18 December 2023
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.
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 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.
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.