Cardano is awaiting its impending bullish price hike, which may catapult the coin to new highs. The ongoing bullish market wave has yet to show its potential to ADA, which showed modest signs of upticks after Bitcoin’s $70k price rally.
At press time, the token is down 1% and trading at $0.49, triggering slight panic among investors. The ADA community hopes for the coin to match the current bullish phase and eventually break into a stellar bull run.
Also Read: GameStop Soars 60%: How High Can GME Peak In The Near Future?
What Do The Statistics Say?
Source – NewsBTC
The data secured from Changelly and CoinCodex predicts Cardano to pick up its pace eventually, although it’ll be a slow momentum for ADA to project. Per Changelly, ADA can climb by another 1% to trade at a price level of $0.50.
“Cryptocurrency experts are ready to announce their forecast for the ADA price in June 2024. The minimum trading cost might be $0.466, while the maximum might reach $0.501 during this month. On average, it is expected that the value of Cardano might be around $0.484.”
CoinCodex, another notable crypto platform, projects a similar sentiment, denoting a hike of 4% for the token in June.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 4.81% and reach $0.515615 by June 21, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 76 (extreme greed). Cardano recorded 12/30 (40%) green days with 4.37% price volatility over the last 30 days.”
Cardano’s Rise to $2.22: When Will It Truly Surge?
Cardano’s past glory and hike to $3 are still cherished memories that the investors hold dear. Per Changelly, it may take Cardano an additional three years to claim the $2.22 spot if it fails to leverage the current market momentum. At the same time, the prospects of ADA reaching the $2 price threshold are still open, as market volatility and unpredictability can always help a coin surge to new, unprecedented highs.
Also Read: Cardano: ADA Retests Before Breaking Out, Can It Hit $0.50 Mark Soon?
“The experts in the field of cryptocurrency have analyzed the prices of Cardano and their fluctuations during the previous years. It is assumed that in 2027, the minimum ADA price might drop to $1.88, while its maximum can reach $2.22. On average, the trading cost will be around $1.93.” Changelly shared
According to CoinCodex, Cardano can achieve its $2 price target by the year 2025.
“The Cardano price prediction for 2025 is currently between $0.453297 on the lower end and $2.55 on the high end. Cardano could gain 418.51% by 2025 compared to today’s price if ADA reaches the upper price target.”