Cardano Price Prediction - ADA Coin Price Prediction for 2025 | Godex.io

Cardano (ADA) price prediction for 2024-2030

Cardano price prediction
Contents

What is Cardano (ADA)?

Cardano is a multi-tier decentralized platform created by Etherium co-founder Charles Hoskinson. Based on the very name that the platform received in honor of the outstanding Italian mathematician Gerolamo Cardano, and its coin and token ADA are named after Augusta Ada King, who is considered the first programmer, it is clear that the project is closely related to exact sciences.

Indeed, the project uses scientific methods based on mathematical proof and game theory, and The Cardano team works closely with the scientific community to review their developments and distribute them in a transparent manner. ADA ranks among the top 10 cryptocurrencies by market capitalization, and as the first blockchain to integrate an expert analysis approach into core concepts, Cardano received international media coverage.

The Cardano blockchain supports smart contracts, creates decentralized applications, and transfers money immediately with minimal fees. The ADA utility token is used not only for transferring funds, but also applied in the betting system and you can buy it on major cryptocurrency exchanges.

Historical Price Analysis of Cardano (ADA)

2017

Cardano entered the market in 2017 with a cost of $ 0.025 per token. Investors, entrepreneurs and just enthusiasts who believe in Cardano began to explore the Asian market, which led to an active rise in the rate, which could be observed in November-December.

2018

In early January 2018, the coin hit a record high of $ 1.18.

Until April of the same year, an abrupt drop continued to 15 cents per ADA token.

By May, the rate rose to 35 cents, but then the price fell again.

In the fall of 2018, Cardano was traded on exchanges at the level of $ 0.06-0.1.

2018 was a tough year for many major crypto projects, Litecoin, Bitcoin and Etherium crashed by more than 80% as ICO FUD crowded out investments.

2019

2019 does not stand out for significant changes in the value of ADA coins. There were several small surges, but in each case the ADA price couldn’t axceed $ 0.10, and by the end of 2019, it dropped to $ 0.03. As for the development of the project itself, 2019 was a very productive year, since Cardano 1.5 was released and the introduction of an important Shelley update was announced. All this could not but have a positive effect on the formation of the value of the token itself.

2020

In October 2020, a voting system became available for suggestions for improvements and funding. As for the price, it was not as high as the hopes for the brilliant project. The ADA met last year with a price of $ 0.0341, soon hit $ 0.0707 by mid-February, and fell to an intraday low of $ 0.0191 in mid-March due to larger market sales at the start of the Covid-19 crisis. After hitting the bottom of the year, the coin began rising exponentially and peaked in August at $ 0.146. However, just a few days later, the ADA began to decline, falling to $ 0.0771 by September 24. The ADA price fluctuated during the last month of 2020 from $ 0.135 to $ 0.19 and met the end of the year with a market price of $ 0.18.

2021

In the first quarter, the ADA price rose nearly 770%, and reached its all-time high on May 18 when it rallied to $ 2.46.

Cardano price today (August 11, 2021) is $ 1.88 with a daily trading volume of $ 5,383,198,470.77.

Today the ROI on Cardano is estimated at 8,552.19%.

There may be several reasons for such success:

  1. In mid-March, cryptocurrency exchange Coinbase began supporting Cardano (ADA).
  2. Around the same time, it appeared at Bloomberg Terminal.
  3. Market capitalization of more than $ 60 million provides high liquidity, and institutional investor interest is growing.
  4. Cardano is about to launch smart-contracts solutions.

Cardano Technical Analysis

Over the years, Cardano has been influenced by bears and bulls, causing the price to fluctuate. However, since 2020 the cryptocurrency has been on a bullish run.

Today’s technical analysis is particularly interesting as Cardano’s value surged more than 20% to $ 1.88, making it the leader in midweek altcoin recovery.

A significant role in this was played by the activity of developers on the network, which increased sharply on the eve of the launch of the functionality of smart contracts.

The short-term technical outlook shows that Cardano has an optimistic forecast that continues to maintain the upward trend. For example, the Moving Average Convergence/Divergence (MACD) indicator still forces buyers to invest in the ADA.

Additionally, a break above the immediate $ 1.8 barrier could support Cardano above $ 2. Above this level, more buy orders will be triggered, with profits above $ 2.5 expected to increase to astronomical levels.

It is important to understand that the Relative Strength Index (RSI) is bullish, but extremely overbought. It is usually difficult to maintain overbought conditions. Consequently, a correction is often expected after the RSI reaches levels above 70. Currently, the technical index is bigger than 80, which indicates the possibility of a pause or pull back if it reaches Resistance in the near future. Therefore, caution must be exercised when trading Cardano, at least for the time being.

On-balance Volume (OBV) is rising, which indicates that volume on Up days is greater than volume on Down days. Consequently, demand exceeds supply.

Factors that Influence the prices of Cardano (ADA)

Analyzing the price change for the ADA token and comparing this with the development of the Cardano project itself, as well as external factors, several reasons can be identified that affect the value of this asset.

Three main factors affecting the cost of Cardano:

Factor 1: The value of the Network

The price of a coin is always somehow related to the value that the network carries. In simple words: a coin cannot exist without a network. After the network and the coin have been successfully integrated and the blockchain is running smoothly, the price of the coin can rise as the network runs smoothly. The network must have something that can benefit the crypto community, a unique product or service. We saw what happened to the ADA’s price when the developers announced the launch of smart contracts on the network. 

Conclusion: the development of the network affects the value of its coin.

By the way, all of the above leads to the second factor.

Factor 2: Adoption

This is perhaps the most important factor, because people determine the value of a product or service, but since it follows from the first factor, we designated it as the second.

Conclusion: the larger the fan base of the Cardano, the higher its value.

Factor 3: Competitors

Bitcoin, the first generation cryptocurrency, is still the market leader and not many coins can compete successfully with it. However, Bitcoin usually tends to pull coins upwards, so there is a positive correlation between Bitcoin and Cardano. So, if everything goes well for Bitcoin and the crypto market in general, then positive results can be expected from Cardano.

However, the situation with other coins, which have a similar structure and features as Carando, is different. Such coins threaten Cardano’s price, and the increase in their value will lead to its devaluation.

Conclusion: When Bitcoin is good, Cardano is good. When coins like NEO, Block, Lisk, etc. are good, Cardano is bad.

Short-Term Cardano Price Prediction

Based on today’s price action for ADA, which has increased by 20%, reaching $1.88, as well as large-scale updates and development of the Cardano network itself, many experts predict an increase in the price to $2.

ADA Price Prediction for the Next Three Months

Predictions based on technical analysis and technology developments in the Cardano ecosystem range from $3 to $5. A significant increase in value is expected in September and October, after the release of an upgrade related to smart-contracts. However, raising the value of the token to $3 seems more realistic.

Cardano price prediction for 2021

According to the forecasts of many experts, Cardano was supposed to rise to $1.8 only by the end of 2021, however, the coin surpassed these forecasts, reaching a flattering mark in August. It is worth noting that ADA has already reached its historic peak in May at $2.4 per coin, which means that it can be expected that it will not only regain its former glory, but also break its own record. Some experts predict $3-5 per token, linking such an optimistic forecast to an upgrade in the Cardano ecosystem planned in September.

Long-Term Cardano Price Predictions

When it comes to cryptocurrency, even the accuracy of short-term predictions is questionable, not to mention attempts to predict what the coin’s value will be in 10-15 years from now. The most pessimistic forecasts predict $5, and the most optimistic ones – $15 per ADA token. One way or another, experts agree that this digital asset has excellent prospects, which means it should be of interest to investors.

Cardano (ADA) price prediction 2022

According to CoinQuora forecasts, Cardano has every chance of hitting $12 by the end of 2022. Especially with the third blockchain upgrade, partnerships and bullish trend, an increase in the value of this digital asset is inevitable. A more detailed forecast says that in the first half of next year, the value of the coin may be $15. This growth will then slow down and drop to a maximum of $12.

LongForecast is not so optimistic and values the token at a maximum of $6.33 in 2022, which is half of CoinQuora’s forecast.

Wallet Investor is the most modest in its predictions and expects ADA to surpass just $3 in 2022.

Cardano (ADA) price prediction 2023

LongForecast has pessimistic forecasts for this year, believing that the coin will meet it with a value of $5.10, but after undergoing frequent fluctuations throughout the year, the price will fall to $3.17.

CoinQuora again has the most optimistic forecasts for Cardano’s account and predicts its cryptocurrency value of $18, but only on condition that the market manages to maintain a bullish trend and overcomes the resistance level (which in itself is clear).

Cardano (ADA) price prediction 2024

At LongForecast, everything is even more pessimistic than last year, and, according to their experts, in 2024 the value of Cardano will continue to fall and will drop to $1.72.

TradingBeasts are more optimistic about Cardano and believe the coin will rise to $5 by December 2024.

Approximately the same figures are adhered to by the Investor Wallet, expecting that the token will expand from a minimum price of $3.6 to a maximum of $4.564 by 2024.

While CoinQuora continues to harbor high hopes, prophesying Cardano a value of $ 25, again if everything goes smoothly with investors and the development of the ecosystem itself.

Cardano (ADA) price prediction 2025

LongForecast believes that the value of the token will grow from $ 1.72 (according to their previous prediction) to $ 2.39 by the end of 2025, but still the forecast is not very bright.

According to DigitalCoinPrice‘s forecast, the ADA could hit $ 4.53 by 2025.

RippleCoinNews believes Cardano can hit the $ 8 to $ 10 mark very easily.

Medium post also suggests Cardano could hit $10 by 2025, in the right conditions.

Whereas CoinQuora considers these predictions to be very conservative and believes in Cardano’s capabilities more than its expert peers, predicting that the price could skyrocket to $37.

In general, the number 10 is most often found in the speculations of crypto experts regarding the value of Cardano. Therefore, most likely, in the next five years, you can safely focus on it.

Cardano (ADA) price prediction 2026

Starting in 2026, predictions are no longer as daring, and few people want to take responsibility for guesses about how Cardano’s price will behave.

Wallet Investor expects ADA to reach $9.77 by the end of 2026.

CoinPriceForecast suggests the cost of ADA to be $4.71 by 2026.

According to DigitalCoinPrice it will reach $6.69.

Cardano (ADA) price prediction 2027

DigitalCoinPrice believes the coin will slowly rise from $6.69 to $6.87. 

This year, most experts expect the value of the coin to be at least $ 6.87, and the maximum will be $ 7.3.

Cardano (ADA) price prediction 2028

DigitalCoinPrice hopes that by 2028 the coin will reach $7.36. Most experts believe that in 2028 the price will range from $8.6 to $7.5 per coin.

Cardano (ADA) price prediction 2029

Most experts believe that in 2029 the minimum price for the coin will be $8.2 and the maximum price will be $10.4.

Cardano (ADA) price prediction 2030

Few of the experts are in favor of predicting the value of Cardano for such a distant period, because due to the volatility of cryptocurrencies, it is simply impossible to predict the occurrence of many factors that can affect the price. For example, Changelly experts believe that the most likely cost of ADA in 2030 will be around $15, while Crypto News predicts that it will hit the $10 mark

What you can be more or less sure of is that ADA gives good hopes and, most likely, will not go into non-existence, but, on the contrary, will strengthen in the market.

 

FAQ

How to Buy Cardano (ADA)?

Before proceeding with the purchase, you must have a wallet that supports the ADA token. You can buy Cardano using an instant exchange service like Changelly or one of the trusted crypto exchanges like Binance, Bittrex, Godex.io or Kraken. Before proceeding with the purchase, you must have a wallet that supports the ADA token. After registering on the platform of your choice (usually it is simple and does not take much time), you must select the desired pair for conversion, for example BTC to ADA, and enter the public address of your Cardano wallet.

What is the Future of Cardano?

The future of Cardano may not be as bright as some crypto experts and enthusiasts predict, but this currency definitely has every chance of increasing its value in the market. The ecosystem of Cardano is built competently, according to scientific methods, and the developers work closely with academies and scientific institutions. All this confirms that the coin is unlikely to fade into oblivion, but will shine even brighter in the near future.

Should I invest in Cardano?

The question is not whether it is worth investing in Cardano, but how much to invest. This cryptocurrency is not unreasonably attracting the attention of investors, and almost all forecasts indicate an increase in its value. However, any investment is a risk. Therefore, you need to invest only as much as you do not mind losing.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.

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