Cardano ADA News: Analyst Predicts $2 Price Target Sooner Than Expected Despite Recent Volatility

Here’s Why Cardano (ADA) Will Reach $2 Sooner Than Expected

The cryptocurrency industry has been experiencing a downturn. Cardano (ADA) followed a similar trend, recording a massive surge in the past few months but dropping by over 6% in the last month. March has been particularly volatile for ADA, trading between $1.13 and $0.67. Over the past 24 hours, Cardano saw a downfall of 2.52% and was trading at $0.7115 at the time of writing. An analyst has instilled hope back into the ADA market.

Cardano Holders Refuse to Sell—Here’s What This Means for ADA Prices

Despite the price consolidation, on-chain data reveals a strengthening bullish bias that could pave the way for an upward breakout. Amid ADA’s sideways price movements over the past week, investors have increased their holding times by 77% during the review period, signaling a preference for hodling rather than short-term selling. This trend suggests growing confidence in the asset’s long-term potential.

Here’s What it Will Take for Cardano (ADA) to Surge to $2: Analyst

ADA has been struggling recently but a renowned analyst believes it could skyrocket to $2 under certain conditions. The Cardano ecosystem and its native token have seen a substantial uptick in social sentiment lately, which could propel the aforementioned ADA rise. Cardano’s native token was once the biggest gainer in the cryptocurrency industry after IOG founder Charles Hoskinson announced his involvement in setting up a digital asset regulatory framework in 2025, working alongside the Trump administration. This statement, as well as other notable developments, pushed the asset toward multi-year peaks of over $1.3 in early December. However, ADA failed to maintain its run and even plunged toward $0.5.

Cardano Founder Charles Hoskinson Responds to Scam Accusations

In an emotionally charged livestream, Cardano founder Charles Hoskinson addressed accusations of academic misconduct and broader claims that the project is a scam. He provided a detailed defense of Cardano’s scientific foundation, progress over the last decade, and his personal contributions to the blockchain industry. The controversy started around Hoskinson’s co-authorship of an academic paper, which critics have accused him of improperly buying authorship. Hoskinson described the allegations as ‘unhinged’ and rooted in personal vendettas.