Ethereum

Cardano

2024

Solana

<p>As a major blockchain network, Cardana is currently underexposed to the market. Although it was launched in 2017, Cardano has been lagging behind its Ethereum competitors like Polkadot, Solana and other layer 1 blockchain networks, receiving no major traction from the crypto community.</p> 
<p>Now that the Bitcoin Halving 2024 ensued last weekend, experts are speculating whether Cardano would reach $5 in the post-halving crypto rally, which would be a 900% surge from its current dismal value of $0.51.&nbsp;</p> 
<p>Recent developments have turned out to be significant for Cardano as in 2023, its Total Value Locked (TVL) rose to 166% Quarter over Quarter (QoQ) and 693% Year over Year (YoY) , according to the <a href="https://messari.io/report/state-of-cardano-q4-2023" target="_blank" rel="noreferrer noopener" data-wpel-link="external">Q3 report by Messari</a>. Cardano currently has a TVL of $335 million, which is an increase of 570% from its lowest level nearly $50 million in early January.&nbsp;</p> 
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  <img fetchpriority="high" decoding="async" width="1027" height="379" src="https://www.cryptotimes.io/wp-content/uploads/2024/04/Cardano-Price-Chart.png" alt="Cardano TVL - DeFillama" class="wp-image-151900">
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<p>However, it is still far behind leading blockchain ecosystems due to hardly any major dApps, DeFi integrations and lack of any key-performer assets that could drive massive activity. Despite these odds and its wild-west ecosystem, Cardano’s native currency has gained 30% throughout the past year. The ADA price is expected to break the previous all-time high of $3.10 and reach above $5 in the upcoming uptrend.&nbsp;</p> 
<h2 class="wp-block-heading" id="price-analysis-of-cardano-ada">Price Analysis of Cardano (ADA)</h2> 
<p>According to <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noreferrer noopener" data-wpel-link="external">Coinmarketcap data</a>, ADA is trading near $0.51 which is down 83% from it’s all-time high recorded in September 2021. While most of the leading crypto assets have managed to surge over 100% in the past year, ADA has roughly gained 30% in the meantime.&nbsp;</p> 
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   <em>Cardano (ADA) Price – Coinmarketcap</em>
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<p>Another bearish indicator for ADA price is that most of the altcoins have recovered from the cycle lows while it is still struggling to break the previous all-time high of $1 recorded in 2018. On the other hand, Ethereum and the native currency of other competitor blockchain networks are already approaching highs of the past cycle.&nbsp;</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p><strong><em>Also read: </em></strong><a href="https://www.cryptotimes.io/2024/04/12/will-ethereum-reach-10000-after-bitcoin-halving-2024/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal"><strong><em>Will Ethereum Reach $10,000 After Bitcoin Halving 2024?</em></strong></a></p> 
</blockquote> 
<h2 class="wp-block-heading" id="will-ada-hit-5-in-post-halving-rally">Will ADA Hit $5 in Post-Halving Rally?</h2> 
<p>The anticipation around ADA price is expectedly cold due to several factors but it could still spike to new high by coinciding with the gains in the post <a href="https://www.cryptoblogs.io/bitcoin-halving/" target="_blank" rel="noreferrer noopener" data-wpel-link="external">Bitcoin halving</a> price uptrend in 2024. If altcoins soar to new highs during next few months, ADA will surely march towards approaching the $1 price mark but it reaching $5 seems impractical considering its current price. ADA will need to surge approximately 900% or 10X from the current market price to attain the target.</p> 
<p>The current all-time high for ADA is $3.10 and in order to acclaim another high, it will even need to surge more than 500%. Although the current high is merely a 210% surge to its previous high recorded in 2018 so the potential high will be $6 for the hypothetical scenario.&nbsp;</p> 
<p>Whether or not ADA is going to hit $5 in this much anticipated upcoming cycle, what is certain is that the current altseason will bring back focus on Cardano. Cardano a $18 billion dollar market cap and its current negligible standing suggests that things&nbsp; are soon going to get better.&nbsp;</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Read: <a href="https://www.cryptotimes.io/2024/04/22/will-bnb-hit-1000-post-bitcoin-halving-2024/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Will BNB Hit $1000 Post Bitcoin Halving 2024?</a></p> 
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<h2 class="wp-block-heading" id="faqs">FAQs</h2> 
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   <h3 class="accordion-title gb-heading none-toc" id="strong-how-far-ada-price-could-reach-after-bitcoin-halving-2024-strong"><strong>How far ADA price could reach after Bitcoin halving 2024?</strong></h3> <i class="rbi rbi-angle-down gb-heading"></i> 
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   <p>ADA price is expected to break its previous all-time high and reach $5 in the post-halving rally.</p> 
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   <h3 class="accordion-title gb-heading none-toc" id="strong-could-ada-price-reach-a-new-all-time-high-in-2024-strong"><strong>Could ADA price reach a new all-time high in 2024?</strong></h3> <i class="rbi rbi-angle-down gb-heading"></i> 
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   <p>ADA price could potentially break to new all-time high in the upcoming Altseason around the end of 2024 and starting of 2025.&nbsp;</p> 
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Could Cardano (ADA) Hit $5 In Post-halving Crypto Rally?

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The Crypto Times

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