Cardano (ADA), the seventh largest cryptocurrency is projected to cross $1 again and potentially hit double-digits, but only in a longer time frame.
Like most altcoins, the price of Cardano has underperformed since the start of 2024. From its yearly opening of around $0.6, ADA has dropped to $0.48 at the time of writing. The decline means the altcoin has lost roughly 20% of its value in the past month.
Nonetheless, the short-term price action does not reflect Cardano’s potential, according to a forecast by the popular trading platform Changelly.
The forecast cites the project’s strong community and technical developments as reasons to expect higher prices in the coming years.
The Crypto Basic also queried Google’s AI chatbot Bard on Changelly’s prediction. The results suggest that Cardano could soar to unprecedented levels.
Possible Timeline for Cardano to Hit $3.51, $7.03, and $10.40
Many analysts predict that the widely expected crypto bull market over the next 24 months will send Bitcoin (BTC) into the six-figure price range. Changelly anticipates a similar outcome for Cardano, albeit with the bull run sending ADA back above $1 towards the end of 2025, precisely in November.
However, higher price levels, such as $3.51, would take significantly longer, at least another full crypto market cycle. The forecasts expect ADA to reach that price range between January and February 2029, or less than four years after the coin crosses $1.
