Cardano, a cryptocurrency platform named after the Italian mathematician Gerolamo Cardano, was launched in 2017. In August 2021, Cardano’s founder, Charles Hoskinson, announced the Alonzo hard fork, leading to a 116% increase in the price of ADA, Cardano’s native token, in the following month.
The Cardano team also planned for the Vasil hard fork, which faced some challenges but was ultimately successful. Currently, ADA is trading at $0.4494, with a 4% increase in the last 24 hours. Given the current market conditions, experts predict ADA could trade between $0.429 and $0.439 over the upcoming weekend, with an average price of $0.433.
Analysts at Changelly suggest that ADA could potentially reach $1 by May 2025, or even earlier if market conditions improve. Despite a recent increase of approximately 11.1% over the past year, ADA is still down by 14.3% in the last 30 days. The cryptocurrency is yet to reach its all-time high of $3.10, achieved in September 2021, and currently holds a market capitalization of $25.4 billion.