Cardano Price Prediction: Experts Share Views on ADA’s Future
As the cryptocurrency market continues its bullish trend, with assets like Bitcoin (BTC) leading the way, Cardano (ADA) is also showing signs of growth. Finance experts have shared their predictions for Cardano’s price by the end of this year, taking into account its recent performance and other factors.
Cardano Price Prediction
Multiple finance analysts have expressed optimism about Cardano’s future price. Some notable predictions include:
- Elliott Lee: $0.95
- Finder’s panelists: $0.945
- Ben Armstrong (BitBoy Crypto): $11
Elliott Lee: $0.95
Elliott Lee, a British crypto journalist and analyst, predicts that Cardano could reach a price between $0.45 and $1.55 by the end of 2024, with an average price of $0.95. In a blog post published on March 11, Lee highlighted the upcoming developments in the Cardano ecosystem, including the launch of on-chain governance and treasury, as well as the release of Partner Chains, Mithril protocol, and Hydra state channels scaling solution in 2024.
Finder’s Panelists: $0.945
A panel of 29 industry specialists at Finder has predicted that Cardano could reach $1.57 by the end of 2025. Based on their previous projections for the end of 2023, this places their 2024 prediction around $0.945.
Ben Armstrong (BitBoy Crypto): $11
Ben Armstrong, also known as BitBoy Crypto, has shared his own Cardano price prediction. He believes that Cardano could range from $1.75 to $18 by the end of 2024, with a realistic expectation of $11. Armstrong expects steady growth in the Cardano ecosystem, comparing it to the previous run in 2021 where the price climbed from under 5 cents to nearly $3.
Cardano Price Analysis
Currently, Cardano is trading at around $0.67905, showing a 0.85% gain on its daily chart. Despite a weekly loss of 8.22%, Cardano has seen an overall increase of 15.40% in the last month (as of March 18).
Considering these factors, Cardano has the potential to reach the projected prices set by the experts mentioned above. The development team’s continued efforts and positive chart patterns could drive ADA’s price up by as much as 150% in the short term.
Hot Take: Cardano’s Future Looks Promising
With bullish market trends and positive predictions from finance experts, Cardano appears to have a promising future ahead. As long as the development team continues to enhance the network and favorable market conditions persist, ADA has the potential for significant growth.
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