5 billion by the summer of 2026. This gradual increase in supply could impact the price as more tokens become available.
How Much of the Crypto Market Will Cardano Control?
Cardano currently holds around 0.88% of the total crypto market, with expectations of a slight increase in dominance to between 2% and 4% by the peak of the bull market. The growing competition in the market makes it unlikely for Cardano to reclaim its previous dominance levels.
Cardano’s Possible Market Cap and Price
If the total crypto market cap reaches $11 trillion and Cardano maintains between 2% and 4% dominance, its market cap could range from $220 billion to $440 billion. Based on these projections and the expected circulation of 36.5 billion ADA tokens, Cardano’s price could potentially reach between $6 and $12 during the peak of the bull market, with an optimistic scenario seeing it soar to $880 billion in market cap.
In conclusion, Cardano’s future looks promising, with potential for significant price appreciation in the coming years. Investors should keep a close eye on market trends and developments to make informed decisions regarding their ADA holdings.