Cardano’s native token, ADA, has been up by 5.08% in the last 24 hours. It is exchanging hands at $0.3477 as the content is being articulated. It is speculated that the token will soon inch closer to $15 by the end of 2027. That is a huge jump for a token that is barely $1; however, it is plausible. The prediction stems from the successful implementation of the Chang hard fork. It happened in the early days of September. The subsequent step is the implementation of Leios Upgrade. It serves as a sturdy pillar, assisting in raising the value to $15.
The Leios Upgrade is essentially a way to boost the speed of the network. It allows for the enhancement of the user experience through improved transaction throughput. Consequently, it enhances the network’s efficiency and user experience. Charles Hoskinson has called it a significant step, adding that it will make the Cardano network faster without compromising the aspect of decentralization.
Moreover, it is anticipated that the Leios Upgrade will contribute to network adoption.
When Rick McCraken posted a poll on X asking which one should be prioritized, Charles provided clarity on the upgrade. Over 55% of the participants voted for Leios Upgrade. In fact, they said that the upgrade should have happened sooner. It is now tentatively scheduled to happen in the fourth quarter of 2024. The implementation of Rust Node is another option. The idea doesn’t seem to have gained traction as of now, with only 7.2% of the participants voting in its favor. Hoskinson agreed to the verdict. He stated that Rust Node does not provide the network with any differentiating feature that could be useful to users.
Charles Hoskinson’s support is a key factor contributing to the speculation that ADA will surge in the future.
Many believe that the token is poised for a rise to $15 in the next 3-4 years. It does not align with general predictions; however, sentiments can change at any moment. The ADA price prediction projects that the token will float between $2.06 and $2.15 by the end of 2027. By the end of December, the current year is expected to see ADA exchange hands in the range of $0.429-$0.545.
Near-term predictions are more bullish, with ADA estimated to soar by 16.53% from the current value in the next 30 days. That will bring the Cardano token to $0.405879, despite the current 5.50% volatility.
ADA has fluctuated a lot in the last 24 hours, but it has mostly traded in green. The level was $0.330, and the value has not fallen beneath that mark since the calendar changed the date. Assuming it makes a breakthrough to $15, then that would be a pretty huge boost to the ecosystem of Cardano and potentially for the entire crypto market, which will only follow its trail in one way or another.
Source: https://www.cryptonewsz.com/cardanos-leios-upgrade-a-game-changer-for-ada/