Analysts are predicting that Cardano (ADA), now worth around $0.46, could repeat its 2021 gains, with an optimistic target of $7.80. 💹🚀

Trader JAVON MARKS believes that the current state of ADA could mirror 2021, when the asset's value first fell significantly and then soared to record highs of almost $3. He predicts that the scenario could repeat itself in the near future, setting a target of $7.80, which represents a 1,500% increase.

Such a price explosion would require the ADA market capitalization to reach an astonishing $260 billion. The market capitalization is currently around $16 billion, making the forecast very optimistic.

Another Trend River crypto analyst argues that the bears have done everything they can to push the price down, but will eventually "get tired", which could lead to a bull market.

Analyst Ali Martinez suggested that ADA's price is "exactly where it should be," anticipating a rise to $1.70. Earlier this year, he argued that ADA appears poised to repeat its previous bullish cycle, which could lead to a “parabolic” peak at $10.