Machine Learning Algorithm Predicts When Cardano Price Will Hit New $6.5 ATH
19 Dicembre 2023 - 12:00AM
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The machine learning algorithm at CoinCodex has predicted when the
Cardano price will reach a new all-time high. The coin which has
been performing quite well in the last few weeks is still miles
away from its current all-time high of $3.1. However, the machine
learning algorithm has revealed when it will cross this level once
more. Cardano Price Will Hit $6.5 According to the CoinCodex
machine learning algorithm, the Cardano price may be locked into
years of performing below its 2021 all-time high prices before
finally revisiting It around five years from now. Apparently, while
the next few years will see the price jump another 200% from its
current price, breaking above $3.1 will remain elusive. Related
Reading: Shiba Inu Faces Make Or A Point As Analyst Identifies
Critical Trading Pattern The year 2024 which is expected to be the
start of another crypto bull market will reportedly see ADA only
rise as high as $2.98, falling just short of its previous all-time
high. Then in the years 2025 and 2026, its max performance is
pegged even lower with $2.42 in 2025 and $0.8 in 2026. The year
2027 is expected to follow the same trend as 2026 with a min value
of $0.5 and a maximum value of $0.86. However, in 2028, this is
expected to completely change to the point where the ADA price will
reach a brand-new all-time high. Cardano’s max price for the year
2028 is said to be $6.52 by the machine learning algorithm with a
minimum price of $0.73. Then in the following year of 2029, it
expects a minimum value of $1.1 and a max value of $4.99. Finally,
the year 2030 is placed at a minimum of $0.65 and a maximum of
$1.36. ADA price recovers from dip | Source: ADAUSD on
Tradingview.com ADA Sees Bullishness Across The Board Contrary to
the CoinCodex machine learning algorithm saying that the Cardano
price will not reach a new all-time high until the year 2028,
crypto analysts have come forward with their own bullish
predictions. One analyst Psyclops expects the price to climb to $10
amid the rapid growth that is being recorded in the Cardano
ecosystem. Related Reading: Terra Classic Validator Presents
‘Legally Absolved Route’ To Burn 800 Million USTC Another crypto
analyst known as Crypto Crow says that they expect the price to
reach $32. The time frame from this analyst is that they expect
this to happen in the next bull market and since the next bull
market is expected to take place between 2024 and 2025, it gives it
a two-year timeframe. Finally, crypto analyst Dan Gambardello has
predicted that the Cardano price will reach $11. His reasoning lies
with the past performance of the digital asset which has performed
very well in each bull market. Gambardello expects that if ADA
sticks to historical performance, then the market cap of the
altcoin will climb to $400 billion by the year 2025. Follow Best
Owie on X (formerly Twitter) for market insights, updates, and the
occasional funny tweet… Featured image from The Daily Hodl, chart
from TradingView.com
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