Amid increased volatility and unpredictability, a German trader predicts a parabolic rally for four famous crypto tokens, buzzing investors. Although the market has begun a recovery trail today after the collapse, altcoin dominance is still months away, per most analysts. However, the aforementioned prediction hints at the formation of the peak moment for some of these tokens. Let’s discuss these and why the trader call it the last chance to buy.
German Trader Predicts ADA and Other Crypto Tokens Price Rally
With the Bitcoin price rally, altcoins also splurged investors with gains in November-December 2024. However, after this, things slowed down, and the market faced downtrends and losses. However, according to this German trader, things will change really fast now.
During an interview, Oliver Michel, founder and CEO of Tokentus and popular crypto celebrity, discussed the upcoming bullish moments for HBAR, DOGE, XLM, and ADA. More importantly, he urged investors to pay attention to these four crypto tokens before concluding that these would rally pretty soon.
Michel’s analysis identified similar trends in these cryptos, with each achieving similar rallies in 2024 end, reaching 3x, 4x, 6x, and 7x with the Trump-driven crypto market rally. His analysis also focused on these four cryptos entering a consolidation ever since then, showing a sideways moment, making it the perfect buying opportunity for investors.
ADA Price To Hit $12 in 2025?
At present, Cardano’s price is at $0.9635 after a 7% surge in the last 24 hours. Despite that, it is still losing in the broader market. Analyzing its historical performance, ADA hit its prime in early 2021, creating an ATH of $3. However, since then, the asset has sharply declined before stabilizing in 2023 and 2024, increasing investors’ expectations for 2025.
With Oliver Michel’s ADA price prediction, investors await the bullish rally to $12. However, considering this crypto token’s overall performance, this target seems less likely. To reach this target, ADA needs a 12x increase, which is 4 times the rally it had in November, and that is only possible with an altcoin season, which is not due until a few months.
Even with that, the crypto trends, investor demand, and technical factors need to be combined to make this target achievable. Considering the prediction’s challenges, some call this target a FUD. However, some analysts believe in the long-term potential of the token, especially as the Cardano Foundation is focusing on the DeFi expansion and real-world adoption.
$ADA is forming an ascending channel.
Looking at other coins, if the previous high was the upper part of the channel, the next high is likely to be formed at the middle line of the upper zone.
The target price will vary depending on the time of reach, but it expected that to be… pic.twitter.com/chqQKmZSU6
— CW (@CW8900) January 9, 2025
Key Takeaway From This Post
The recent ADA price recovery sparked enthusiasm around this altcoin’s rally, especially as a German trader presented a bullish outlook for the same. During an interview session, Oliver Michel predicted a massive rally for four crypto tokens, i.e., ADA, HBAR, XLM, and DOGE. More importantly, he called it a must-buy opportunity before these cryptos explore new heights. With this prediction, fellow investors presented concerns over ADA’s growth and long-term target of $12 as to whether this can finally become a reality in 2025 or not.
The post Last Chance to Buy? German Trader Predict Parabolic Rally for 4 Crypto Tokens appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed