Expert Predicts Cardano Price if Dogecoin Reaches $1
The post Expert Predicts Cardano Price if Dogecoin Reaches $1 appeared on BitcoinEthereumNews.com.
A famous crypto expert speculates that Cardano (ADA) could surge to an all-time high (ATH) of around $12 over the next few months if Dogecoin rises to $1. Cardano recorded an impressive performance in the second phase of the bull run, which began immediately after the U.S. election. Specifically, ADA surged above the $1 mark post-election, reaching $1.32 on December 7, up from $0.40 in November before the election. This surge coincided with a rally across the broader crypto market, with assets like Dogecoin also recording a considerable price increase. However, ADA has slumped below the $1 mark, as it currently trades at $0.9884 per token. Meanwhile, Dogecoin, which soared to $0.4835 on December 9, has plunged to $0.3436 in the hours leading up to press time. ADA to Hit $12 if Dogecoin Reaches $1 In a post on X, a pseudonymous market commentator projected that Cardano and Dogecoin would embark on significant rallies over the next couple of months. Specifically, the expert expects Dogecoin to clinch the highly anticipated $1 target over the next 6-12 months. This represents a surge of 191.03% from the current price. If Dogecoin reaches an all-time high of $1, its market cap will soar to $147.53 billion. Notably, the commentator expects this prediction to play out between May and November 2025. Moreover, he suggested that if Dogecoin clinches the $1 target, Cardano might soar to between $10 and 12 simultaneously. For context, the $10-12 targets require ADA to surge between 911% and 1,114% from its current price of $0.9884. At $10, ADA will have a market cap of $351.51 billion, while the $12 target will take Cardano’s valuation to $421.81 billion. To illustrate the significance of this surge, a portfolio of 1,000 ADA, which costs about $988.4 today, will be valued at $10,000 if…
Filed under: News - @ January 8, 2025 4:26 pm