As crypto seeks to become more energy-efficient, Proof-of-Stake projects attract more and more interest from the community. But Cardano blockchain also utilizes innovative technologies and unique concepts to improve global payment systems. Read our ADA price prediction to get to know more about the potential future of the project.
Swap Tracker
Table of Contents
Cardano Fundamental Analysis
Project name
Cardano
Stock Symbol
ADA
Current Price
0.525
Current Supply
33374981030.78145
Official Website
Cardano is a Proof-of-Stake blockchain network. It is the first platform founded based on peer-reviewed research and developed through evidence-based methods. Its goal is to provide limitless security and sustainability to decentralized applications, organizations, and systems. The vision of Cardano is the improvement of the global payment systems in terms of transparency and the creation of fairer ways of redistribution of power and control.
Cardano redistributes the power from the centralized structures to the margins and individuals and aspires to contribute to positive change and progress. Utilizing science, Cardano creates a more transparent space for the users to transact and exchange, systems to govern, and businesses to scale.
The blockchain uses a unique dual-layer system, consisting of settlement and computational layers. The first layer allows the users to send and receive transactions almost instantly with low fees and the second layer works as a foundation for all the other features of the network.
Cardano blockchain was the first to implement Ouroboro — the first peer-reviewed, verifiably secure protocol that enables platform decentralization. Thanks to Ouroboro Cardano can sustainably scale to the global demands and regulations without compromising security.
The blockchain’s use cases include tracking of the product in agriculture from field to fork, a tamper-proof way of storing the educational credentials, and counterfeit detection for the retailers.
Since the launch of the Alonzo hard fork, the users can also develop and deploy smart contracts on Cardano to build native dApps on the blockchain.
Cardano was founded in 2017 and named after Italian 16th-century mathematician Gerolamo Cardano. The blockchain is powered by its native crypto ADA, named after 19th-century mathematician Ada Lovelace, who is considered to be the world’s first computer programmer. The token ensures that its owner can participate in the network governance. Every ADA holder has a right to vote on the proposed changes to the software.
Cardano Live Price Chart
In 2021 ADA was mainly bullish. Spurred by a bull market cycle at the beginning of the last year, the token was continuously growing and hit $2.3 on May 16. The price went for correction and then was bouncing between $1.3 and $1.8 till mid-June. At the time crypto market was in a general downtrend and was traded for $1-$1.3 till the beginning of August.
At the end of summer, the market started to recover and it boosted ADA price. Moreover, the announcement of the upcoming Alonzo hard fork upgrade caused ADA token price to break the $3 mark and hit the all-time high of $3.1 on September 2.
The asset sustained a high price level just for a couple of days and went for the market correction on September 7. After that ADA stabilized around the level of $2.1 and kept this position till the end of October. But in the first week of November, the asset was pulled off to $2, spiked to $2.2 on November 9, and started its long bearish run.
At the beginning of 2022, the token was traded for $1.3, rose to $1.5 in mid-Jan, and continued to fall. During the last week, Cardano was moving along with the whole crypto market and has lost 13% of its price.
Despite the recent decline of the ADA price chart, analysts consider Cardano as a promising project and expect the token to grow in the future.
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 2022
As of the end of 2022, Cardano price predictions remain predominantly positive, with some analytics promising the price at about $0.61, while WalletInvestor even cites the possibility of the price reaching $1.007 by the end of the year.
Potential ROI:
49%
Buy
Cardano Price Prediction for 2023
According to WalletInvestor, in 2023 Cardano investors should expect price growth to $1.486, which seems a good reason to consider Cardano as an investment option. TradingBeast, in turn, predicts the price increasing to $0.742722, and PricePrediction.net agrees with a predicted growth to $0.87.
Potential ROI:
97%
Buy
Cardano Price Prediction for 2024
The experts are unanimous in their Cardano price forecasts for 2024 — everybody expects Cardano’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $1.02459. According to WalletInvestor’s research, Cardano’s price can go up to $2.104. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 Cardano’s price will be about $1.29.
Potential ROI:
181%
Buy
Cardano Price Prediction for 2025
Both TradingBeast and WalletInvestor predict the Cardano market to grow in 2025, resulting in $1.214312 and $2.959 by the end of the year respectively. Other Cardano price forecasts support the idea: PricePrediction.net forecasts Cardano to reach $1.93 by December 2025.
Potential ROI:
288%
Buy
Cardano Price Prediction for 2030
Most experts are expecting an encouraging future for Cardano: long-term Cardano price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $1.833611, while WalletInvestor goes for $2.75187. PricePrediction.net also puts big hopes on Cardano in the long term: its Cardano prediction for 2030 is $13.92.
Potential ROI:
1075%
Buy
Summary
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.
