Cardano’s native token ADA reached an all-time high of $3.09 in September 2021 during the bull market. It’s been more than three years since the leading altcoin failed to reclaim its lost territory. The ongoing rally pushed ADA’s price up by nearly 300% in the last 30 days, reaching $1.21 on Thursday.
Despite soaring 300% in a month, Cardano’s ADA is still 61% below its all-time high of $3.09. The altcoin has a long way to go to reclaim its previous glory in the charts and usher into a new territory. This article will highlight when ADA will breach its ATH and enter a new price in the indices.
Also Read: Litecoin Hits $130 After 3 Years: What Will LTC Be Worth in 4 Years?
Cardano: Here’s When ADA Will Breach Its ATH
Source: Pixabay
Leading on-chain metrics and price prediction firm Gov Capital remains bullish on Cardano ADA’s prospects. The price prediction firm noted that ADA could breach its ATH of $3.09 sooner than expected. According to the recently revised price forecast, Cardano’s native token could climb above its ATH in 2026.
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Source: Gov Capital
The forecast estimates that Cardano’s ADA could hit $3.12 in September 2026 and print a new ATH. That’s less than two years from today and could generate good profits for investors. Also, that’s an uptick and return on investment (ROI) of approximately 160% from its current price of $1.21.
Therefore, an investment of $1,000 made today in Cardano could turn into $2,600 in 2026 if the forecast becomes accurate. That’s considered a phenomenal return in less than two years of investment in ADA.
Trump Takes Centerstage in the Cryptocurrency Market
Source: inc.com / Reuters
President-elect Donald Trump is now the centerpiece of the cryptocurrency market’s bull run. His picks are mostly crypto-friendly appointees for top US financial cabinet positions. He also vowed to make the US the crypto capital of the world ignited Bitcoin’s run.
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BTC crossed the $100,000 milestone on Thursday renewing investor’s optimism in the digital assets sector. Read here to know how high Bitcoin could trade during Trump’s presidency.
