Following Cardano’s (ADA) recent impressive market actions, it is not unusual that most analyses and predictions about the token are bullish.
In one of the latest estimations on what could be ADA’s future price trajectory, the machine learning algorithm at CoinCodex, a closely followed crypto assets tracking site, hinted at when ADA could achieve a new all-time high (ATH).
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Aside from evaluating when Cardano (ADA) might attain a new ATH, the machine learning algorithm also named a specific price target. This insight shall reveal a comprehensive detail of the estimations.
Cardano (ADA) Price Prediction
According to the machine learning algorithm, ADA seems trapped in a prolonged sales period below its ATH. Notedly, the ATH played out in September 2021, when the token reached $3.1.
The machine learning algorithm confirmed that ADA would achieve significant price levels above its current $0.61 selling price. Once ADA revisits its ATH, the next step will be the token achieving a new ATH in the range of $6.5.
Based on current standings, ADA’s potential achievement of a $6.5 price would imply an increment of 965% from its current price and 109.7% from its ATH.
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Timeline For Cardano (ADA) To Reach $6.5
According to the machine learning model, the Cardano (ADA) price trajectory appears bumpy with no sustainable increase pattern. The bull market in 2024 would see ADA achieve maximum and minimum prices of about $ 3.05 and $0.55, respectively.
In 2025, ADA would decline a little. Its maximum price will drop to $2.47, while its minimum price for the year will be $0.72. Years 2026 and 2027 would witness considerable sustained price declines. Maximum prices for these two years will be $0.83 and $0.89, respectively.
For 2028, ADA will break above the previous ATH to establish a new all-time peak price of $6.5. Notably, the minimum price for the year will be $0.74.
It is worth noting that the next Bitcoin halving event after the one coming in April 2024 is expected to happen in 2028. This might partly explain the projected massive price surge for that year.
Read Also: Cardano Dormant Addresses Move Record 43.71M ADA As Data Shows Massive Rise in Adoption
In 2029 and 2030, ADA would attain maximum prices of $5.08 and $1.39, respectively. Likewise, the minimum prices for the two years will be $1.12 and $0.67, respectively.
Meanwhile, contrary to the machine learning algorithm assertions, crypto expert Jason Appleton predicted that ADA would attain a tremendous $32 price high during the apex of the bull season in 2024.
Tyler Strejilevich, a YouTuber and crypto analyst, also made bold claims about ADA’s price trajectory. The crypto expert speculated that ADA could spike by about 6,000% to achieve a $33.55 price level.
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