ADA May Surge to $12 ATH if Dogecoin Hits $1, Market Expert Speculates

A famous crypto expert speculates that Cardano (ADA) could surge to an all-time high (ATH) of around $12 over the next few months if Dogecoin rises to $1.

A famous crypto expert has speculated that Cardano (ADA) could surge to an all-time high (ATH) of around $12 over the next few months if Dogecoin rises to $1.

The expert shared his price projection in a recent post on X, where he shared his price targets for several crypto assets, including ADA and DOGE.

According to the commentator, ADA could hit $10-12 if DOGE clinches the $1 target, which is expected to be achieved within the next 6-12 months.

At the time of writing, ADA trades at $0.9884 per token, while DOGE is valued at $0.3436.

If the expert's prediction comes true, ADA will need to surge around 911%-1,114% from its current price to hit the $10-12 targets.

At $10, ADA will have a market cap of $351.51 billion, while the $12 target will take Cardano's valuation to $421.81 billion.

To illustrate the significance of this surge, a portfolio of 1,000 ADA, which costs about $988.4 today, will be valued at $10,000 if the price hits $10 and $12,000 if it reaches $12.

However, the analyst did not provide potential factors that could drive the price of Cardano and Dogecoin to these targets.

Several market analysts have also expressed optimistic prospects about Cardano in the ongoing bull market.

For instance, renowned market observer Lark Davis recently projected that ADA soared to the $10 territory this year.

Similarly, Dan Gambardello, the founder of Crypto Capital Venture, shared a comparable sentiment regarding ADA reaching $10 this cycle.

These analysts expect the market to be in a sharp, bullish phase over the next few months. Their optimism lies in widespread retail and institutional adoption, as well as regulatory clarity from U.S. lawmakers.

Meanwhile, prominent market chartist Ali Martinez recently emphasized that ‘ADA is breaking out of a bull pennant.’ According to him, this breakout could potentially take ADA to $3, representing a surge of 203% from the current value.

For context, a bull pennant usually forms on an asset's chart after a brief period of consolidation following a sharp upward price movement. Upon breakout, the asset usually continues in the direction of the previous trend.