Opinion: Analyst predicts Cardano’s ADA could surge again, with a target price of $7.80

As reported by CryptoPotato, analysts predict that Cardano’s ADA, which is currently priced at around $0.46, could replicate its 2021 rally, with an optimistic target set at $7.80. More bullish predictions suggest that the asset could reach around $1.70 in the short term and could climb to a “parabolic” apex of $10, showing strong confidence in its growth potential.

Analyst JAVON MARKS has noticed ADA’s recent progress and believes that ADA’s current state could be mimicking what happened in 2021. At that time, the asset’s value pulled back sharply before soaring to an all-time high of nearly $3. The analyst predicts that this situation could repeat itself on a larger scale in the near future, setting a target of $7.80, or a staggering 1,500% growth. Another crypto analyst who is confident in the prospects of Cardano’s token is Trend River. He claims that the bears have done their best to push the price down, but will eventually “get tired,” which could lead to a bull run.