According to trader Javon Marks, Cardano (ADA) could be on the brink of a significant surge, potentially increasing by 15 times its current price. Marks notes that ADA has shown impressive progress after breaking through a key resistance trend, with a 222% increase towards its first target of $2.7709. Despite a recent pullback, Marks believes this could signal ADA strengthening for further growth.
If the breakout holds, Marks predicts a 462% upside for ADA, reaching the target of $2.7709. However, the trader suggests that ADA could potentially go even higher, hitting $7.80, representing a remarkable 1,500% increase from its current price.
In terms of recent price performance, ADA is currently trading at $0.433, with a 3.4% decrease in the last 24 hours and a 7.5% decline over the past 30 days. Despite a 3.7% drop in the last week, Cardano has seen a modest 17.7% spike in the last year.
While short-term fluctuations may cause concern for some investors, the overall trend and growth potential for Cardano, as highlighted by Javon Marks, suggest a promising future. Factors such as consistent development progress and notable upgrades contribute to Cardano’s potential for significant price appreciation.
Although Marks’ prediction of a potential 15x increase for ADA is exciting, it is important for investors to approach such forecasts with caution.