Cardano’s native cryptocurrency ADA is currently hovering around $0.45 on Tuesday. The leading altcoin is mostly trading sideways this financial quarter with little to no price outbursts. The cryptocurrency is testing the patience of investors as its price has dipped more than 82% since its all-time high of $3.09. It hit the ATH in September 2021 and even after two and half years, it is struggling to climb above the $1 mark.
Also Read: Shiba Inu: SHIB Price Prediction For 2030
This puts Cardano’s ADA in a unique spot where it commands a large market cap with no price spurt. Its market cap has touched $16 billion but its price movement in the charts is only heading backward.
Will Cardano’s ADA shed its baggage and begin to rally in the charts? In this article, we will highlight a tentative timeline for when ADA could reach the $4 mark next.
Also Read: Currency: Indian Rupee Crushes The U.S. Dollar Today
When Will Cardano (ADA) Reach the $4 Price Target?
Leading on-chain metrics and price prediction firm CoinCodex has painted a rosy picture for Cardano’s native cryptocurrency ADA. According to the price prediction, ADA could reach a maximum high of $ 2.41 next year in 2025. Therefore, the forecast estimates that ADA could soar after climbing above $1 in the next 18 months.
Also Read: VeChain: Should You Buy VET in June 2024?
Coming back to the important question of $4, the forecast suggests that Cardano’s ADA could breach the $4 mark sometime between 2028 and 2029. The prediction indicates that ADA could reach a high of $5.21 in 2029 but dip in price to $3.51. by the end of the decade in 2030.
However, there is no guarantee that Cardano’s ADA could hit $4 sometime in 2029. The cryptocurrency market is known for its volatility and cuts both ways delivering losses to investors. It is advised to do thorough research before taking an entry position into ADA and trade at your own risk.