Cardano's native cryptocurrency ADA is trading around $0.45 on Monday. The leading altcoin is largely moving sideways with little to no price gains on the charts.
It last hit its all-time high of $3.09 in September 2021 before losing most of its gains. The million dollar question now is: when will Cardano's ADA break its ATH and reach a new all-time high? In this article, we will highlight a preliminary timeline on when ADA could cross the next $5 limit.
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When will Cardano (ADA) reach the $5 milestone?
Leading company for statistics and price predictions in the chain CoinCodex has painted a bullish picture for Cardano's ADA. According to the price forecast, ADA could reach a maximum high of $2.41 next year in 2025. That's an increase and a return on investment (ROI) of approximately 450% from the current price.
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The statistics agency has also estimated that Cardano's native token ADA could rise above $5 by 2029. That's another five years from today and is considered a long-term wait. Additionally, the forecast estimates that Cardano's ADA could hit a new all-time high of $5.21 sometime in 2029.
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The forecast states that ADA could drop in price and hover around $3.51 by 2030. If the prediction is correct, the return on investment (ROI) would be approximately 1,070% of the current price. Therefore, a $10,000 investment made in Cardano today could become $117,000 if the forecast becomes accurate in 2030.
Nevertheless, the cryptocurrency market is highly volatile and cuts both ways, causing serious losses for investors. There is no guarantee that ADA could reach $5.21 in 2030 or $2.41 in 2025. It is advisable to conduct thorough research before taking an entry-level position in Cardano's native token and trade at your own risk.