The Cardano blockchain’s native cryptocurrency ADA is hovering around the $0.35 mark on Wednesday. The leading altcoin has surged by 33% in a year, delivering decent returns to investors who took an entry position in Q2 last year.

Most investors are waiting for ADA to climb above the $1 mark and eventually breach its all-time high of $3.09. None of these are occurring as the global macroeconomic conditions are pulling the prices of cryptocurrencies down.
However, the latest price prediction indicates that Cardano’s ADA could breach its ATH of $3.09 and surge further in value. This article will highlight when ADA could reach the $3 milestone, delivering massive profits to investors.

Cardano (ADA) To $3: Price Prediction

"The leading on-chain metrics and price prediction firm CoinCodex has painted a bullish picture for Cardano’s ADA. According to the price prediction, ADA could breach its ATH of $3.09 and reach a new high of $3.23 in 2029. That’s another five years from today and is considered a long-term investment.

The forecast estimates Cardano’s ADA will rise by 820% from its current price of $0.35 to $3.23 in 2029. Therefore, if the prediction is accurate, an investment of $1,000 could turn into $9,200 five years later.

The bullish forecast indicates that the leading altcoin could kick-start a rally during the late 20s. Find out how high Ripple’s XRP could reach during the same period.
Nonetheless, the cryptocurrency market is like a double-edged sword and cuts both ways, causing hurtful wounds to investors. There is no guarantee that Cardano’s ADA will spike 820% in the next five years and reach the $3 mark.
Conduct thorough research before taking an entry position in the altcoin, and trade at your own risk.