Cardano’s growth since December 2023 has brought many new eyes to the digital asset. Although it has faced recent declines, ADA, at the current price of $0.5837, is up 26.37% over the past 30 days and up 48.70% over the past year.
Cardano (ADA) investors are now looking for a timeline for it to breach its all-time high of $3.1 and reach double and potentially triple digits.
A notable platform to look toward for predictions is Changelly, a popular crypto exchange platform. Changelly’s analysis foresees a continuous upward trajectory for Cardano, with ADA crossing its all-time high in 2028 with a potential average trading price of $3.75. Changelly also predicts a minimum price of $3.62 and a maximum of $4.52, both above ADA’s all-time high.
Read Also: Projected Timelines for Cardano (ADA) To Hit $1, $5, $20, and $200
Changelly believes ADA will sustain this growth, reaching an average price of $11.17 by 2031. This would represent a notable entry into the double-digit club.
Attaining this level will also solidify ADA’s position as a major player in the cryptocurrency landscape. Changelly set a minimum price of $10.77 and a maximum price of $13.09 for the same year.
Changelly’s bullish outlook extends even further, predicting that the digital asset could enter triple-digit territory by February 2040 with a maximum price of $100.57. However, March 2040 will be ADA’s month, as Changelly predicts a minimum trading price of $111.14, an average price of $117.86, and a maximum price of $137.63.
2040 could also be a huge year for Cardano, as the exchange set the potential maximum trading price for the year at $471.18.
Other Predictions for Cardano (ADA)
While Changelly paints an optimistic picture, Gemini, Google’s AI tool, highlighted some challenges that could plague Cardano (ADA) along the way.
Although Gemini believes that the digital asset can reach triple-digit territory, it argued that achieving a price tag of $100, which would translate to a staggering $3.5 trillion market capitalization for ADA, might be beyond reach in the foreseeable future, urging for a prudent approach when interpreting such predictions. ChatGPT, on the other hand, predicted that ADA would reach triple-digit territory before 2050.
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Read Also: Changelly Experts Share Timelines for Cardano (ADA) to Hit $1.16, $2.35, $4.70, and $7.16
Despite the challenges, Cardano remains a top player in the crypto space, as the Cardano blockchain boasts smart contract capabilities, enabling the development of decentralized applications (dApps) across different sectors.
Furthermore, the Cardano development team, Input Output Global (IOG), has a well-established reputation for its research and development efforts. Charles Hoskinson, Cardano’s creator, is also bullish on the cryptocurrency, and we could see some big moves soon.
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