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Cardano Weekend Price Forecast: Potential Gains for ADA

Cardano's recent performance and historical impact

As Cardano continues to proceed with significant updates like the Alonzo and Vasil hard forks, cryptocurrency analysts provide insights into ADA’s price trajectory for the upcoming weekend.

Key takeaways:

  • Experts predict ADA could see prices ranging between $0.429 and $0.439 over the weekend.
  • Long-term projections suggest ADA might reach $1 by May 2025, contingent on favorable market conditions.

Cardano, named after the renowned Italian mathematician Gerolamo Cardano and introduced in 2017, has seen notable price movements following significant network upgrades. For instance, the announcement of the Alonzo hard fork by founder Charles Hoskinson in August 2021 spurred a remarkable 116% price increase in ADA within a month. Despite facing challenges, the subsequent Vasil hard fork was successfully implemented, contributing to ongoing project momentum.

Upcoming weekend price movements

As of now, ADA is trading at $0.4494, experiencing a 4% increase in the last 24 hours. Analysts from Changelly, considering ADA’s recent performance and overall market dynamics, forecast that ADA could fluctuate between $0.429 and $0.439 over the weekend. They also anticipate an average trading price of $0.433 during this period.

Changelly analysts remain optimistic about ADA’s potential, predicting a target price of $1 by May 2025, which might be achieved sooner with improved market conditions. According to CoinGecko, ADA has climbed approximately 11.1% over the past year, though it has retreated by 14.3% in the last 30 days. Despite recent fluctuations, ADA maintains a significant market capitalization of $25.4 billion but still has ground to cover to revisit its all-time high of $3.10 reached in September 2021.