Cardano: When Will ADA Reach $5?

Vinod Dsouza
cardano ada
Source: Pixabay

Cardano’s native cryptocurrency ADA is trading around the $0.45 mark on Monday. The leading altcoin is mostly moving sideways with little to no price spurts in the charts.

It last reached its all-time high of $3.09 in September 2021 and shed most of its gains thereafter. The million-dollar question now is- when will Cardano’s ADA breach its ATH’ and reach a new all-time high? In this article, we will highlight a tentative timeline on when ADA could breach the $5 mark next.

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When Will Cardano (ADA) Hit The $5 Milestone?

Cardano ADA
Source – R7

Leading on-chain metrics and price prediction firm CoinCodex has painted a bullish picture for Cardano’s ADA. According to the price forecast, ADA could reach a maximum high of $ 2.41 next year in 2025. That’s an uptick and return on investment (ROI) of approximately 450% from its current price.

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The metrics firm has also estimated that Cardano’s native token ADA could climb above the $5 mark in 2029. That’s another five years from today and is considered a long-term wait. In addition, the prediction estimates that Cardano’s ADA could hit a new all-time high of $ 5.21 sometime in 2029.

cardano ada $5
Source: CoinCodex

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The forecast states that ADA could dip in price and hover around the $ 3.51 mark in 2030. If the prediction turns out accurate, the return on investment (ROI) would be approximately 1,070% from the current price. Therefore, an investment of $10,000 made today in Cardano could turn into $117,000 if the forecast becomes accurate in 2030.

Nonetheless, the cryptocurrency market is highly volatile and cuts both ways delivering severe losses to investors. There is no guarantee that ADA could reach $5.21 in 2030 or $2.41 in 2025. It is advised to do thorough research before taking an entry position in Cardano’s native token and trade at your own risk.