The Cardano (ADA) ecosystem has been witnessing a major uptick throughout the past week. The altcoin went from trading at a low of $0.59 to a high of $0.66. During this period, ADA jumped by nearly 5%. This increase was nowhere close to what the asset recorded during the past year. Earlier in 2024, ADA was priced at $0.2799 before jumping to a peak of $1.32. While the asset’s current price is a major setback for the market, investors are hoping to witness a rise sooner than later.

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How Much Did Cardano Rise Over The Past 24 hours?

The Cardano market recorded a massive increase during the past 24 hours. The asset surged by nearly 6% during this period. At the time of writing, ADA was priced at $0.6568.

Amidst this, the community sentiment of the asset seemed positive. It looks like the overall market was optimistic about ADA’s potential rise. According to data from CoinMarketCap, a staggering 89% of 968.4k votes were bullish about the altcoin’s possible rise in the future. The market, however, had naysayers as well. 11% weren’t too sure about the asset’s upward trajectory.

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Can the Altcoin Reclaim $1.5 Soon?

Since the overall cryptocurrency market is moving quite slowly, Cardano’s rise beyond $1 could take some time. Data from Changelly revealed that the asset will only rise beyond this level in 2026. In addition, the altcoin will reclaim $1.50 in the year 2027. Despite this two-year wait, the community will see ADA hit this high in the month of January. During this time, the asset will reach a maximum price of $1.54.

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