Cardano, introduced in 2017, drew inspiration from the contributions of the Italian polymath Gerolamo Cardano. In August 2021, Charles Hoskinson, the founder of Cardano, revealed details about the Alonzo hard fork, which led to a significant 116% surge in ADA’s price the following month.
Similarly, the introduction of the Vasil hard fork was highly anticipated by the Cardano team. Despite encountering some challenges, the project was successful.
As of press time, ADA is trading at $0.7495. Recent data indicates a spike in ADA’s value by 3% over the past 24 hours. ADA has surged from a 24-hour low of $0.7061 to a high of $0.7566 before falling to its current price.
Also read: VeChain Made Golden Cross Last Seen in 2022: Can VET Hit $0.1?
Can ADA hit $1?
Various factors, including market conditions, price action, developments, supply, and use cases, will influence whether ADA experiences a price change.
Drawing insights from ADA’s performance earlier in 2024, cryptocurrency experts at Changelly predict Cardano’s price. According to the experts, ADA is expected to hit $1 by April 2025.
Additionally, the analysts anticipate a potential price range with a minimum of $0.684 and a maximum of $0.817 in March. Additionally, experts expect ADA to trade at an average price range of $0.750 in March.
Also read: Forbes Predicts Ripple (XRP) Price If Bitcoin Reaches $150,000
CoinGecko data shows that ADA is up by almost 119% year-to-date. The coin has also increased by 45% in the last 30 days. However, ADA still has a long way to go before hitting its previous all-time high of $3.10, which it hit in September 2021.
The latest data shows that ADA boasts a market cap of $26.3 billion. Furthermore, according to CMC data, the 24-hour trading volume has also surged by 18% in the last 24 hours.
