Logo
Cardano Ecosystem

TheCryptoBasic

02/14/2024

·

39 views


Here’s The Potential Timeline for Cardano (ADA) to Surpass $1

Analysts remain optimistic that Cardano (ADA) could potentially touch the $1 level, given its ability to hit the All-Time High (ATH) above $3. Cardano has traded at a major discount for an elongated period of...

Here’s The Potential Timeline for Cardano (ADA) to Surpass $1

Analysts remain optimistic that Cardano (ADA) could potentially touch the $1 level, given its ability to hit the All-Time High (ATH) above $3.

Cardano has traded at a major discount for an elongated period of time, changing hands below the $1 price mark since at least April 2022.

With this price level marking a defined resistance point, there have been many speculations about what the future holds for the coin and the possible timeline it will take to retest this same level.

Cardano is changing hands for $0.5605, up by 1.57% in the past 24 hours. The coin’s market capitalization is up by 1.88% to $20,117,012,450 while its trading volume has slumped by 7.34% to $477,872,501.

Projections for ADA to $1 Milestone

Amid the struggle below $1, top Cardano bull, Dan Gambardello, who doubles as the founder of Crypto Capital Venture, has triggered a debate on the possible timeline for ADA to touch $1.

According to him, he believes the Proof-of-Stake (PoS) network will not hit this milestone before the next Bitcoin halving event slated for April.

I don’t think Cardano will break $1 before Bitcoin halving.

If it does I’ll give someone in the comments 1,000 $ADA.

Like and repost!

— Dan Gambardello (@cryptorecruitr) February 14, 2024

- Advertisement -

The comment comes on the back of growing speculations surrounding the asset and how it has lagged the broader market amid Bitcoin’s surge to $50,300, its highest level in about 3 years.

The concern hinges on the correlation the altcoin maintains with Bitcoin. Some of these commentators have called attention to the theory that Cardano ought to surge higher amid the Bitcoin rally, given its lower market cap.

Ultimately, the stunted growth of Cardano and the projections from AI algorithms like ChatGPT and Google Bard have positioned the minds of enthusiasts to expect more from the coin shortly.

What AI Thinks of the ADA Growth Trend

When The Crypto Basic asked Google Bard and ChatGPT what they think the price of ADA will be after the next Bitcoin halving, the former projected an optimistic range of $1.15 to $3, a moderate target of $0.75 to $1.25 and a conservative target of $0.5 and $0.75.

ChatGPT was more ambitious, as it believes Cardano could soar as high as $5 to $7 with a humble target of $1.5 to $2 post halving.

Follow Us on Twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on TheCryptoBasic

ORIGINAL SOURCE

https://thecryptobasic.com/2024/02/14/he...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from TheCryptoBasic

See more
Here’s How Much Cardano You Need to Make $1M If ADA Hits $5 or $12.8
TheCryptoBasic
Here’s How Much Cardano You Need to Make $1M If ADA Hits $5 or $12.8

last Tuesday at 2:34 PM

·

4 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)