Cardano (ADA) is one of the most popular cryptocurrencies in the market. However, the recent market correction did not spare the asset. ADA is currently down by 4.7% in the daily charts, nearly 5% in the 14-day charts, and 16% over the previous month. However, the token is still up 6.8% in the weekly charts and 34.4% since January 2023.
Also Read: Cardano: Google Bard AI Predicts ADA Price After Bitcoin Halving
ADA reached its all-time high of $3.09 on Sept. 2, 2021. The token’s price has fallen by over 83% since its 2021 highs.
When will Cardano (ADA) reclaim its all-time high?
According to the popular AI (Artificial Intelligence) chatbot ChatGPT, ADA could retest its 2021 peak within 6 to 12 months. However, the chatbot highlighted some factors that could influence the asset’s price. Firstly, market conditions could hamper ADA’s growth. The chatbot also points to investor sentiment and technological developments as factors that could influence ADA’s price movements.
Google’s Bard AI, on the other hand, says Cardano (ADA) may retest its all-time high sometime in 2025.
Also Read: Cardano Price Predictions: When Could ADA Reach $3, $7.03, and $10.40?
According to Changelly, ADA may reach its 2021 peak in February 2028, almost four years from now. As for 2024, the platform anticipates a maximum price of $0.58, which the asset may attain in April.
Telegaon paints a more bullish picture for Cardano (ADA). According to the platform, ADA may reclaim its all-time high sometime in 2025. However, the platform does not clarify in which month ADA could reach its target. As for 2024, Telegaon anticipates ADA to hit a maximum price of $2.15. Once again, the platform does not delve into the month.
Nonetheless, it is also possible that ADA could reach its all-time high much sooner, given that we enter a bull market later this year. Many analysts anticipate the crypto market to rally, fuelled by Bitcoin’s (BTC) halving event in April.