Cardano (ADA) is one of the most promising cryptocurrencies in the realm. The token has been forging its own path, climbing out of the constant price derailments to finally claim the $1 price mark. Cardano has steadily been putting pressure, amping its stance to claim higher price marks. But can it claim $3 sooner than predicted timelines? One analyst thinks so.
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Analyst Predicts Cardano To Claim $3
Cardano (ADA) has finally claimed the $1 mark, hitting the ambitious price spot after several attempts and delays. Now that it has climbed to a stable price pedestal, investors are hoping for an extended twist, expecting the token to hit more significant milestones. ADA has lately been showing an ebb and flow in its price, as Bitcoin continues to go back and forth after touching the $100k price mark.
Dan Gambardello, a notable cryptocurrency analyst, took to X to share his own ADA timeline. The expert noted how the bull market will help ADA reach its highest potential, going a mile ahead to assist the token in claiming high price spots in due time.
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Per Gambadello, Cardano is already gearing up to hit the $2 mark very soon. With credible interest and attention that the token is receiving as of late, Gambardello shared that it may help ADA claim $2 sooner rather than later.
For ADA to touch the $3 mark, Gambardello shared that it may occur somewhere around January 10. Referencing the current ADA price cycle and patterns, the expert shared that ADA may claim the $3 price mark around January 24th, given that the market pump supports Cardano’s future hike.
“The Cardano pump to $2 will likely be here sooner than most people realize. And according to cycle data, the pump back to $3 could realistically occur by January 10. Since I’m usually slightly early with these things, let’s say January 24th.”
The Token’s Technical Markers And Analysis
Cardano is currently sitting at $1.01, up 1% in the last 24 hours. The token has noted an uptick of 78% in the last month.
According to CoinCodex, Cardano may note a modest surge by the end of December, helping ADA to sit at a price spot of $1.03.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 3.09% and reach $ 1.039881 by January 10, 2025. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 74 (Greed). Cardano recorded 20/30 (67%) green days with 23.21% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”
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