Although the token had been enjoying a monumental surge since the start of November, Cardano has dropped 10% over the last week, but that hasn’t stopped analysts from projecting ADA to reach heights of $14 at some point in the currency cycle.
The asset was one of the biggest surprises of the ongoing crypto market rally. With a stark correction hitting the asset, traders are starting to express concern about what this could mean for its 2025 fate. However, several analysts are expecting massive things to come for the token when the new year arrives.
Also Read: Can Cardano (ADA) Continue November Surge to $5 in 2025?
Cardano to $14? Why Recent Corrections Won’t Deter ADA Surge
Since the start of November, the cryptocurrency market has been on a roll. A large part of its recent surge has been the reelection of Donald Trump last month. Indeed, the victory pushed leading crypto Bitcoin above the $100,000 mark for the first time in history.
One of the surprising tokens to get a massive boost from that bull run is Cardano. However, things haven’t been great over the last seven days. As the token has endured a 10% drop, Cardano (ADA) may still be poised to reach heights of $14 in the coming year.
Over the last 30 days, Cardano is still up as much as 85%, according to CoinMarketCap. However, Friday saw the token dip more than 4% to trade at the $1.10 level. Still, the asset is looking to be in the midst of a supercycle, according to Dan Gambardello.
The Cardano milestones of $3, $7, and $14 do not look far at all when you open up a daily chart.
— Dan Gambardello (@cryptorecruitr) December 13, 2024
Super. Cycle. pic.twitter.com/NvSw0p7z4o
Also Read: Cardano to $6? Historical Data Has ADA Eyeing a New All-Time High
In a post to X (formerly Twitter), the Crypto Capital Venture founder explained that the crypto is currently eyeing “milestones of $3, $7, and $14” on its daily chart. Moreover, Gambardello simply wrote, “Super. Cycle,” regarding its current position.
He certainly isn’t alone. Cryptocurrency analyst Ali Martinez has similarly optimistic expectations for ADA in the coming year. In a post, Martines predicted that Cardano would mirror historical patterns and reach at least $4 in the coming year.
Additionally, Martinez was not deterred by any correction. In fact, he shared that a dip to lows of $0.76 wouldn’t deter the projection that would see Cardano reach heights of $6. Altogether, it looks as though today’s price may just be the beginning for the asset. Indeed, it could challenge some of the biggest gainers over the next 12 months.