At a time when cryptocurrency markets continue to fluctuate, an ambitious price prediction for Cardano (ADA) has drawn attention to this project again. Quantum Ascend, one of the well-known crypto analysts, argues that Cardano could reach the $10 level in the long term, based on technical indicators and upcoming network updates. Considering current prices, this scenario indicates an upside potential of over 2,000 percent for ADA. According to the analyst, this expectation is based not only on chart formations but also on the structural transformations expected to occur in the Cardano ecosystem.
What Do Technical Indicators and Historical Similarities Say?
Elliott Wave Theory has an important place in the analysis of Quantum Ascend. According to the analyst, Cardano has gone through critical stages within the long-standing ascending channel and is currently in the region defined as “phase D”. If this phase is completed, the price is expected to enter the “E phase”, which corresponds to the upper band of the channel. This may open the door to a strong upward movement.
The analyst also points out that ADA’s price behavior in the 2018–2020 period is very similar to its current structure. At that time, there was a sharp recovery after a long-term horizontal and suppressed course. It is suggested that if a similar cycle repeats, Cardano could enter a gradual but strong rally. However, patience stands out as a critical element for this scenario to occur; because the previous boom cycle took years to complete.
New Developments Strengthening Midnight, Leios and the Ecosystem
Midnight mainnet is one of the most important elements that support positive expectations for Cardano. This privacy-focused side ecosystem has already reached a market value of over $1.3 billion with the NIGHT token. Once Midnight becomes fully operational, it could bring new uses and developer interest to the Cardano network.
Another critical development is the Leios scaling update. This upgrade aims to significantly increase Cardano’s transaction capacity and make it faster than many layer-1 blockchains. Additionally, Bitcoin DeFi integration, the addition of Tier-1 stablecoins, and infrastructure solutions such as Pyth Oracle can make the network more attractive for corporate and individual users.
On the other hand, general trends in the industry may also affect Cardano’s fate. For example, the recent revival of spot ETF expectations in the Ethereum ecosystem and increasing institutional interest in the Solana network show that investors are turning to projects with strong infrastructure. If this trend continues, Cardano may also gain a share of this interest to the extent that it successfully implements its technical developments.
