The price of Cardano is currently trading at around $0.34. It has been moving sideways since August, ranging between $0.3144 and $0.3972.
As Bitcoin's price continues to rise, many investors are wondering how it will affect the prices of other cryptocurrencies, such as Cardano (ADA). While there is no definitive answer, some experts believe that ADA's price could reach as high as $3 by 2025, if Bitcoin hits $100,000.
According to Google's Gemini AI, ADA's price could reach the following levels, depending on the market conditions:
Pessimistic Scenario: In a pessimistic outlook, ADA’s price could rise to around $0.50 to $0.75. At this price, 30,000 cardano would be worth between $15,000 and $22,500.
According to Gemini, a surge in Bitcoin to $100,000 might indicate a market peak, leading investors to rotate funds back into traditional assets. This scenario could also bring increased competition from other cryptocurrencies, affecting prices.
However, issues like government interference and stricter regulations could dampen user sentiment, potentially limiting bullish movement.
Realistic Scenario: A Bitcoin rally could drive greater crypto adoption, and Cardano is well-positioned for this due to its strong ecosystem development and technical advancements, which may trigger organic growth.
With ADA projected to be worth $1 to $1.5 at this level, 30,000 ADA tokens will be worth $30,000 to $45,000. Factors that could drive ADA’s price to $1.50 include growing institutional investment, an increase in large-scale investors, and the establishment of more professional investment infrastructures.
Optimistic Scenario: With continued technological growth, Cardano’s price could rise to as high as $3. That would be 90,000 for those who buy at this level. Expansion of its developer ecosystem and strong community support could further drive growth.
Increasing adoption in supply chain solutions, the growth of DeFi applications, and demand driven by practical utility are also expected to be key growth drivers. It is important to note that these projections are based on market trends and expert opinions, and the actual price movements may vary.