Cardano Primed for 61% Surge to $1.24—Time to Load Up Before Liftoff?
Crypto's sleeping giant stirs—analysts flag ADA for a potential 61% breakout as bullish momentum builds. The $1.24 price target now glows on traders' radar like a blockchain beacon.
Why the sudden optimism? Cardano's recent network upgrades and swelling DeFi activity suggest this isn't just another speculative pump. The 'Ethereum killer' narrative gets fresh ammunition.
But let's not pop champagne yet—remember when Wall Street 'experts' predicted Bitcoin would hit $100K in 2022? The market loves humbling overeager forecasts. Still, with altcoin season heating up, ADA's risk-reward ratio might just justify dipping into those stablecoin reserves.
Source: CoinGecko
Cardano Predicted To Rally 61%
According to CoinCodex ADA analysts, cardano may experience a breakout rally over the coming weeks. The platform anticipates ADA to trade at $1.24 on Oct. 29, 2025. Hitting $1.24 from current price levels will entail a rally of about 61%.
There is also a possibility that ADA will not rally as predicted by CoinCodex. The current market slump is likely due to investors waiting for the Consumer Price Index (CPI) data due later today. Some experts have predicted that inflation figures will rise in July. Higher inflation figures could lead to Federal Reserve to hike interest rates.
Despite the possibility of higher CPI figures, there is a chance that the Federal Reserve will cut interest rates in September. Several experts, including the CME FedWatch tool, point to a 25-basis-point interest rate cut next month. A rate cut could lead to increased risks among market participants. Cardano (ADA) and the larger crypto market could experience a rally under such circumstances.
However, there is still a chance that the crypto market will not rally even after an interest rate cut. The global economy is still quite fragile amid trade turmoil. Trade wars and slow economic growth could present challenges to Cardano’s (ADA) price. Investors may become weary of putting their funds into risky assets, such as cryptocurrencies.
