Cardano Permabull Predicts ADA Rocketing to $3—Here’s Why
Cardano’s biggest cheerleader just dropped a bullish bomb—and traders are scrambling for seats.
### The $3 Thesis: More Than Hopium?
ADA’s permabull cites surging staking yields, institutional DeFi adoption, and a flurry of smart contract deployments as jet fuel for the rally. Never mind that 80% of crypto ‘fundamentals’ evaporate under a microscope—this time feels different (they always do).
### Catalysts or Catnip?
Charles Hoskinson’s pet project now clears 1M daily transactions, while competitors choke on gas fees. Meanwhile, VCs quietly accumulate ADA like it’s 2021 all over again—because nothing teaches caution like losing money slowly.
### The Fine Print
Yes, $3 would smash ADA’s ATH. No, this isn’t financial advice—just the sound of another crypto narrative being test-driven before the inevitable ‘macro headwinds’ excuse rolls in.
Cardanos price actionCardano's price action
The chart also shows ADA trading above the 50 MA and 200 MA, signaling improving momentum at this timeframe. Gambardello said he was watching for the trendline break and stated, “We did,” referring to the move above $0.532
He also noted that the current setup mirrors the 2020-2021 bulk cycle when cardano traded below $0.154 in December 2020 before reaching an all-time high of $3.09 in September 2021.
Cardano's Risk model echoes 2020, is $3 Underway?
Gambardello highlighted ADA’s current risk score of 44, the same as in December 2020. Then, the score climbed from the 40s to the 70s as prices advanced. He stressed the difference in starting points: $0.14 in 2020 versus $0.92 now, suggesting that this current price represents a starting point for Cardano's bullish cycle.
Gambardello framed ADA as “at the very beginning of some type of move,” while acknowledging uncertainty, saying he could be wrong and that the downside is always considered.
He projected that ADA’s current structure could support a move through the $1 level, with potential to extend toward $3 and beyond. With ADA now trading above $1, Gambardello’s prediction may be underway. A move from this current price to $3 will see Cardano surging by 197%.
Notably, the analyst, in December 2024, predicted Cardano could hit $3 by January 10, 2025, or more cautiously by January 24, citing historical Q4-to-Q1 rally patterns from 2020–2021. While this failed to materialize, his recent forecast aligns with other analysts’ predictions.
Interestingly, analyst Deezy expects ADA to reach $3, noting that Cardano has formed a “golden cross,” a bullish technical signal that occurs when the 50-day MA crosses above the 200-day MA. He noted that the last time this pattern appeared, ADA’s price surged 230%.
