Exciting Predictions for Cardano as ADA Surges 17% to Hit Three-Year High

Market experts are highlighting exciting predictions for the future of Cardano while the price of cryptocurrency ADA has surged more than 17% today, reaching a three-year high. Cardano has been on a bullish rally since Donald Trump’s election as US president. Over the past 30 days, ADA has seen gains of 257%.

Cardano price today 03/12/2024 is showing a notable rise that took the asset above the $1,30 price zone, marking ADA's highest level since January 2022. In 24 hours, the asset went from $1,13 to peak at $1,31 this morning, but it failed to sustain the level and retraced to the current zone.

Cardano’s bullish rally has prompted experts to speculate on the cryptocurrency’s upcoming price developments. Renowned cryptocurrency analyst Ali Martinez highlighted the token’s price surge above the $1,25 zone, invalidating an earlier prediction he made of a 20% correction in ADA’s price.

On December 2, Martinez highlighted : “Cardano $ADA could be headed for a 20% correction. A close below $1,10 signals a trend change, while a drop below $1,03 confirms a bearish breakout to $0,88.” Updating his analysis, he stated: “Invalidated! $ADA heads to $1,50 next.”

Another expert emphasized that Cardano could reach an impressive $6 during this cycle. AllInCrypto analyst observed the ADA token’s price action during the 2017 and 2021 bull runs and based his epic prediction. “Our $6,00 Cardano $ADA price prediction may surprise you. From what we can see, Cardano may just be mirroring its performance from previous cycles,” he wrote.

At the time of publication, Cardano’s price is trading at $1,19, up 5.4% in the last 24 hours. In its weekly development, the asset has gained 31.3% in seven days.