Cardano, introduced in 2017, was inspired by 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 Cardano team highly anticipated the introduction of the Vasil hard fork. Despite encountering some challenges, the project was successful.
As of press time, ADA is trading at $0.727. Recent data indicates a drop in ADA’s value by 5.6% over the past 24 hours. ADA has dropped from a 24-hour high of $0.7791 to a low of $0.6381 before rising to its current price.
With Bitcoin hitting new all-time highs yesterday, let us find out whether Cardano can hit its all-time high of $3.10.
Also Read: Cryptocurrency: Top 3 Cheap Coins To Buy For Massive Gains In March.
When will ADA hit an all-time high?
Various factors, including market conditions, price action, developments, supply, and use cases, will influence whether ADA experiences a price change to hit its all-time high.
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 $3.10 by July 2027.
Also read: Can Dogwifhat (WIF) Hit $5 in March 2024?
Additionally, the analysts anticipate a potential price range with a minimum of $0.619 and a maximum of $0.741 in March. Additionally, experts expect ADA to trade at an average price range of $0.680 in March.
CoinGecko data shows that ADA is up by almost 118% 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 $25.5 billion.
