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.
![](https://watcher.guru/news/wp-content/uploads/2024/02/Screenshot-2024-02-26-at-2.30.46-PM-1024x892.jpg)
![](https://watcher.guru/news/wp-content/uploads/2024/02/Screenshot-2024-02-26-at-2.30.46-PM-1024x892.jpg)
Also Read: Terra and Cardano Ecosystems Face the Highest Rate of Project Failures: Report
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?
![cardano ada](https://watcher.guru/news/wp-content/uploads/2023/12/Is-Cardano-Ready-for-a-Correction-Here-are-the-Next-Targets-for-the-ADA-Price-1024x536.jpg)
![cardano ada](https://watcher.guru/news/wp-content/uploads/2023/12/Is-Cardano-Ready-for-a-Correction-Here-are-the-Next-Targets-for-the-ADA-Price-1024x536.jpg)
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.