Many industry insiders believe that the recent rally may just be the beginning of a massive upswing in Cardano tokens. Veteran trader Peter Brandt believes that the altcoin season is upon us and ADA is in for a huge bull market.
User X Ssebi also addressed this issue, saying that the token price touched the 20-day moving average (MA) and bounced back.
I think we will see #ADA explode in the next few days, the liquidity from TRUMP has to go somewhere, they opined.
Other market observers who have recently made price predictions include Dan Gambardello and Altcoin Daily. The former believes that ADA has "one of the most bullish weekly patterns in cryptocurrencies" and predicts that the price could explode to $7. Altcoin Daily predicts that the valuation could reach $6.45 by 2025.
Trump's inauguration as president is considered good news for the entire crypto community due to his positive attitude towards the industry that has been evident in the past few months. ADA #Cardano is one of the #digital assets that could grow significantly after Trump's return to the White House, as Hoskinson announced last November.
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