Cardano’s native token ADA is rallying in the charts and is up close to 50% in the last 30 days. The leading altcoin delivered handsome profits to investors who took an entry position early this year in January. ADA attracted heavy bullish sentiments after Bitcoin climbed above the $68,000 mark this month in March 2024.
The broader cryptocurrency market experienced a large inflow of trading volume close to $4 billion in 24 hours. The development pushed Cardano’s ADA to reach a yearly high of $0.77 this week.
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The cryptocurrency market, along with Cardano’s ADA is rallying after the SEC approved the Bitcoin ETF early this year in mid-January. Read here to know how high Bitcoin could trade in the charts before the halving in April 2024.
Now that Cardano’s cryptocurrency ADA is heading north, will the leading altcoin climb above the $1 level? In this article, we will highlight a price prediction on how high ADA could trade in the next 12 months or more.
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Cardano (ADA) Might Reach $1.57, Predicts Finder Experts
The Finder’s panel of cryptocurrency experts predict that Cardano’s ADA has the potential to climb above the $1 mark. According to Finders, ADA could reach a high of $1.57 next year sometime in 2025. That’s an uptick and return on investment (ROI) of approximately 120% from its current price of $0.71.
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Therefore, an investment of $10,000 made today could turn into $22,000 if the Finders price prediction turns accurate. Finders laid strong emphasis on the Cardano network that helps to run smart contracts while summing up the price prediction.
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“Cardano (ADA)is likely to gain some of Ethereum’s market share in the next bull run as ETH gas prices rise and users look for cheaper alternatives. The bull market will push up the price of ADA, but probably not by a factor of 10x,” said Ruadhan, the founder of Seasonal Tokens.
