The inception of Cardano drew inspiration from the contributions of the Italian polymath Gerolamo Cardano, and it entered the market in 2017. Charles Hoskinson, the mind behind Cardano, shared details about the Alonzo hard fork in August 2021, resulting in a 116% surge in ADA’s price the following month.
Similar to the Ethereum merge, the introduction of the Vasil hard fork was eagerly awaited by the team. Despite encountering some challenges, the hard fork proved to be successful.
Recently, Cardano reached a price level of $0.61 in January. However, current data indicates a drop of 0.4% in ADA’s value over the last 24 hours. Given the positive trend in the overall cryptocurrency market, we present our price prediction for Cardano this weekend.
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ADA Price Prediction for the Weekend
Various factors, including market conditions, price action, developments, supply, and use cases, will play a role in determining whether Cardano’s ADA experiences a price increase this weekend.
Drawing insights from ADA’s performance at the beginning of 2024, cryptocurrency experts at Changelly offer their prediction for Cardano’s price this weekend. They anticipate a minimum price of $0.560 and a maximum of $0.657 during this timeframe. Additionally, experts expect ADA to trade at an average price ranging between $0.586515 and $0.602288 over the weekend.
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Changelly’s data suggests that such an event is unlikely to occur this weekend or in January. According to their analysis, ADA is projected to reach $1 in August 2025.
According to the latest CoinMarketCap data, Cardano is currently trading at $0.5807, reflecting a 0.4% drop in value over the last 24 hours.