Cardano’s value (ADA) is up significantly over the past few days. On weekly charts the asset increased 77.4%, on 14-day charts by 78%, on monthly charts 68.1%, and on yearly charts 57.8%. ADA currently performs better than Bitcoin, which increased by nearly 20% over the course of the past 14 days and 18.2% during the week. ADA is back in the top 10 of projects by capitalization with its recent surge.
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Cardano: What is the Push?
ADA’s rise is most likely due to Bitcoin reaching the $80,000 level. Today, the original cryptocurrency reached a new high-water mark of $81,800.
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BTC’s rally could, however, be attributed to Donald Trump’s victory in the US Presidential Elections. Market participants and investors may have a positive outlook on a Trump presidency due to the pro-crypto, pro-business attitude of Donald Trump.
Can the Asset Reach A New All Time High?
Cardano has dropped by more than 80% since its September 2021 peak price of $3.09. ADA is struggling to regain the momentum it had in its 2021 peak.
CoinCodex analyst predicts that ADA prices will rise in the weeks to come, and they expect ADA to reach $0.695211 at 10 December 2024.
Changelly predicts that in March 2030, around five and a half years from now, ADA will regain its peak of $3.09. Changelly estimates that around five-and-ahalf years later, in March 2020, ADA’s peak price of $3.09 will be reached.
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Telegaon’s analysts, compared to Changelly’s, are more positive about ADA. Cardano is predicted to reach a new high of $3.13 by 2026. This will be about two years away.
If ADA’s bullish momentum continues, it is possible that the asset could hit a higher all-time level much earlier than originally anticipated.
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Source: watcher.guru
