Cardano is another promising crypto coin, a token that has yet to encounter a bullish price pace. Despite establishing robust partnerships across the board, ADA is yet to embrace the bullish onset of the market, which seems to be pulling the crypto down to new lows. However, several crypto analysts are of the view that the token has the potential to sail past critical price barriers and even hit the $10 mark once ADA embraces its widely anticipated Chang Hard Fork.
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Cardano to $10?
Cardano (ADA) has long been showing a sluggish price pace. The token has long been hovering at prices ranging from $0.30 to $0.45. The Cardano ecosystem is anticipating the Chang Hard Fork upgrade, dubbed a bullish indicator, which may stimulate ADA to new price highs.
The Chang Hard Fork upgrade will bring in governance functionalities for users, ushering in new elements to tinker with. With Chang Fork integration, Cardano will adopt a new style deemed to be more people-oriented. This development is set to help ADA encounter new community activity, possibly injecting extra funds and attention into the ecosystem.
Several analysts have also opined that the Chang Hard fork can prove to be a game changer for the token. Many believe that the token can embrace a new price pace once the fork is deployed to work at full capacity.
Another notable crypto analyst, Sebastian, referred to as Sssebi on X, shared how BTC price elevation to $150K can help ADA hit a possible price mark of $15.
July Forecast
Amid all the mayhem and frenzy that the Chang Hard Fork is ushering in, the price for ADA in July is still projecting a low price threshold. According to CoinCodex, ADA may spike and hit the $0.47 mark by the end of July.
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“The price of Cardano may rise by 7.57% and reach $0.423387 by July 31, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 53 (neutral). Cardano recorded 13/30 (43%) green days with 7.18% price volatility over the last 30 days.”
At the same time, the platform shares how ADA can hit the $10 mark by the year 2049.
“The highest expected price our algorithm estimates is $9.71 by January 1, 2049.”