Cardano price could shoot up to $2 - here's when

While Cardano enthusiasts are struggling and looking for the right method to acclimatize, this altcoin has yet to experience the bull market that is increasingly being talked about.

The price of the token fails to register any major movements and by all accounts it looks like it could turn out to be a good opportunity. The real question is – what is the price level that would be the best potential entry point?

A well-known crypto analyst believes that the “Chang” hard fork will be the decisive phenomenon in the path of the future growth of the altcoin. This fork also comes with a tool for the community to decide on the future of ADA on the web.

The analyzer is waiting Cardano to reach the $2 threshold soon after the proposed upgrade. According to him, this will attract a huge influx of new investors to the system, which is a credit to the founders and the entire team.

"In June, Cardano will receive a node upgrade, and by August, everyone should be updated, with the expectation that Chang will be up and running. In the past, hard forks have been the main catalyst for bullish trends. ADA at $2 by August shouldn't be an impossible dream" statements the analyzer.

Charles Hoskinson, the creator of Cardano, also expressed excitement about Chang. In detail message in X, he indicated that this contribution could elevate the ADA ecosystem tremendously. He stated:

“This is a historic moment for Cardano and for the entire cryptocurrency sector. Cardano wants to be a decentralized global community with millions of users. We will implement the best system of governance, annual budgets, treasury and a collective community of wise people to guide us”.

At the time of writing, ADA is trading at $0.4412, up almost 4% on a daily basis.