Cardano (ADA) has immense potential as an asset that trades on exchanges, and Changelly’s forecast shows an impending ride beyond $56.9.
Cardano remains one of the most watched digital currencies in the industry today. Besides its robust developer ecosystem, the project boasts many technological advancements compared to its peers.
These advancements have pushed the coin to the limelight, with expert projections hinting at more impending upside for its native coin, ADA. Some of these projections predict double-digit figures.
Amid the sustained bullishness, crypto exchange Changelly recently shed insights into the potential timeline for Cardano to soar to a price range of $56.9 to $68.4.
Changelly Forecast on Cardano
According to Changelly, Cardano has the potential to continue on a bullish trajectory year-on-year, riding on its fundamentals.
The trading platform and analytics firm believe Cardano could retest its All-Time High (ATH) $3.1 in June 2028. In addition, Changelly sees a huge potential for Cardano to soar to double digits.
Despite its bullish stance, Changelly believes nothing magical will happen concerning Cardano’s price. To trade around the $56.9 and $68.4 price levels, the platform forecasts a timeline pegged at January 2040.
Per the forecast chart, Cardano will change hands at a minimum price of $56.9 and a high price of $68.4, with the $59.9 price mark serving as the projected average price.
For reference, the price of Cardano is currently $0.631 after a mild 0.56% surge in 24 hours. The coin will have to soar by at least 8,917.4% from this level to touch the lower price mark of $56.9 by 2040.
AI Algorithm Insights
In order to seek a second and third opinion, The Crypto Basic consulted with ChatGPT and Google Bard (Gemini) on the potential timeline for Cardano to touch this price level. ChatGPT pegged the timeline at 3 to 5 years, in line with previous bullish projections on ADA.
Google Bard also projected a similar timeline but with the clause that this price level may never be achieved. With the current ADA supply, hitting such historical highs might prove difficult.
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.
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