Cardano (ADA) Faces Potential 6,000% Surge, Analyst Predicts

Cardano

Renowned market analyst Tyler Strejilevich has set the crypto community abuzz with his bold speculation on Cardano (ADA), positioning it for a remarkable surge in the coming weeks. With over 89,000 followers on Twitter, Strejilevich recently dropped a bombshell, suggesting that ADA, currently the ninth-largest cryptocurrency by market capitalization, could experience an astonishing surge of up to 6,000% over the next 66 weeks.

Bullish Weekly Cross Sparks Speculation

Strejilevich’s optimism stems from the emergence of a bullish weekly cross on ADA’s chart, which last occurred over three years ago in November 2020. During that period, ADA witnessed an impressive surge of 6,000% over the subsequent 66 weeks. Strejilevich’s tweet alludes to the potential repetition of this scenario, projecting ADA to soar to $33.55 by March 15, 2025.

ADA was valued at $0.54 as of the time of writing, reflecting an 8.79% decline over the past 24 hours. Notably, a climb to $33.55 would signify a staggering 985.76% increase from ADA’s previous all-time high of $3.09.

Related article: Cardano Founder Charles Hoskinson Denies Affiliation with Controversial Memecoin

ADA’s Strong 2023 Performance

ADA has already shown significant gains in 2023, rallying 125% year-to-date, according to CoinMarketCap data. Recently, the cryptocurrency reached an 18-month high of $0.595 but experienced a setback, dropping nearly 7.56% to $0.55 as Bitcoin retraced below $41,000.

Differing Predictions: Strejilevich vs. Analyst Group

While Strejilevich paints a bullish picture, suggesting a significant surge to $33.55, another group of analysts takes a more conservative stance. In contrast to the optimistic prediction, they foresee ADA reaching only the $1 mark by 2025.

Their average price prediction for ADA in 2025 is approximately $1.01, with the coin’s maximum and minimum prices pegged at $1.16 and $0.97, respectively.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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