Cardano Weekly Price: ADA Eyes $1

Vignesh Karunanidhi
Cardano Looks Bullish As Bitcoin Halving Approaches, Can ADA Hit $1?
Source: Crypto News

Cardano, introduced in 2017, drew inspiration from the contributions of the Italian polymath Gerolamo Cardano. In August 2021, Charles Hoskinson, the founder of Cardano, revealed details about the Alonzo hard fork, which led to a significant 116% surge in ADA’s price the following month.

Similarly, the introduction of the Vasil hard fork was highly anticipated by the Cardano team. Despite encountering some challenges, the project was successful.

Also read: Solana Weekly Price Prediction: Can SOL Hit $120?

As of press time, ADA is trading at $0.6134. Recent data indicates a spike in ADA’s value by 1% over the past 24 hours. Considering the positive trend in the broader cryptocurrency market, let us see how high ADA can go this week.

ADA Weekly Price Prediction

Various factors, including market conditions, price action, developments, supply, and use cases, will influence whether ADA experiences a price change this week.

Drawing insights from ADA’s performance earlier in 2024, cryptocurrency experts at Changelly predict Cardano’s price during the week. They anticipate a potential price range with a minimum of $0.577 and a maximum of $0.636 within this timeframe. Additionally, experts expect ADA to trade at an average price range of $0.607 over the week.

Also read: Ripple (XRP) Faces Resistance at $0.60, But Analysts Expect 20% Surge

Cardano price

According to the latest CoinGecko data, Cardano is trading at $0.512, reflecting a 1% spike in value over the last 24 hours. Crypto YouTuber CryptoBusy tweeted that ADA could soon hit $1. The analyst pointed out that ADA’s market structure looks great. They also mentioned that Cardano should breach $0.6691 to confirm this uptrend.