Cardano (ADA) is gaining traction recently as the crypto market is surging. Dan Gambardello, the founder of CryptoCapitalVenture, has shared his insights on the potential trajectory of ADA, forecasting a target price of $0.8 in the near future.
In a recent tweet, Gambardello outlined a series of stepping stones for Cardano’s growth, stating, “.80 ADA inbound. Half of $1.60, half of $3.20, half of $6.40 and half of $12.80. Stepping stones.” This prediction suggests that ADA could potentially reach significant milestones as it continues to gain traction in the market.
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Cardano Weekend Price Predictions and Market Performance
Drawing from Cardano’s performance earlier in 2024, cryptocurrency experts at Changelly have provided their predictions for ADA’s price during the upcoming weekend. They anticipate a potential price range with a minimum of $0.690 and a maximum of $0.746 within this timeframe. Furthermore, experts expect ADA to trade at an average price of $0.730 over the weekend.
According to the latest data from CoinGecko, Cardano is currently trading at $7878, reflecting a 2.2% increase in value over the last 24 hours. This positive trend aligns with the predictions made by Changelly analysts, who believe that ADA could potentially hit the $1 mark by April 2025. However, they also note that this milestone could be reached sooner if market conditions remain favorable.
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CoinGecko data reveals that Cardano has experienced significant growth throughout the year, with ADA up by almost 130% over the year. Additionally, the coin has seen a 41% increase in value over the last 30 days, demonstrating strong momentum and investor confidence.
Despite these impressive gains, ADA still has a considerable way to go before reaching its previous all-time high of $3.10, which it achieved in September 2021.