- ADA price has surged to its highest level since June 2022, with some analysts predicting it could reach $10-$30 by end of 2024 based on crypto’s potential $10 trillion market cap this decade if inflation persists.
- Cardano’s ADA tops the list for most development activity over the past 30 days, followed by Polkadot and Kusama – while Bitcoin did not make the top 10.
- Analysts cite Cardano’s position as a top development priority and the potential tailwind of inflation to crypto markets as reasons why ADA could see further parabolic price gains.
Cardano’s native token, ADA, has seen a surge in price and development activity recently. The coin has become one of the trendiest in the crypto space, though Bitcoin did not make the top development activity list.
ADA Price Movement
ADA has surged to $0.37, its highest level since June 2022. Analysts predict the rally could continue, with some price targets as high as $10-$30 by end of 2024. These bullish predictions are based on expectations that inflation could boost crypto’s market cap to $10 trillion this decade.
The Top 10 Development Activity List
Cardano’s ADA has seen the most development activity over the past 30 days according to Santiment. Polkadot and Kusama follow behind in 2nd and 3rd. Ethereum ranks 9th, while Bitcoin did not make the top 10 list.
- Cardano (ADA)
- Polkadot (DOT)
- Kusama (KSM)
- Hedera (HBAR)
- Aptos (APT)
- Status (SNT)
- Chainlink (LINK)
- Cosmos (ATOM)
- Ethereum (ETH)
- Vega Protocol (VEGA)
Analysts Predict Continued ADA Price Rally
Some analysts think ADA could surge to nearly $10 by end of 2024. Others like Lucid predict an astonishing rise to $30, based on crypto’s potential $10 trillion market cap this decade if inflation persists.
Conclusion
Cardano’s ADA has become a top development focus and its price has responded with a strong rally. If global inflation provides a tailwind to crypto markets, ADA could see further parabolic price gains based on optimistic predictions. Its position as a top development priority makes it one to watch.
