Top 3 Cardano Price Forecasts Revealed Following Bitcoin’s Halving

After the successful completion of the Bitcoin halving event, we present three significant predictions for the price of Cardano during this bull cycle.
Bitcoin recently underwent its highly anticipated fourth halving, resulting in a decrease in miners’ rewards from 6.25 to 3.125 BTC per block.
Interestingly, major cryptocurrencies, including Cardano (ADA), experienced volatility leading up to the halving, causing a slight dip in the overall market. ADA, for instance, saw a 2.7% decrease in value over the past seven days, reaching $0.4963.
While the Bitcoin halving historically sets the stage for a bull run, it does not immediately impact cryptocurrency prices. However, investors remain optimistic that crypto assets will see significant gains in the months following the event, based on past post-halving performances.
During the previous Bitcoin halving in May 2020, ADA was trading around $0.05. Surprisingly, the cryptocurrency witnessed a remarkable rally of 6,100%, reaching an all-time high of $3.10 on September 2, 2021.
Here are the top three predictions for Cardano’s price after the Bitcoin halving:
Prediction 1: Cardano to Reach $30
Considering ADA’s previous 6,100% surge during the last bull cycle, experts at Crypto Basic project that ADA’s price could potentially reach $27 in the current market cycle. At the time of the prediction, ADA was trading at $0.44.
With ADA currently trading at $0.49, if it experiences a similar surge of 6,100% in the months following the Bitcoin halving, its price could skyrocket to an astonishing $30.38.
Prediction 2: ADA to Reach $7.5 by 2025
Renowned crypto influencer Jake Gagain recently made a conservative prediction for Cardano, suggesting that it could surge to $7.5 by 2025, marking the end of the current market cycle.
Gagain believes that ADA would need to rally by 1,411% from its current price in order to reach the $7.5 mark by 2025.
Prediction 3: ADA to Reach $6.66 to $7.77
Chris, co-founder of Cardano Ghost Fund, outlined two bullish scenarios that could drive ADA’s price to a range of $6.66 to $7.77 during this bull cycle.
According to Chris, if Cardano regains its peak dominance of 4% from the previous cycle and the global crypto market cap surges to $6 trillion or $7 trillion, ADA’s price will experience significant growth.
Based on Chris’ model, if Cardano maintains its circulating supply of 36 billion tokens and captures 4% dominance in a global crypto market valued at $6 trillion, its valuation could be around $240 billion, resulting in a price of $6.66. Alternatively, a market cap of $280 billion would push its price to $7.7.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.