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Cryptopotato

12/17/2023

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These Are the Cardano (ADA) Price Predictions to Watch in 2024

TL;DR ADA’s Recent High and Positive Projections: Cardano’s ADA hit a 19-month high of $0.67 and remains bullish, with analysts predicting a substantial rise next year. High Price Forecasts: Analysts like...

These Are the Cardano (ADA) Price Predictions to Watch in 2024

TL;DR

  • ADA’s Recent High and Positive Projections: Cardano’s ADA hit a 19-month high of $0.67 and remains bullish, with analysts predicting a substantial rise next year.
  • High Price Forecasts: Analysts like Dan Gambardello and Ali anticipate ADA reaching up to $11 and $10 respectively by 2024, while Tyler Strejilevich suggests a possible 6,000% increase based on recent trends.
  • ADA’s Growing Investor Profitability: Over half of ADA investors currently see profits, and the total value locked in Cardano has surged past $400 million.

What to Expect From ADA Next Year?

Cardano’s native token – ADA – has been flying high lately, with its price tapping a 19-month high of $0.67 (per CoinGecko’s data) earlier this month. Despite the slight correction in the following days, many analysts believe the token remains in a bullish mode, expecting a rapid surge next year.

According to Dan Gambardello – Founder of Crypto Capital Venture – ADA could benefit from the upcoming Bitcoin Halving (scheduled for April 2024) and witness its valuation spiking to an all-time high of $11. He doubled down on his forecast a few days ago, claiming that the coin’s uptrend is “based on very simple data” and not on “hype.”

The popular X (Twitter) user Ali chipped in, too. They observed certain charts and previous consolidation levels to set a $10 price target to be potentially reached by the summer of 2024.

The most optimistic prediction came from the X user Tyler Strejilevich, who noted a particularly bullish weekly cross which ADA recently experienced. 

“The last time this happened, it pumped 6,000% over the next 66 weeks,” the analyst stated.

Those curious to dive deeper into the matter could take a look at the ADA price predictions featured in our dedicated video below:

ADA’s Improved Overall Condition

ADA’s evident price appreciation seems to have benefited numerous investors lately. According to IntoTheBlock data, 56% of those invested in the asset currently sit on paper profits. As CryptoPotato reported, that percentage was just 35% approximately two weeks ago.

In addition, total value locked on Cardano has surged to record levels, surpassing the $400 mark in the past several days.

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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.


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