In an unexpected turn that has the crypto community buzzing, well-known analyst Tyler Strejilevich has hinted at a potential major surge for Cardano (ADA). Strejilevich, famous for his sharp insights, recently noticed a positive weekly cross on ADA’s chart, reminiscent of an event three years ago.
This past event led ADA to a remarkable 6,000% surge in just 66 weeks, reaching an all-time high of $3.09 in 2020.
Eager to read what this expert has to say and why? Dive right in.
History Repeats?
Comparing notes with history, Strejilevich suggests that Cardano might follow a similar path, predicting a surge to $33 over the next 66 weeks. If history is any guide, ADA could see an impressive 985.76% increase, reaching a projected price of $33.55 by March 15, 2025.
While Strejilevich is optimistic about ADA, another group of analysts offers a different outlook on the future of the ninth-largest cryptocurrency. Their prediction leans towards a more conservative scenario, suggesting ADA might only hit the $1 mark by 2025.
According to this alternative forecast, ADA’s average price for 2025 is expected to be around $1.01, with the coin’s maximum and minimum prices pegged at $1.16 and $0.97, respectively.
Also Read: Cardano Price Prediction : ADA Price Poised For 70% Rally By Late December
From Gains to Setbacks – It’s Been a Rollercoaster!
Strejilevich’s projection of ADA surging to $33.55 represents an impressive 985.76% increase from the coin’s previous all-time high of $3.09. Despite differing forecasts, ADA has shown notable gains throughout the year, with a year-to-date rally of 125%.
After hitting an 18-month high at $0.615, ADA faced a setback, dropping nearly 8.56% to $0.55 in tandem with Bitcoin’s retracement below $41,000.
In the latest market update, ADA’s current price is $0.59, reflecting a 6.2% increase over the past 24 hours. As the crypto community closely watches ADA’s price movements, Strejilevich’s bold forecast adds an exciting element to the unfolding narrative of Cardano’s future.
Read More: What Propelled the ADA Price Higher?
