The proof-of-stake blockchain network Cardano (ADA) has seen monumental growth in recent weeks. Its native token has reached new heights with a 4.3% surge in the last 24 hours. Propelled by significant market cap and price increases, ADA now ranks as a top 10 global cryptocurrency.
After gaining $2 billion in market capitalization in the last two days, Cardano’s overall market cap now exceeds $16.4 billion. This latest rise cements Cardano as the 8th most valuable blockchain network in the world. Over the past week, Cardano’s native ADA token has climbed nearly 23% in price.
Also read: Cardano Boosts Market Cap by $1B; When Will ADA Reach $0.75?
With the price exhibiting a positive surge, the next question arises: how high can ADA go? Let us take a look at a specific price point and see when ADA will hit $2.
When will Cardano ADA reach $2?
Cryptocurrency experts at Changelly have predicted the price of ADA. According to the analysts, ADA is on its way to hitting the $2 mark. However, the prediction seems to indicate that the price point still has a long way to go.
According to the experts, Cardano is forecast to touch $2 in June 2027. ADA will hover around a minimum price of $1.62 and reach a high of $2.02 in June 2027.
Also read: How Much XRP Do You Need to Become a Millionaire if Price Hits $1?
However, this prediction depends on numerous market conditions including the market conditions and developments. The cryptocurrency market is very volatile at the moment. The prices of altcoins are displaying major volatility, as most of them have been surging in the last few days.