💥💥💥 #cardano : How High Can $ADA Trade This May?
Cardano has come under intense scrutiny from its user base during the current bull season due to its sluggish pace and lackluster price action. While some foresee ADA making a bullish breakthrough, leveraging post-halving sentiment and price surges, others hold a more neutral outlook.
Expectations are high for Cardano's price to undergo a notable bullish shift following the Chang Hard Fork deployment. This event is seen as a catalyst for increased volume on the Cardano #Blockchain , potentially rejuvenating the token and reversing its current bearish trajectory.
Cardano Price Forecast for May
- With the buzz surrounding the Chang Hard Fork deployment, Cardano's price is the subject of widespread anticipation. Notably, prominent ADA analyst Dan Gambardello holds a bullish view on Cardano, suggesting that the token could soar to new highs post-fork deployment, possibly surpassing the $1 mark. However, according to Coincodex, Cardano has yet to establish a robust market pace and is forecasted to experience further price fluctuations. Per CC, ADA might dip to $0.44 before rebounding after May 6, 2024.
- CoinCodex forecasts Cardano's price to stabilize post-May 7, potentially reaching $0.49 by May 27. By May 28, 2024, Cardano is expected to rise by 4.59% to hit $0.490922.
ADA's $1 Aspiration
- The #cryptocurrency market is renowned for its volatile nature, capable of swiftly altering a coin's fortunes. The upcoming Chang Hard Fork deployment has the potential to be a game-changer for ADA, propelling its price to new heights.
- According to projections from CC, Cardano could reach $1 by the end of 2024, representing a surge of nearly 319%.
Furthermore, ADA may trade at a price threshold of $1.9 by 2024 and could potentially reach a $2.4 price cap by 2025.
- "Additionally, Cardano may trade within a range of $0.431583 and $1.910137. If it reaches the upper price target, ADA could increase by 318.88% and reach $1.910137."
Source - Watcher Guru
