Cardano, a cryptocurrency platform named after Italian mathematician Gerolamo Cardano, was launched in 2017. In August 2021, founder Charles Hoskinson announced the Alonzo hard fork, leading to a 116% increase in the price of ADA, Cardano’s native token.
The Cardano team also planned the Vasil hard fork, which faced obstacles but ultimately succeeded. As of the latest update, ADA is trading at $0.4651, reflecting a 1% drop in value over the past 24 hours.
Based on ADA’s performance in 2024, market conditions, and other factors, experts estimate ADA could trade between $0.410 and $0.430 over the upcoming weekend, with an average expected trading price of $0.425.
Despite a 15.7% increase over the past year, ADA is down by 12.8% in the last 30 days. It has not yet reached its all-time high of $3.10 from September 2021, with a current market capitalization of $15.2 billion. Analysts predict ADA could reach $1 by May 2025, possibly sooner with favorable market conditions.