Cardano (ADA) has been struggling to gain momentum, currently trading around $0.4. The prospect of reclaiming the $0.5 mark seems to be fading away. Despite this, there is still optimism surrounding Cardano’s potential.
Well-known entities in the cryptocurrency world, such as Telegaon, Coincodex, and Changelly, have suggested timelines for Cardano to reach new heights and increase by over 650% to $3.25. Telegaon predicts that ADA could reach a maximum value of $3.14 next year, with an average price of $2.55 by 2025. They also believe that ADA’s value will stabilize at $3.54 by 2026.
Cardano had reached a peak of $3.10 in the previous cycle, which is 86% higher than its current value. Unfortunately, long-term Cardano holders may miss out on the current bull season, according to Telegaon. Similarly, Changelly predicts that ADA will only reach the $3 mark by late 2028. Coincodex suggests that Cardano may reach a yearly high of $3.25 by 2030, with a yearly low of $0.669950. This implies a potential surge of 385% for ADA in that year.
However, considering Cardano’s current price at $0.4338, it would need to experience a 649% surge to reach $3.25. These predictions are more conservative compared to the expectations of independent market analysts. Analysts anticipate a bullish future for Cardano, with predictions ranging from $7 to $13 between now and 2025. Javon Marks suggests that ADA could reach targets of $5.29 and $7.82, while Ben Armstrong and Dan Gambardello propose even higher targets of $11 for this season.
It is important to note that this article is for informational purposes only and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions.