Cardano Price Prediction: Potential Surge to $3 by January

According to U.Today, Dan Gambardello, founder of Crypto Capital Venture, has expressed optimism about Cardano (ADA) reaching new price levels soon. In a recent post on X, Gambardello suggested that ADA could hit $2 based on "cycle data." He believes that Cardano's price increase to $2 will happen sooner than the market expects, driven by technical analysis, historical price cycles, and other macroeconomic factors. Gambardello predicts that ADA could realistically reach $3 by January 10, 2025, although he has adjusted his timeline to January 24 to account for potential market delays. Gambardello's analysis indicates that ADA might achieve new price levels within the second week of January 2025. The last time ADA reached the $3 mark was in August 2021 during a bull run. His conservative timeline adjustment allows for possible delays in market reactions or slower-than-expected momentum for Cardano. Gambardello's post suggests that ADA could hit a possible all-time high in the current bull cycle, relying on historical trends and positive sentiment in the broader crypto market. While Gambardello's predictions might encourage investors to consider ADA, experts caution that his bullish outlook remains speculative. They note that various factors could hinder Cardano's rally to new levels. Despite this, ADA has experienced a significant increase in Open Interest amid its bullish year-to-date performance. The rising Open Interest figures indicate that traders are increasing their purchases, which could support ADA in reaching the peak levels predicted by Gambardello. As of the latest update, ADA was trading at $1.03, down by 8.22% in the last 24 hours, after rising to $1.15 earlier in the trading session.