Cardano ADA to $1? ADA Rides 10% Wave

Cardano (ADA) is one of the most promising cryptocurrencies on the market today. The asset has rallied 69% in the past year, and in the past week alone is up nearly 10%. Analysts are riding on expectations that the ADA coin will continue this climb and eventually reach $1, although the timeline remains a mixed projection.

**Cardano (ADA)**Cardano’s recent climb is fueled by a wave of liquidations, with $2.98 million in short positions being wiped out, from a total 24-h liquidation of $3.40 million. Additionally, the entire crypto market is riding the Bitcoin wave, as the king coin has reached a new ATH of $113,000 on Thursday. Furthermore, ADA has seen strong backing from institutional investors. With Donald Trump including ADA in its crypto reserve, chances are that the token may continue to pick up pace.

If this buying momentum persists, Cardano may soon test its immediate resistance level near $0.70. Several crypto analysts are even speculating that it could retest the $1 mark by the end of July, although that would be a very bullish move. A spark that could cause this, according to Flitpay, could be the approval of select spot ADA ETFs by the SEC. “We might also witness the launch of Cardano (ADA) ETFs this year because the US SEC acknowledged various applications, including Grayscale’s Spot Cardano ETF and Canary ADA Spot ETF, in February 2025,” the analysts say. “Once approved, this ETF will track the ADA price daily based on data from various cryptocurrency exchanges.”

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Also Read: These 2 Cryptocurrency Coins Will Explode When Retail Hits: AnalystAnalysts at CoinCodex have given their own forecast for ADA over the next two months, accounting for the rebounding market and other bullish factors. The analysts write, “According to our current Cardano price prediction, the price of Cardano is predicted to rise by 25.73% and reach $ 0.788964 by August 8, 2025. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 71 (Greed).” The CoinCodex forecast doesn’t see ADA reaching the $1 mark again until 2026, with the asset seeing $0.97 as a 2025 resistance level.

Beyond this year, a new and revised price target for Cardano’s ADA indicates a 550% surge in price with a target of $3.85. The Finder’s panel of financial experts predicts that ADA could reach a high of $3.85 five years down the line. The forecast indicates that Cardano could rise by 550% by 2030 and deliver major profits to investors by the end of the decade. If Cardano ADA reaches $3.85 in 2030, it would breach its all-time high of $3.09, which it reached in September 2021.