The cryptocurrency market has finally finished the rocky month of April with a great note. Most of the assets have recovered considerably last week. Cardano (ADA) was among them as its assets increased by over 11% during this period. Altcoin continued this trend as assets were trading at $0.7178 at the time of writing. This comes after a 3.28% increase over the last 24 hours. Just today, the ADA climbed to $0.7282 after soaking at a low of $0.6843.
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While assets are struggling to move beyond $1, Charles Hoskinson, founder of the Cardano network, had set a bigger target for the ADA. The founder of Cardano pointed out how Altcoin can go up to $3, or even $10 during a recent live stream. However, this happens after development within a network that requires a significant budget. He believes that future growth stages could boost assets towards the milestones mentioned above.
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Cardano price forecast
According to Concodex data, Altcoin is expected to witness a slight increase within the next month. The company sets the maximum price for the ADA for May 2025 at $0.8656, and hopes for a potential increase of over $1.
Investors can purchase approximately 2,791.79 ADA tokens if they invest $2,000 in Cardano at the current price of $0.7167. By May 2025, Cardano is expected to peak at $0.865655. This means that the value of your investment could increase to almost $2,416.66. This will be a profit of about 20.83% from next month. It’s not a big spike, but it still represents a noticeable return on relatively quick investments.
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