Cardano (ADA) is currently riding a 14% gain in the past seven days, allowing the cryptocurrency to surpass the $0.70 price level for the first time since May 2022. According to cryptocurrency exchange Changelly, Cardano is poised to continue this price growth and surpass $1 and $10 and $100 in the coming years and decades.
Chengli expects massive growth in Cardano prices
Cardano is one of the largest cryptocurrencies by market cap with a value of over $23.5 billion. Although ADA has since regained some of its gains from earlier in the week and is now trading below $0.77, it ended February with a 35% gain amid… Wider flow of funds In the crypto market. Current fundamentals have led experts to predict… Prices continue to rise in March.
according to Chingle According to the prediction, ADA will continue this price growth to make a steady breakout above $0.70 and end the month at a maximum of $0.751. Notably, analysts at the stock exchange also looked at future price points for ADA, predicting very bullish prices.
In its prediction, the exchange indicated that ADA will exceed $10 in 2030. With the cryptocurrency now trading at $0.66, this would mean a growth of 1,400% from the current price level. Looking ahead, Chengli expects this price growth to continue into the next decade, allowing ADA to exceed $165 by 2040 and end the year at $600.
How feasible is this bullish forecast?
Cardano has had its fair share of ups and downs Down In the past few years. Recently, the blockchain network saw a 90% jump in Create new wallet addressesWhich indicates increased network activity and interest in the network. However, the blockchain has also been hit with negative feedback, with multiple reports suggesting that Cardano network activity has been stolen. Nothing but slander. In particular, a recent report describes ADA as a dead currency.
Despite this, some holders and experts remain optimistic. For ADA to go beyond $10 and $100 per coin, mainstream adoption must occur. Like the cryptocurrency industry, which is Led by BitcoinAs it becomes more widespread, Cardano is poised to benefit from more adoption.
While a price of $165 per ADA seems overly optimistic now, if Cardano can achieve its ambitious goals, gain mainstream attention and adoption, and attract institutional investment from traditional investors, this target price may not be so unrealistic at all. Meanwhile, this is not impossible, as ADA has generated gains of over 3,000% for its holders in the past.
ADA price at $0.68 | Source: ADAUSD on Tradingview.com
Featured image from Blockchain News, chart from Tradingview.com
