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2 Factors That Could Take Cardano to $7, Analyst Says ADA Will Flip Dogecoin and USDC
2 Factors That Could Take Cardano to $7, Analyst Says ADA Will Flip Dogecoin and USDC
February 17, 2025
Cardano ADA
Popular crypto analyst Tim Warren expresses bullish optimism about Cardano (ADA) price and market standing.
In a recent analysis, Warren issued a bold forecast for Cardano, emphasizing that the coin is capable of flipping assets like Dogecoin (DOGE) and USD Coin (USDC) and potentially competing for the sixth or seventh position.
Currently, Cardano ranks as the ninth biggest cryptocurrency, with a market value of $28 billion. In comparison, USDC and DOGE stand as the seventh and eighth largest cryptocurrencies, with market caps of $56.47 billion and $38.57 billion, respectively.
This indicates that ADA must soar by 40% and 110% from its valuation to overtake DOGE and USDC, respectively, assuming both tokens do not experience any significant growth.
2 Factors That Could Drive ADA Price to $7
Furthermore, Warren highlighted two major events that could drive ADA’s price to loftier targets like $7. According to him, ADA would experience a major surge during a strong bull market.
Also, he noted that ADA’s price could soar if the U.S. government adopts the Cardano blockchain for tracking spending.
For context, with Elon Musk disclosing plans to adopt blockchain technology to foster the operations of the DOGE federal agency, many believe Cardano could be a potential choice for this initiative.
Interestingly, Warren argued that if the U.S. government eventually adopts Cardano for this purpose, ADA could clinch a market cap of $250 billion. According to him, this translates to a unit price of $7, given its circulating supply of 35.9 billion tokens.
Achieving a price target of $7 requires ADA to soar 776.53% from its current level of $0.7986.
Warren’s projection comes days after Cardano founder Charles Hoskinson forecasted that ADA will emerge as one of the cycle’s biggest gainers.
Expert Sees ADA Hitting $10 This Year
Meanwhile, ADA has demonstrated strong resilience over the past few weeks after plunging to a 3-month low of $0.63 on February 3.
Interestingly, it rebounded to above $0.81 before experiencing a slight correction to $0.7986. At press time, ADA is up 2.48% in the past 24 hours and 13.85% in the past seven days.
Following its recent surge, pseudonymous crypto commentator “SlumDOGE Millionaire” expressed conviction that Cardano could hit $10 by year’s end. For context, this would represent a 1,152% surge from the current price.
Won’t be surprised if $ADA hits at the very least $10 dollars a coin in 2025.
Bookmark this tweet.
— SlumDOGE Millionaire (@ProTheDoge) February 17, 2025
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