Cardano Price Prediction: Can ADA Reach $10?

There are many concerns in the world of blockchain that need to be solved in order for the industry to move forward. The blockchains of the so-called third generation are supposedly fighting the scalability trilemma and offer better terms for token holders and developers. Cardano is considered to be a flagman of those blockchains, being one of the first to implement the Proof-of-Stake consensus mechanism. With its upcoming Vasil upgrade, the experts expect its short-term prices to show some gains. Read our ADA token price prediction to know more. 

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Cardano Fundamental Analysis

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Cardano is an open-source Proof-of-Stake blockchain network and one of the biggest projects in the crypto space by the market cap. As stated on the official website, it is made for the people that are aspiring for innovations, creating possibilities, and bringing positive global changes. Cardano is also the first ever project developed on peer-based research and using evidence-based methods. The vision of the project is to become an enabling force for positive change and progress by introducing a new standard in technology, making it open and inclusive with the possibilities to deliver innovations globally. 

The network was developed with the use of evidence-based methods — the combination of formal methods that are normally used in critical high-state applications. This approach allows the project to stay adaptable and responsive to innovations and changes. All the updates and upgrades are first researched, tested, and mathematically modeled before being specified and implemented. It should allow decentralized applications and smart contracts to be developed with modality.

Cardano uses its own programming language called Plutus. 

Cardano was founded in 2017 and got its name from the 16th-century Italian scientist Gerolamo Cardano. Its native token got its name from 19th-century mathematician Ada Lovelace, who is widely considered to be the world’s first computer programmer. The concept of the network was implemented by Charles Hoskinson, who was also a co-founder of Ethereum. He is the CEO of IOHA, the company that built the Cardano blockchain. 

Cardano network utilizes its native consensus mechanism called Ouroboros, which is stated to be the first peer-reviewed blockchain protocol. It enables the decentralization of the blockchain and allows the network to scale without compromising security. The Ouroboros secures the network from the Sybil attacks and bad actors through a multi-signature and extended UTXO model.  

The users are responsible for securing the network and can participate in it as stakers and delegators. The platform is built and expanded through enhancement and improvement protocols. The project also has its governance system, where the ADA token holders are able to vote on the proposals to upgrade the network. 

In 2020 the network went through the Shelley upgrade that was meant to make it more decentralized. On September 12, 2021, the Alfonzo fork was officially launched on the Cardano network, bringing the smart contracts functionality. In less than a day after the launch over 100 smart contracts were deployed on the blockchain. The use cases include the agricultural companies that use Cardano to track the supply chain of their products, and also the storing of educational credentials in a tamper-proof way.

There is a highly anticipated Vasil hard fork upcoming for Cardano, which is supposed to introduce several upgrades to the blockchain contract programming language Plautus and the capacity of the network. The event was originally scheduled for June 2022 but was postponed later. Through Cardano Improvement Proposal 330, the validation process will become more efficient and reduce the size of transactions. The Vasil hard fork is going to happen on September 22, 2022.  

ADA is a native token of the Cardano network that also grants its holder governance rights. It was launched in 2017 following the public sale of 25.9 billion tokens that started in September 2015. After that 5.1 billion tokens were issued and shared between three separate entities that develop and market the Cardano protocol. Around 2.5 billion ADA was allocated to IOHK when the network was implemented. All together around 16% of the tokens belong to the founders. 

The total supply of ADA tokens is 45 billion, with 34.18 billion in the current circulation. 

Cardano Live Price Chart

After recovering from the bearish season during the summer of 2021, the price of ADA tokens in September 2021 was at the level of $2.3. At the end of the month, it dropped to $2.0, signifying the upcoming downtrend. At the beginning of October, the ADA token was trading for around $2.2, but while most of the altcoins were bullying, it was slightly declining. By October 23 the Cardano network native asset reached the level of $2.13. 

On October 28 the price of the token dropped to $1.91 and after recovery to $1.97 stayed at this level till November 6. At that time the asset had a short jump to $2.27, and while many investors got excited hoping for a bull rally, the asset didn’t stay that high for more than 2 days and dropped to $2.0 on November 13. It was just the beginning of the downtrend and the price of ADA started to go down more. 

On November 11 the price of ADA was $1.7 and from that time it declined for the whole month. In a little more than a month the token lost over 25% of its price and was trading for $1.2. At the end of December, the token experienced some price correction and reached $1.5 in the last week of December, but after that, the gains were lost, and on January 10 ADA cost $1.18. The token then had another jump to $1.5 and went to a longer downtrend after that. 

It was going along with the overall dominance of the bears on the crypto market, losing the price till the middle of March. At that time the value of ADA reached $0.79. Many tokens on the market went bullish in the second half of March, and this trend was reflected on the ADA token price chart which jumped to $1.2 at the beginning of April. The asset couldn’t maintain the level and started to go down after April 5 and by the beginning of May reached the previous low level and was trading for about $0.76. 

On May 11 the crypto market was hit by the bears and the price of ADA tokens dropped by around 40% reaching $0.47. From that time it stabilized around $0.5 and stayed at the same level till the beginning of June. For a short time, it went up a little reaching $0.55, and then went down again to stabilize at around $0.48. It stayed stable, showing slight signs of the uptrend till the middle of August. On August 15 users paid $0.55 for ADA token, but the price dropped again on August 21. Till the end of the month, the asset traded at around $0.45. In September the value of Cardano increased and the ADA token was traded for around $0.47. 

Despite the fact that the ADA upgrade is upcoming, market analysts don’t see it gaining much value in the long run, while the Vasil hard fork will most likely cause the growth of the price in a short term.  

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Cardano Technical Analysis

Despite the fact that 100% accurate technical analysis for Cardano cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated ADA buy-and-sell rating for selected timeframe. The summary for ADA/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Cardano Price Prediction

Below we have collected the most reliable price projections for Cardano (ADA) from popular forecast platforms.

Cardano Price Prediction for 2023

As for Cardano price predictions for 2023, there are divergent opinions. expects a downturn towards $0.216763, and WalletInvestor echoes with ~$0.027 by the year’s end. Other experts, for example, from TradingBeast, are more enthusiastic about Cardano’s future price, citing upwards of $0.30206 in December.
Potential ROI: -27% Sell

Cardano Price Prediction for 2024

In their Cardano price predictions for 2024, forecasts the coin’s price to go down to $0.209289 by December. Forecasting Cardano future, WalletInvestor expects further decrease of its price, too, saying the Cardano price will reach ~$0.0199 by that time. On the contrary, TradingBeast keeps predicting Cardano price growth, quoting prices around ~$0.411827 in 2024.
Potential ROI: -14% Sell

Cardano Price Prediction for 2025

Cardano price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0.0156–$0.024915 range (WalletInvestor,, while TradingBeast takes a different view and cites the possibility of the price reaching $0.424595 in December 2025.
Potential ROI: -38% Sell

Cardano Price Prediction for 2026 has only pessimism in store for the 2026 Cardano price prediction, valuing Cardano at $0.102153 by the end of 2026. WalletInvestor agrees with a negative forecast and predicts, in turn, $0.005071 for the same period. On the other hand, TradingBeast’s team is more optimistic — their Cardano price prediction for December of this year is just $0.500944.
Potential ROI: -19% Sell

Cardano Price Prediction for 2030

Speaking of long-term Cardano price predictions for 2030, experts present two polar opinions. expresses the view that Cardano price won’t grow further and, opposedly, will decline to $0.102153. WalletInvestor’s price prediction for Cardano echoes with the projection of a downtrend to $0.001623. Despite this, TradingBeast’s vision remains positive, promising growth up to $0.866633.
Potential ROI: 30% Buy
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As it can be clear from the analysis cited above, Cardano (ADA) projections are rather contradictory. There is no universal consensus either about positive or negative future ADA price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Cardano projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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