With many assets in the cryptocurrency market resuming their bullish trading trend alongside the sector’s representative, Bitcoin (BTC), Cardano (ADA) is doing the same, and finance experts have shared their views regarding Cardano price prediction for the end of this year.
Indeed, since the year’s turn, Cardano has accumulated a price increase of over 15%, which might not be that impressive when compared to some others but, nonetheless, demonstrates the continuous strength of the eighth-largest crypto asset by market capitalization.
Cardano price prediction
Taking these optimistic market movements and other bullish factors into consideration, multiple finance analysts have agreed that Cardano could continue to grow its price during 2024, with their predictions ending the year between $0.945 and $11.
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Among these experts are Elliott Lee, a British crypto journalist and analyst, a panel of 29 finance experts at research platform Finder, and Ben Armstrong, also known in the cryptoverse as BitBoy Crypto, a prominent crypto influencer, who see Cardano growing by the end of 2024.
#1 Techopedia’s Elliott Lee: $0.95
According to the Cardano price prediction by Elliott Lee, this asset could hit a price between a minimum of $0.45 and a maximum of $1.55 by the end of 2024, which puts its average price at $0.95, as the expert shared in a blog post published on March 11. As he explained:
“Looking into Cardano’s 2024, we have the launch of the age of Voltaire, where an on-chain governance structure and treasury are going to be introduced and the blockchain becomes truly decentralized. This doesn’t mean, however, that development stops, and Partner Chains, the privacy-focused Mithril protocol, and the Hydra state channels scaling solution are all slated for mainnet release in 2024.”
#2 Finder’s panelists: $0.945
Although it did not offer specific Cardano price prediction figures for the end of 2024, a panel of 29 industry specialists over at Finder has predicted Cardano to hit $1.57 by the end of 2025, which, taking into account its previous projections for the end of 2023, places the 2024 prediction somewhere in the $0.945 zone.
#3 Ben Armstrong a.k.a BitBoy Crypto: $11
Earlier this year, Ben Armstrong, a.k.a BitBoy Crypto, has shared his own Cardano price prediction that sees it ranging from a bearish scenario of $1.75 to an optimistic $18 by the end of 2024, with a realistic expectation of $11, according to his video from January 2024. As he highlighted:
“I think we’re going to see much more steady growth in the Cardano ecosystem and it will really surprise a lot of people. I can realistically see ADA reaching as high as $11. (…) This is how I project things happening if Cardano basically mimics the previous run in 2021 where it climbed from under 5 cents to nearly $3.”
Cardano price analysis
For now, Cardano is changing hands at the price of $0.67905, suggesting a 0.85% gain on its daily chart, as it moves to recover from the weekly loss of 8.22% while still accumulating an increase of 15.40% in the last month, according to the most recent data on March 18.
All things considered, Cardano could, indeed, reach one of the projections set by the above experts, as long as its team keeps developing the network, and the positive chart patterns continue, which could see ADA rising by as much as 150% in the short term, as Finbold reported.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
