Cardano's native token, ADA, has experienced a significant surge in value, with a 6% daily increase, 50% weekly, and nearly 60% in the past 14 days, bringing its value to around $0.60. Analysts, including Tyler Strejilevich, predict a bullish future for ADA, citing a recent bullish weekly cross that could lead to a massive price increase, similar to a 6,000% surge in the past.
On-chain metrics, like the $400 million total volume locked (TVL) on Cardano, indicate potential for further rally. Analysts like Lucid and Dan Gambardello set optimistic future price targets for ADA, predicting it could reach all-time highs of $14 and $11, respectively. Despite the cryptocurrency market correction in the last few days, ADA's uptrend is expected to continue, defying ongoing trends.