Top 3 Cardano Price Predictions After Bitcoin Halving

With Bitcoin halving having successfully taken place, we have compiled three important Cardano price predictions that are headed for a bull cycle.
Bitcoin completed its much-anticipated fourth halving earlier today, with miner rewards per block dropping from 6.25 BTC to 3.125 BTC.
Notably, the event was preceded by a large amount of price volatility for major cryptocurrencies including Cardano (ADA), which resulted in a slight drop across the market. For example, ADA has fallen by 2.7% in the past seven days to $0.4963.
While Bitcoin’s halving has historically paved the way for bull runs, it does not immediately impact the cryptocurrency’s price. However, investors are confident that crypto assets will see significant growth in the coming months. This view is based on historical post-halving performance.
In particular, ADA was priced at around $0.05 during the Bitcoin halving in May 2020. Interestingly, the crypto asset experienced a gain of 61,00% to reach an all-time high of $3.10 on September 2, 2021.
Cardano Price Prediction After the First Three Halvings
Based on Cardano’s significant price growth after the last halving, top experts predict that the world’s tenth-largest cryptocurrency will experience exponential growth again in the months following Bitcoin’s halving.
Therefore, we have highlighted the top three predictions for Cardano price after Bitcoin halving.
Cardano to $30
As mentioned earlier, ADA gained 61,00% in the last bull cycle. This exponential growth pushed the price of Cardano from a paltry $0.05 to $3.10. Crypto Basic predicts that if ADA records a similar 6100% gain in the current market cycle, its price could increase to $27. At the time of this prediction, ADA was trading at $0.44.
If the same 6100% increase in ADA’s price is repeated a few months after the Bitcoin halving, ADA trading at $0.49 could surge to a staggering $30.38.
ADA to $7.5
Last month, well-known cryptocurrency influencer Jake Gagain made a conservative prediction for Cardano, speculating that its price could surge to $7.5 by 2025. According to Gagain, 2025 will mark the end of the current market cycle.
He noted that for ADA to reach the $7.5 prediction, it would have to rise by 14,11% from its current price.
Analysts believe that ADA price will reach $6.66-7.77
Chris, the co-founder of Cardano Ghost Fund, proposed two bullish scenarios that could push ADA to $6.66 to $7.77 in this bull cycle.
He noted that if Cardano recaptures the peak share of 4% recorded in the last cycle, the global cryptocurrency market capitalization will surge to around $6-7 trillion, and the price of ADA will rise significantly.
According to Chris’ model, if Cardano maintains its circulating supply of 36 billion tokens and has a 4% share of a global cryptocurrency market cap of $6 trillion or $7 trillion, its valuation could reach $240 billion and $280 billion, respectively.
According to Chris’ model, a $240 billion valuation would mean ADA would trade at $6.66, while a $280 billion market cap would put its price at $7.7.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.