Cardano’s price has surged by 8%, surpassing the $1.0 mark, with ADA‘s weekly increase exceeding 16%. Technical analyses suggest that ADA could experience a significant rise, potentially reaching $4 in the coming weeks, marking a 300% increase.
ADA’s Potential to Reach $4
Amid a broad market recovery, Cardano 
$1 is outperforming many other cryptocurrencies. Crypto analyst Ali Martinez compares the current price movements of ADA to the market cycle between November 2020 and August 2021, indicating that ADA may undergo a similar bullish trend.
Crypto analyst Ali Martinez stated, “I believe ADA can rise to $4 in the coming weeks.”
Market Analysts’ Opinions
After Donald Trump’s victory, the cryptocurrency market witnessed a tripling in value within a month, generating excitement in the altcoin sector. Market analysts argue that by 2025, the total market capitalization of altcoins could reach $7 trillion, making a 300% rise for ADA unsurprising in that context.
Charles Hoskinson, the founder of Cardano, shared optimistic views about ADA for 2025. Hoskinson emphasizes that the integration of the Bitcoin 
$96,441 OS network could potentially bring billions to the Cardano ecosystem.
Charles Hoskinson remarked, “My primary goal is to increase Cardano’s decentralization and remove any barriers.”
Hoskinson reiterated his commitment to enhancing Cardano’s blockchain decentralization while questioning the Cardano Foundation’s control over decision-making processes. These developments might positively impact Cardano’s price in the long run.
Currently, ADA is priced at $1.01, reflecting an 8.07% increase, with a market value of $35.63 billion. Daily trading volume rose by 5% to $1.26 billion, increasing the likelihood of sustained future growth.
According to Coinglass data, ADA’s open interest has increased by 7%, reaching $781 million. With the price rise, liquidations over the past 24 hours climbed to $2.38 million, with short position liquidations accounting for $1.56 million.
The recent strong price movements of Cardano and positive analyst forecasts may capture the attention of traders. Monitoring market dynamics and technical indicators is crucial for evaluating potential opportunities. Keeping a close eye on Cardano’s technology and integration plans can provide better insights into future price movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
