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29 May 2024
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Ethereum

Cardano Weekend Price Prediction: How High Can ADA Surge?

Cardano, a cryptocurrency platform, was launched in 2017 and named after the Italian mathematician Gerolamo Cardano. In August 2021, Cardano’s founder, Charles Hoskinson, announced details about the Alonzo hard fork, which resulted in a 116% increase in the price of ADA, Cardano’s native token, in the following month.

The Cardano team also anticipated the implementation of the Vasil hard fork. Although the project faced some obstacles, it was ultimately successful.

Also read: Cryptocurrency: Top 3 Coins To Buy Before Bitcoin Reclaims $73,000

As of the latest update, ADA is trading at $0.4651, reflecting a 1% drop in value over the past 24 hours. Given the current market conditions, let us find out the potential price movement of ADA over the upcoming weekend.

How high can Cardano go this weekend?

Cardano (ADA): Why It Deserves Institutional and Traditional Finance Attention
Source: Crypto News

Based on ADA’s performance earlier in 2024 and current market conditions, price action, developments, supply, and use cases, cryptocurrency experts at Changelly estimate that ADA could trade between a minimum of $0.410 and a maximum of $0.430 during the weekend. The experts also anticipate an average trading price of $0.425 for ADA over the weekend.

According to CoinGecko, ADA is currently trading at $0.465, a 1.0% drop in the last 24 hours. Changelly analysts predict that ADA could reach $1 by May 2025, although this could occur earlier if market conditions become more favorable.

CoinGecko data also reveals that ADA has increased by approximately 15.7% over the past year and is down by 12.8% in the last 30 days. However, ADA still has a considerable way to go before reaching its all-time high of $3.10, which it achieved in September 2021. Currently, ADA has a market capitalization of $15.2 billion.

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