Many anticipated the cryptocurrency market to rally after Donald Trump’s inauguration on Jan. 20, 2025. Despite the high hopes, the market did not react much. Many assets instead faced a correction as Trump did not mention anything about the crypto industry in his speech. Cardano (ADA) followed the trend, facing a significant correction.

Also Read: Shiba Inu: Just $10 In SHIB Could Have Made You A Millionaire

ADA is down 9.5% in the daily charts and 11.3% in the 14-day charts. Despite the dip, the asset has maintained some gains in the other time frames. ADA is up 1.5% in the weekly charts, 9.1% over the previous month, and 89.3% since January 2024.

Cardano price chart
Source: CoinGecko

Cardano Predicted To Rally 169% To $2.61

Cardano ADA Coin On Table
Source: NewsBTC

According to CoinCodex, ADA will enter another bullish phase in early February 2025. The platform anticipates the asset to reclaim the $1 mark on Feb. 3, 2025. CoinCodex predicts the asset will hit $2.61 on April 15, 2025. Hitting $2.61 from current price levels will entail a rally of about 169%. ADA has not traded above $2 since November 2021, more than three years ago.

Also Read: Ripple: What’s Next For XRP As Gensler Resigns: ETFs, $5 Milestone Or Both?

ADA price prediction
Source: CoinCodex

Changelly presents a bearish outlook for Cardano (ADA). The platform anticipates the asset will dip over the next few months. According to Changelly, ADA could hit an average price of $1.46 in April 2025. Reaching $1.46 from current price levels will translate to a rally of about 50.52%. Although Changelly’s prediction is higher than current prices, it is still short of the $2 mark.

price prediction
Source: Changelly

Also Read: Trump Directs Agencies for Emergency Steps To Reduce Cost of Living

The cryptocurrency market may face another correction over the next few weeks. The Federal Reserve’s hawkish monetary policy could present a significant barrier to ADA and other assets.

  • Cardano