The post Cardano (ADA) Predicted to Surge 169% to $2.61: Key Factors appeared on BitcoinEthereumNews.com.

Coincodex has made a bold prediction, forecasting that Cardano could experience a significant surge of 169%, potentially reaching a value of $2.61, up from its current price of $0.90. ADA has seen a 7.8% increase over the past 30 days and a 1.89% rise in the last week, showcasing its resilience and potential for continued upward movement. Cardano (ADA) has been displaying some bullish momentum recently, especially after a remarkable climb above the $1 mark on January 20, 2025, following a previous dip below this threshold. This recovery came as a surprise, especially considering the political climate surrounding Donald Trump’s inauguration as a pro-crypto president, which many expected to bring volatility to financial markets.  Coincodex’s Bullish Outlook Despite the recent turbulence, ADA’s outlook remains a topic of considerable debate among experts. Coincodex, a comprehensive cryptocurrency aggregator, predicts that Cardano will enter another bullish phase in February. The platform forecasts that ADA will reclaim the $1 mark by February 3 and continue its upward trajectory, rising by 84.30% to reach a value of $1.82 by February 20, 2025. The predictions don’t stop there, Coincodex anticipates a more significant rally, projecting ADA to hit $2.61 by April 15, 2025. This potential price surge represents a significant rally of about 169% from its current price level. However, for context, Cardano hasn’t traded above $2 since November 2021, when it hit its all-time high of $3.09. Changelly’s Cautious Prediction In contrast, Changelly, another crypto platform, offers a more cautious outlook for Cardano’s future price action. They anticipate that Cardano will face a slight dip over the next few months. According to their forecast, ADA’s value in February 2025 will not drop below $1.40 but will peak at $1.91, with the estimated average trading value expected to settle at around $1.66. In April 2025, Changelly…

---

Filed under: News - @ January 22, 2025 12:25 am