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Cardano (ADA) Price Predictions: Where Does the Green Coin Go After New Highs?

Cardano (CCC:ADA-USD) is not wasting a single second as green coins continue their lofty ascent. The mainstay altcoin, which recently recently passed Dogecoin (CCC:DOGE-USD) in market capitalization once again, is now flashing a new all-time high. Cardano (ADA) price predictions are feeling bullish on the green play, confident it will continue its surge.

A concept token for Cardano (ADA) with a trading chart in the background.

Source: Shutterstock

Many investors are likely familiar with Cardano, especially if they watch the altcoin space. Bulls have looked to the coin as a solid, mid-size altcoin for growth.

Now, things are looking even better for the altcoin.

Cardano is priming itself for a tear higher, as eco-consciousness takes the forefront of crypto investing. Elon Musk has been reconsidering his stance on crypto through the last week, removing the option to buy a Tesla (NASDAQ:TSLA) with Bitcoin (CCC:BTC-USD), citing its massive power consumption.

Cardano, one of the highest-efficiency and greenest crypto plays, was the only top 20 crypto to be spared from the market correction following Musk’s tweet. In fact, the coin took off on a run, and is still running now. It is smashing through all-time high milestones. Just this past Saturday, ADA hit $2 in value, and ultimately saw a $2.46 price.

Cardano (ADA) Price Predictions See a Speedy Recovery

Cardano’s breakout week is being hampered today by its first losing session in five days. However, this isn’t slowing down any bullish Cardano (ADA) price predictions. Let’s take a look:

  • InvestingCube thinks ADA will see a resurgence soon, as it’s still above its 50- and 100-day moving averages. They say Cardano can retake the $2.46 all-time high with ease.
  • The Economy Forecast Agency thinks the green revolution will carry Cardano to huge new heights this year. They predict December 2021 highs of $6.62.
  • WalletInvestor predicts that in 12 months’ time, ADA could see a price upwards of $3.50.

On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2021/05/cardano-ada-price-predictions-where-does-the-green-coin-go-after-new-highs/.

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