Could Cardano Rally 1500%? Analysts Assess ADA’s Growth Potential

• Jason Marks points to significant progress in Cardano ADA’s performance suggesting a potential increase of 222% initially, with an ultimate target of $7.80 through a 1500% surge.
• Speculation about Gemini potentially listing the ADA token has been circulating in the market, fueled by a tweet from Gemini praising ADA’s features.

Cardano’s native cryptocurrency ADA has had a pretty dull phase recently with the altcoin slipping all the way to the tenth position in the top-ten crypto list. As of press time, the Cardano (ADA) price is trading at $0.43 with a market cap of $15.4 billion.

Cardano’s lackluster performance may be attributed to various factors, but analysts foresee a potential 1500% surge in the near future, offering renewed optimism.

Renowned crypto analyst Javon Marks has suggested the possibility of this substantial surge. He points to clear signs of progress in the token’s performance, notably breaking through resistance trends. Marks predicts a potential 222% increase, propelling ADA to $2.7709 initially, with an ultimate target of $7.80 achievable through a 1500% surge.

The journey to reach $2.7709 from its current value presents a significant challenge. However, once this milestone is achieved, a further upside of 460% could pave the way for reaching the next target, per the Crypto News Flash report.

Crucially, Marks’ analysis draws not only from current market conditions but also from historical evidence, lending credibility to this optimistic forecast.

Another analyst, Trend Rider, echoes a comparable prediction for Cardano. Trend Rider forecasts that Cardano is maintaining support levels, suggesting an imminent end to the bearish trend within the next week or two. Once bearish pressures subside, Cardano’s price is anticipated to embark on a sustained rally.

These optimistic forecasts are not novel, as analysts have been anticipating such gains for several months. Two months ago, Ali forecasted a bullish surge for Cardano, aligning it with previous bullish cycles. He suggested that if the trend persisted, ADA could potentially reach $10.

Will Gemini Exchange List Cardano?

Speculation about Gemini potentially listing the ADA token has been circulating in the market for several days. This speculation gained traction after Gemini posted a tweet praising ADA’s features. If the listing materializes, it could attract more attention and liquidity to Cardano, thereby potentially boosting its price.

Presently, Cardano is trading at $0.4337, reflecting a relatively subdued performance. The price of Cardano has been steadily declining for days, even weeks. However, the recent 57% surge in its trading volume suggests increased demand for the token. Furthermore, the potential listing on Gemini could contribute to a significant price surge or even a rally, as suggested by analysts.

On the other hand, the Cardano ecosystem has continued to progress simultaneously. As reported by Crypto News Flash, there have been major updates across core technology, wallets, scaling, Education, etc.