Crypto Market Experts Predict When Cardano (ADA) Price Will Cross $7
10 Dezember 2023 - 2:29PM
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Cardano (ADA) has had one of the best price gains this year, up by
137% from its price point of $0.2464 at the beginning of the year.
Various predictions have come in on ADA’s future price trajectory
as investors begin to wonder if the altcoin can continue to lead
market gains. Changelly’s long-term forecasts indicate that the
value of ADA may continue to rise steadily, finally surpassing its
all-time high in the years to come and reaching over $7 by the end
of the decade. Related Reading: Cardano Rises $56% To Dominate
Weekend’s Top 10 Roster – Details Cardano Price Predictions From
Top Crypto Analysts Cardano has had 17 green days in the past 30
days. At the time of writing, the altcoin is trading at $0.5845,
down 81.19% from its all-time high of $3.09 in September 2021.
However, crypto exchange Changelly’s prediction indicates this is
poised to change soon, with technical indicators now indicating an
82% bullish market sentiment. According to the prediction, the
bullish sentiment could as well push ADA to $0.628404 by the end of
the year. The bullish outlook of the crypto exchange extends well
beyond the scope of the current year’s forecast, approaching a slow
but steady prediction basis. Changelly predicted that ADA could
break the $1 mark again by December 2025, and break above its
current all-time high of $3.09 by October 2028. Assuming the trend
of price appreciation continues, ADA might end the decade around
the $7 price point. This represents a staggering 1100% increase
from its current price. If this happens, this would mean Cardano’s
total market cap would grow well over $300 billion. Additionally,
Changelly projects ADA reaching an average price of $13.23 by
December 2032. ADA market cap currently at $20.826 billion on the
daily chart: TradingView.com How Feasible Is This Price Point? $7
may look like a lofty price point for ADA in this decade, but
several factors point to this happening, especially if development
and adoption continue at the current pace of the last quarter in
2023. CoinMarketCap’s Fear and Greed Index now points to an extreme
greed of 80, indicating that the entire market is set for a strong
bullish run in 2024. Related Reading: Ethereum Price Soars To
Over $2,300 – Is $3,000 Next? According to a crypto analyst,
Cardano (ADA) is on the verge of a bullish weekly cross for the
first time since June 2020. The last time this happened, the crypto
went on a 6000% run over the next 66 weeks. A repeat would see
Cardano (ADA) reach $35 from its current price. #ADA is about to
get a bullish weekly cross for the first time since JUNE 2020 The
last time this happened it pumped 6,000% over the next 66
weeks#cardano pic.twitter.com/xQvvbf3b1O — Tyler Strejilevich
(@TylerSCrypto) December 9, 2023 On the other hand, crypto analyst
Ali Martinez warns of a potential short-term pullback before the
restart of an uptrend. Watch out! ⚠️ Sell signals have
emerged on both the 3-day and 1-day $ADA charts, suggesting a
potential correction of one to four candlesticks. This may just be
a short-term pullback before #Cardano resumes its uptrend!
pic.twitter.com/t1e1aQLotw — Ali (@ali_charts) December 9, 2023
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