Cardano’s native cryptocurrency ADA is currently trading around the $0.44 mark on Wednesday. ADA has performed slightly better this quarter as its price is up nearly 12% in 30 days. It remains on the greener side of the spectrum this month after being on a downhill during the first half of 2024.
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However, Cardano’s ADA is finding it hard to jump above the $0.50 mark this year despite repeated attempts. Now that ADA’s 2024 performance remains lackluster, will it shed its baggage and begin to rally in the coming years? A leading price prediction portal has painted a bullish picture for ADA and provided a timeline on when it could hit the $10 mark.
In this article, we will highlight a tentative timeline for which year could Cardano’s ADA reach $10. The forecast is a long wait and only investors with diamond hands could be able to make it that long.
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Cardano: Timeline For ADA To Hit $10
CoinCodex, a machine-learning artificial intelligence (AI) firm has forecasted that Cardano’s ADA could reach $10 in March 2021. That’s another 17 years from today and is considered a long-term investment. Not everyone can wait for 17 years and the majority of them could pull out their holdings in a year or two.
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“Cardano would need to gain 2,124.27% to reach $10. According to our Cardano prediction algorithm, Cardano will hit $10 in March 2041,” read the forecast.
That’s an uptick and a return on investment (ROI) of approximately 2,100% from its current price of $0.44. Therefore, an investment of $10,000 could turn into $220,000 if the forecast turns out to be accurate in 2041.
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Also, there is no guarantee that Cardano’s ADA could hit $10 in 2041. The cryptocurrency market is volatile and could also deliver massive losses that cannot be easily digested. It is advised to do thorough research before taking an entry position in ADA.