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Notable Cardano pundit Dapp Central has suggested that this could be the last time to accumulate Cardano amidst bullish Bitcoin predictions.
In a recent commentary, the analyst argued that Cardano (ADA) could be on course for an explosive bull cycle following price predictions from founder Charles Hoskinson. For context, the Input-Output Global (IOG) CEO recently predicted that Bitcoin would trade between $250,000 and $500,000 in the next 12-24 months.
Dapp Central stated that Bitcoin’s foray to the price mark would mark the biggest bull cycle for the industry giant as well as altcoins. Furthermore, he insisted it would be the last time users could accumulate Cardano at a discounted price.
Notably, the market pundit based his assertions on Cardano’s position as the “next in line” after Bitcoin.
Analyst Says Cardano Targets Another 143% Surge to $2.7709
Meanwhile, analyst Javon Marks says Cardano has continued to show bullish momentum. In a December 1 post, the market speculator asserted that this sustained sentiment would ensure further uptrends for the sixth-largest cryptocurrency by market cap.
Marks suggested that ADA’s next uptrend would target a 143% surge from the current market price to $2.7709. Notably, such uptrend propensity would ensure the asset hits a price level last seen in November 2021.
Nevertheless, the seasoned analyst noted that history suggests that Cardano could surge further from the $2.7709 price mark. In an accompanying chart, Marks shares the digital asset could complete a 2,727% price upswing from its market lows, similar to the 2021 cycle.
If history repeats, Cardano will target price levels at $5.296 and $7.82, as seen in Marks’ chart. Meanwhile, it remains below the $10 price speculation from pundit Lark Davis.
Cardano Tipped for Bullish Start to 2025
With Cardano nearing a 200% year-to-date uptick, enthusiasts have enjoyed considerable gains. However, analyst Dawson Allen expects further gains in the first two months of next year.
In an analysis today, the commentator showed that Cardano saw massive January and February upticks in the last bull cycle year. Specifically, he stated that the sixth-largest crypto asset by market cap gained a cumulative 367% within these months.
Cardano Monthly Returns
He speculated that a similar appreciation would push ADA to at least $3.67 per coin, accounting for a 222% upsurge from the current market price. Notably, the price mark would also be a new all-time high for Cardano, which peaked at $3.10 in September 2021.
Meanwhile, ADA trades at $1.14 at the time of writing, up 7% in the past 24 hours.