Cardano recently made it to a new high on February 20th, 2021 with the price of 1.18$, getting past the target of 1$ and recording a historical high. ADA is still trading at 1$ after the crypto dipped below the latest all-time high value. ADA is also attempting to set up support levels at 1$ while investors surely hope that the price of Cardano will remain above 1$, towards reaching new highs. As ADA is spiking, is it possible for the crypto to reach 10$ by 2025? What to expect from Cardano in a long-term forecast?
Cardano (ADA) Price Forecast: Can ADA Reach 10$ by 2025?
Cardano made it to a new all-time high price on February 20th, 2021, reaching 1.18$ as the newest record and getting past the value of 1$. With this historical move, it is more than obvious that ADA is getting a piece of the bull run cake that the top cryptos have been testing roughly since December 2020. ADA is showing over 1600% for the year in returns and 195% of gains in the last 30 days. ADA is still recording returns on daily basis as well. The dev team behind ADA released the latest version of Daedalus only a day before ADA recorded an ATH. The team introduced the new features to support the native token as the Mary protocol update is getting closer to realization. ADA has all the potential to reach 10$, perhaps even before 2025 in case, the crypto continues with its current momentum.
Cardano (ADA) Long-term Price Analysis
ADA is recording some major gains, which means that we could see ADA doubling its price in the following months in case the positive momentum prevails. There should be some declines, hopefully minor, as it is often the case when investors are selling their positions to cash in on the gains. The 10$ price target might be even closer than 2025 when taking into consideration that Cardano is an active project that is under constant improvement and development until it reaches its final phase.