Cardano Price Predictions
The machine learning algorithm at CoinCodex has made a prediction about when the Cardano price will reach a new all-time high. Although the coin has been performing well recently, it is still far away from its current all-time high of $3.1. However, the algorithm has revealed when it expects the price to cross this level again.
Cardano Price Will Hit $6.5
According to the CoinCodex algorithm, it may take several years for the Cardano price to surpass its 2021 all-time high. In fact, it is expected to perform below this level for the next few years before revisiting it around five years from now. The algorithm predicts that in the coming years, the price will increase by 200% from its current value, but breaking above $3.1 will remain difficult.
In 2024, which is expected to be the start of another crypto bull market, ADA is projected to reach a maximum price of $2.98, just shy of its previous all-time high. In 2025 and 2026, its performance is predicted to be even lower with max prices of $2.42 and $0.8 respectively.
However, in 2028, there is expected to be a significant change as the ADA price reaches a brand-new all-time high of $6.52 according to the algorithm. The following year, 2029, is estimated to have a minimum value of $1.1 and a max value of $4.99. In 2030, the predicted range is a minimum of $0.65 and a maximum of $1.36.
Hot Take: Varied Predictions
Crypto Crow expects the Cardano price to reach $32 in the next bull market, which is anticipated to occur between 2024 and 2025. Meanwhile, analyst Dan Gambardello predicts a price of $11 based on the historical performance of Cardano in past bull markets. Gambardello believes that if ADA continues to follow its historical trend, the altcoin’s market cap will reach $400 billion by 2025.
By
By
By
