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A renowned crypto analyst has predicted the level and time at which one should purchase Cardano for a life-changing experience.
Following in Bitcoin and Ethereum’s lead, Cardano (ADA) has shown bullish prospects over the past 24 hours. Specifically, the 10th largest cryptocurrency by market cap has increased by 5% within this timeframe, currently trading at $0.6657.
The lively price action follows a period of price consolidation, where it retraced by over 24% in the past two weeks. It reached a low of $0.279 on Binance during a flash crash on October 10 but has since swung past the level.
The analyst identified this area as the bottom for Cardano this decade, claiming an acquisition at that price level opens buyers up for a life-changing opportunity. Notably, he predicts that this approximately 70% crash from the current market price could occur in the first quarter of 2026 to provide “one of the best investments this century.”
Wave Structure Could Propel ADA to $572 per coin
Upon retesting this over two-year low, Mr. Brownstone expects Cardano to follow the wave pattern to unprecedented prices. For context, he predicted that the first wave swing would take ADA back to $0.915 before the correctional wave to $0.428.
Meanwhile, the third wave target is an explosive move to $22.89, representing a 3,338% upsurge from the current market price. Subsequently, the corrective fourth wave that would follow could spark a retracement to $7.5 before the next leg up.
The fifth and final wave swing targets the 1.382 Fibonacci extension at $167.4, which connotes a 25,046% rally from here.
However, Cardano could see higher prices. According to the primary wave structure shown on the chart, $167 is just the third broader wave in Cardano’s growth trajectory. The fifth larger wave lies at the 1.618 Fibonacci extension at $572.4, an 85,884% growth for ADA from the current market price.
Cardano to $527 Possibilities
Meanwhile, the analyst’s chart shows that Cardano could attain this price mark around 2034, which is just nine years away. The possibility of ADA rallying from $0.22 next year to $527 in two bull cycles has raised skepticism among enthusiasts.
Moreover, with a circulating supply of 35.84 billion ADA, Cardano would hit a market cap of $18.9 trillion. The ambitious valuation further hampers the chances of Cardano realizing this price target in less than a decade.