While Bitcoin‘s price maintains its stability in the cryptocurrency market, Cardano (ADA), the eighth-ranked by market value, experienced a significant increase yesterday. ADA recorded an increase of 96.14% in its net value compared to last year.
Currently trading at $0.59, ADA’s price increase has raised expectations within the community for a potential move toward its all-time high of $3.10. In this context, experts at Changelly have made predictions to understand the future price movements of the altcoin.
According to the analysis by experts at the Changelly cryptocurrency exchange, ADA’s average price in December 2023 is expected to be at $0.529. The predicted minimum and maximum price range is between $0.481 and $0.577 respectively. Based on this prediction, a slight downward trend in ADA’s price is anticipated by the end of the year.
Changelly analysts suggest that this decline may not be limited to 2023 and could continue into 2024. Still, they propose that the average could be slightly higher than in 2023, but not higher than the current price. However, considering Bitcoin’s halving next year, this seems unlikely.
By 2025, the momentum in Cardano price predictions shifts upward. According to Changelly’s forecast, the minimum price for ADA could be $0.9720 and the maximum could reach $1.16. The predicted average price is $1.01, indicating a strong upward movement for ADA.
Moving into 2026 and 2027, the outlook for Cardano remains positive. Changelly experts expect the price to trade between a minimum of $1.36 and $1.87 and a maximum of $1.69 to $2.35. The respective prices that could emerge are $1.41 and $1.93.