Cardano (ADA) has faced a significant correction over the last week. ADA’s price has dropped by 1.1% in the daily charts and 7.3% in the weekly charts. However, the asset is still up 8.7% in the 14-day charts and 21.8% over the previous month. Moreover, ADA’s price has increased by 61% since February 2023.
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Nonetheless, ADA’s lackluster performance over the last week may end with a stellar rally later this year.
Cardano (ADA) to hit $10 in 2024?
According to the jailbreak answer from the popular Artificial Intelligence (AI) chatbot ChatGPT, ADA’s price could surge to $10 by the end of 2024. An increase in innovative initiatives and widespread adoption would be some factors that could push ADA’s price. Reaching $10 from current levels would translate to a growth of over 1620%.
Changelly, on the other hand, is not so bullish on Cardano (ADA) for 2024. The platform anticipates ADA to hit a maximum price of $0.649 this year, which it could attain in March. However, by the end of the year, Changelly predicts ADA’s price to drop to $0.415.
Telegaon is more bullish on Cardano (ADA) than Changelly, but not as much as ChatGPT’s prediction. The platform anticipates ADA to hit a maximum price of $2.15 in 2024. However, the platform does not clarify when Cardano ADA could attain this level. Reaching $2.15 from current levels would translate to a growth of over 270%.
A bull run is expected for the crypto market later this year, fuelled by Bitcoin’s (BTC) halving in April and the possibility of a spot Ethereum (ETH) ETF (Exchange Traded Fund) approval by the SEC (Securities and Exchange Commission). If we enter a 2021-like bull market, ADA could reach $10. However, $10 may seem like a farfetched goal for the project.