Cardano is undergoing a transformative patch, a touch price phase during which ADA cannot pass the $0.30-$0.40 price level. At press time, the token was sitting at $0.38, eager to cross the $0.40 mark.
Despite all odds, Cardano continues to gain user momentum, representing the genuine concept of decentralization for its users. As predicted by AI mechanisms, here’s when it could hit $1.
Also Read: Weekend Price Prediction For Dogecoin (Doge) & Ripple (XRP)- Sept 29, 2024
AI Prediction For ADA
According to ChatGPT, Cardano’s price ascent is closely linked to multiple market factors. This development includes some internal growth within the ADA ecosystem, alongside active collaborations that may boost its price further. ADA’s price path is also heavily interlinked with Bitcoin, with BTC playing a key role in bolstering its price levels.
AI further adds that Cardano’s DeFi growth, projects, and market approach play a huge role in determining Price Cardano’s future. Considering all these metrics portray a bullish stance, ADA may reach $1 between 6 and 12 months.
Elaborating more on predicted trajectories, AI predicted three scenarios for ADA to ace in the coming months.
ADA can breach the $1 mark within the next 6–12 months if the buy signals are strong and have robust market support. Similarly, the portal later shared that if the market is under a bearish spell, Cardano may take nearly 12–18 months to reach the $1 mark.
Also Read: Chinese Yuan Hits 16-Month High Against US Dollar
Technical Analysis of the Token
According to CoinCodex, ADA may reach the $1 mark by December 2024. The token is predicted to stabilize by March, trending at the $0.91 level after touching the $1 mark.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 136.67% and reach $0.913914 by March 24, 2025. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 59 (greed). Cardano recorded 19/30 (63%) green days with 4.20% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”
Also Read: Shiba Inu: How Many Years Will SHIB Take To Reach $1?
