- Cardano (ADA) price hits $1 following a pump over 18% in under 24 hours.
- The price of ADA is inching closer to its previous ATH price at $3.1.
- Analyst expects the next trend surge target for ADA to take it to $2.90 price.
Legacy altcoin Cardano’s ADA, experienced a bullish pump today. In detail, altcoin Cardano (ADA) price hits $1 following a pump over 18% in under 24 hours. Analysts and ADA holders are thrilled to see the success of the Cardano ecosystem finally reflecting onto the price of ADA. Several traders are now trying to predict where the price of ADA will go next, to which, one reputed crypto analyst marks $1.2 and $2.90 as the next trend targets for ADA price.
Cardano (ADA) Price Hits $1 Following Pump Over 16%
One of the most popular assets expected to print an explosive pump this bull cycle is the legacy altcoin Cardano (ADA). This is because, after 10 long years, the Founder of Cardano, Charles Hoskinson, finally realized his dream of making Cardano a complete blockchain. His decade-long roadmap for Cardano led to a slow and steady development, leading the Cardano blockchain to become what it is today, the only truly decentralized blockchain.
This is the title the community has given Cardano . Over the decade, the blockchain and Hoskinson got a lot of hate due to its slow development. However, despite the criticism, Hoskinson left no room for compromise, he stuck by his principles to make Cardano the most capable blockchain, built to withstand the future ages. Now, with Cardano finally at the final stage, the community is hoping to see this success reflect on its native token ADA.
To highlight, despite the Cardano ecosystem not being at its best during the last bull cycle, its native token, ADA, still went on to experience an impressive pump, bringing ADA price to the $3.1 price range. Now, with the Cardano ecosystem being infinitely scalable, incredibly fast, highly interoperable, completely decentralized, and capable of offering everything and more compared to other blockchains, analysts expect ADA price to shoot in a highly bullish manner this altseason.
Next Trend Highs for ADA Set at $1.2 and $2.90
According to CoinMarketCap analytics, the price of ADA pumped over 18% to reclaim the $1 price range over the last 24 hours. Presently, it is trading at $0.99, boasting a total market cap of $35,368,324,942.74 and a 24 hour trading volume of $3,859,580,583.27. The asset is also under 70% away from reclaiming its previous ATH price of $3.1, and sentiments are high for the price of ADA to go far beyond that during this bull cycle.
As for what is expected in the coming days, the analyst in the post above provides some insight. According to this analyst, ADA is in the middle of a major climb and sights remain on prices over the $1.20 target. He expects prices over this target to come in for Cardano before a continuation surge towards a larger target at $2.90, which is currently about a pump of over 200% away.
