Cardano has been under strict user scrutiny throughout the current bull season. The token’s lethargic crypto pace and slow price action have been a bone of contention among its community members. While some project ADA to break into a bullish stance, capitalizing on post-halving jitters and price ascents, others remain bearish on ADA, setting out neutral predictions.
Considering the current price pace of Cardano, ADA projects the potential to break into a stellar bullish stance post-its Chang Hard Fork deployment. The development may drive volume towards Cardano Blockchain and the token to start afresh, and it may give it a needed push to break its bearish market pace.
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Cardano Price Forecast for May
With the Chang Hard Fork deployment news running amuck, the price of Cardano is undergoing rife anticipation on X. Prominent ADA analyst Dan Gambardello is bullish on Cardano, suggesting that the token may catapult to new highs post-fork deployment, possibly breaching the $1 mark.
According to Coincodex, Cardano is yet to establish a robust market pace and is predicted to encounter further price decay. Per CC, ADA may drop to $0.44 before picking up its pace post-May 6, 2024.
“The Cardano price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. ADA will be changing hands at $0.442327 on May 5, 2024, losing -5.76% in the process.
CoinCodex predicts Cardano will stabilize its price momentum after May 7, which may ultimately help the token gain some stable momentum. Similarly, the token is predicted to hit $0.49 by May 27, trading at $0.49 in the process.
“The price of Cardano is predicted to rise by 4.59% and reach $0.490922 by May 28, 2024.“
ADA $1 Dream
The crypto market is known for its ferocious market momentum and fluctuations. The volatile pace is capable of turning the fortunes of a coin upside down in a short period. The upcoming Chang Hard Fork deployment could be a game changer for ADA, pushing its price to a new level.
Also Read: How High Can Cardano ADA Peak Post The Bitcoin Halving Event?
Accordingly, Per CC, Cardano may hit $1 by the end of 2024, surging by nearly 319% in the process. ADA may trade at a $1.9 price threshold by 2024 and may hit a $2.4 price cap by 2025.
“Additionally, Cardano may trade within a range of $ 0.431583 and $ 1.910137. If it reaches the upper price target, ADA could increase by 318.88% and reach $1.910137.”