Cardano (ADA) became one of the most promising crypto prospects after its stellar run in 2021, which saw it surge to attain an all-time high (ATH) of about $3.1, rewarding holders massively.
Unfortunately, like most other crypto assets, ADA has struggled to reclaim its glory days. The highest price it attained throughout 2023 was $0.67, which played in December.
Consequently, the coin has built momentum in 2024 to attain prices that many crypto enthusiasts never imagined would happen so soon.
Read Also: Top Exchange Predicts When Cardano (ADA) Will Surpass $3.5, $10, $100 and $400
According to Cardano (ADA) price data on CoinGecko, the digital asset is changing hands at approximately $0.72, mirroring a 4.3% downtrend in the past 24 hours.
Going further, the price statistics platform also revealed that ADA saw an increment of about 123.9% in its Year-To-Date (YTD) price outlook. This explains how far the protocol has expanded within a year and also shows a glimpse of a bull market orchestrated by Bitcoin (BTC).
With the Bitcoin halving event gearing up to play out 41 days from now, according to CoinMarketCap, we expect the bull season to kick off properly after the halving event. Hence, it should not be strange that speculations about ADA revisiting its ATH seem to emerge more than ever before.
Despite the hype about the halving event and how it could catalyze crypto assets in terms of price, Changelly, an exchange and price prediction platform, thinks otherwise.
According to analysts at Changelly, Cardano (ADA) will conclude March and April at a maximum price of $0.82. However, subsequent months will record gradual declines, culminating in Cardano concluding 2024 with a $0.46 maximum selling price.
When then does Changelly expect ADA’s ATH revisitation? Scrolling through the price predictions, we deduced that Cardano might not reclaim $3.1 until around mid-2027, about three years from now.
Furthermore, we uncovered that it projects 2029 as the potential year for ADA to double its ATH. How events unfold remains to be seen. However, readers should understand that most price projections should not be taken as absolute, as the crypto space is highly unpredictable in terms of price predictions.
Read Also: Changelly Experts Share Timelines for Cardano (ADA) to Hit $1.16, $2.35, $4.70, and $7.16
According to one of our most recent publications, renowned crypto analyst Ali Martinez cited historical records to project ADA’s surge to the $10 level.
Sharing a price chart to drive his assertion, Martinez noted that he anticipated the predicted $10 to happen around December 2024. However, Martinez pointed out that the price target will not take place without navigating some corrections.
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