Cardano (ADA) is one of the most developmentally active cryptocurrency projects in the market. The asset seems to follow the market-wide rebound, rallying 3.8% in the daily charts, 8.6% in the weekly charts, 9.6% in the 14-day charts, and over 40% since August 2023. Despite the rally, ADA is still down by 13.9% over the previous month.
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ADA’s Performance and Challenges
While ADA is an extremely popular cryptocurrency with a robust network, the currency has faced significant headwinds over the last few years. ADA is currently down by more than 88% from its all-time high of $3.09, which it attained in September 2021, about three years ago.
When Will ADA Reclaim Its All-time High Again?
Current Price Struggles
Cardano (ADA) has not touched the $1 level since April 2022, over two years ago. The asset has struggled to gain momentum since the 2021 bull run.
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Future Predictions for ADA
According to the analysts at Finder, ADA could hit a new all-time high of $3.15 in January 2030, about five-and-a-half years from now. The platform anticipates ADA to trade at an average price of $1.57 in 2025.
Changelly’s Forecast
Changelly researchers also paint a similar picture for Cardano (ADA). The platform predicts ADA to hit a new all-time high of $3.19 in February 2030. The platform does not expect ADA to breach the $1 mark till at least January 2027.
Telegaon’s Bullish Outlook
Telegaon analysts are more bullish on ADA. The platform predicts ADA to reach a new all-time high of $3.13 in 2026. The platform also anticipates ADA to breach the $1 mark in 2024 itself.
Also Read: Cardano (ADA) Forecasted To Reach $3: Here’s When
ADA could surpass the $1 level this year, given we enter a bullish market. Investor sentiment needs to be high, and the Federal Reserve may need to cut interest rates to boost risky investments.