In the last month, the Cardano (ADA) cryptocurrency is down nearly 20%. Most of the cryptocurrency realm suffered a hit in late March/early April in line with the US stock market drop. However, the crypto market is picking up momentum, and the leading Bitcoin (BTC) token is showing bullish signs. Typically, the crypto market follows the leading crypto coin through ups and downs, and analysts suggest a bullish period is ahead for BTC. Thus, could Cardano ADA be on its way up as well?
The Cardano Network’s founder, Charles Hoskinson, recently went on the record saying that Bitcoin could reach as high as $250,000. A sharp rise in speculative interest is likely by late summer, according to Hoskinson’s market outlook. “The markets will stabilize a little bit, and they’ll get used to the new normal,” he said, suggesting that an eventual rate cut by the Federal Reserve could drive capital into cryptocurrencies. Further, economic uncertainty could drive investors toward alternatives like crypto. “If treaties no longer hold, and traditional finance becomes unstable, crypto is the most viable global solution,” he noted.
With a surge like this, other big assets like XRP, ETH, and ADA could also pick up momentum. Thus, price predictions for the Cardano cryptocurrency are picking up. According to CoinCodex, ADA could hit the $0.75 mark on Apr. 15. ADA’s price will rally by 17.19% if it hits the $0.75 target. The platform does not anticipate ADA to breach the $0.90 mark anytime before May 16.
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The ADA coin forecast also shows some moderation in the late months of 2025, with December averaging around $0.814804, which could yield a potential 14.91% ROI from current prices for those looking at year-end positions.
If Bitcoin were to surge to $250,000, that would be a roughly 314% climb from current prices. A similar climb for Cardano ADA from its current value could send the coin to $1.68. While that’s still far from the assets’ all-time high, it is certainly a huge climb nonetheless.