Home Cryptocurrency Cardano (ADA) Price Prediction 2024 – 2030
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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Cardano is a distinguished project with immense potential beyond its trading asset value. Founded on diligent academic research that underwent peer review, Cardano has cultivated a robust community over time.

Its technical ability and the team’s vision have positioned ADA among the premier cryptocurrencies globally.

This analysis digs deeper into where the Cardano cryptocurrency originated and how it has changed. We will additionally discuss what we think the price of ADA will be in 2023-2030.

It’s important to realize that predicting the price of a cryptocurrency is essentially a guessing game.

Cardano ADA

Cardano Price Prediction Summary

  • Cardano is expected to rise by 1.33% to $0.318530 by July 26, 2023.
  • Cardano’s past prices indicate that the lowest price for Cardano in 2024 will be approximately $0.291488.
  • ADA’s current technical sentiment is bearish.
  • The Fear & Greed Index of Cardano is at 50 (neutral).
  • In the last month, Cardano has had green days 50% of the time.
  • Cardano has 5.63% price volatility over the last 30 days.
Year Minimum Price Average Price Maximum Price
2023 $0.291 $0.305 $0.319
2024 $0.313 $0.372 $0.349
2025 $0.573  $0.593 $0.666
2030 $3.84 $3.97 $4.73

Cardano Price History

Based on recent data, Cardano is currently priced at $0.31 and holds the 7th position in the global cryptocurrency ranking. The circulating supply of Cardano stands at $11,012,835,286.60, with a market capitalization represented by 34,986,716,729 ADA.

Over the past week, ADA has exhibited a positive trend, appreciating by 9.17%. The recent momentum displayed by Cardano suggests promising potential, presenting a potentially opportune moment for investment consideration.

What is cardano

ADA’s price has risen by 13.58% in the preceding month, adding an impressive average of $0.04 to its current valuation. Such notable growth indicates that the coin could become a valuable asset if this trajectory persists.

Established in 2015, Cardano made its debut in 2017. As per CoinMarketCap data, the initial price of Cardano’s coin was $0.02461. In early February 2021, Cardano (ADA) experienced a notable price increase, almost doubling in value within a week, driven by significant investor interest. 

Post the 2018 bullish phase, there was a notable retracement, with the price predominantly trading under $0.10 throughout 2019.

However, in 2021, correlating with broader market trends, Cardano witnessed a significant upswing, culminating in an all-time high (ATH) of $3.10 in September 2021.

Recently, the SEC initiated legal action against Binance and Coinbase, accusing them of selling unregistered securities. Within these allegations, Cardano was categorized as a security.

After this litigation, ADA’s price has seen a substantial decline, currently reflecting a 31% reduction.

Cardano Price History Key Points:

  • Cardano was found in 2017 for $0.02461.
  • ADA experienced a peak after its launch, at $0.997, subsequently entering a bearish phase in 2019.
  • In 2021, ADA witnessed a new all-time high (ATH) of $3.10. 
  • Analyzing the past year, ADA recorded a net decrease of 40.18% in its price.
  • The one-year high and low for ADA were $0.56 and $0.24, respectively.
  • Following the SEC’s classification of Cardano as a security, the price declined by 31%.
  • In the recent 24-hour window, ADA’s price shifted by -1.21%.

Cardano Price Prediction 2023

Based on a technical analysis for 2023, Cardano’s price is projected to be at a minimum of $0.291 and could peak at $0.323, with an anticipated average trading price of around $0.354.

Drawing from early 2023 price trends, specialists in the crypto domain anticipate an average ADA rate of $0.305 for July 2023. It has potential lows and highs at $0.291 and $0.319, respectively.

The recent incidents in June have affected Cardano’s prediction. The SEC’s allegation of ADA as security led to the cryptocurrencies’ volatility which indicates the bearish trend over the past month.

However, Cardano experienced a notable uptick following the favorable judicial verdict on July 13 in the Ripple (XRP) case against the SEC. This unexpected price jump has piqued investor interest regarding potential subsequent appreciations.

Three main drivers support Cardano’s upward trajectory: its capability to assimilate other blockchains, a surge in decentralized application activities, and reduced regulatory threats. Furthermore, Cardano is proactively promoting the global adoption of decentralized technology.

Finally, with the completion of CIP-1694 in sight, the future of Cardano appears brighter. On July 13, a significant occurrence left investors wondering if ADA could continue its extraordinary price climb of 23.9%.

Month Potential Low Average Price Potential High
August 2023 $0.303 $0.324 $0.345
September 2023 $0.294 $0.307 $0.319
October 2023 $0.321 $0.315 $0.308
November 2023 $0.316 $0.328 $0.340
December 2023 $0.338 $0.346 $0.354

Cardano Price Prediction 2024

Based on our Cardano price projection, ADA is anticipated to have a trading range between $0.291488 and $1.567453 in the upcoming year. Should it achieve its upper target for 2024, Cardano will witness a growth of 400.69%, reaching $1.567453.

On a serious note, I inquired ChatGPT regarding the prospective trajectory of Cardano. ChatGPT projects that Cardano will emerge as one of the leading cryptocurrencies in 2023, experiencing notable price escalations.

I initiated a basic query for GPT – to integrate the Relative Strength Index (RSI) with moving averages to buy and sell indicators for intra-day traders.

After several preliminary requests, the criteria were refined: Purchase only when the RSI surpasses 50, and employ Fibonacci numbers 13 and 21 as the periods for moving averages. Below is the solution provided by the model –

cardano price prediction 2024

Projecting into 2024, Cardano is anticipated to sustain its upward momentum, further establishing its foothold in the blockchain arena.

As it accomplishes pivotal milestones, encompassing the deployment of smart contracts and ongoing ecosystem expansion, Cardano might garner increased interest from both users and developers.

Considering market dynamics and the prospects for heightened adoption, several specialists project that ADA’s value might oscillate between $0.30 and $1.65 by 2024’s conclusion.

Such a forecast predicates Cardano’s consistent technological advancements, the acquisition of impactful collaborations, and sustained investor confidence.

XRP’s performance indicates that digital assets can appreciate despite ongoing litigation with the SEC. However, it’s noteworthy that XRP has not reached a new all-time high (ATH) post-litigation initiation. 

Furthermore, a verdict favoring the SEC in the XRP lawsuit could establish a significant precedent in the cryptocurrency sector, potentially leading to a devaluation of cryptos under the SEC’s scrutiny.

It’s imperative to factor in that the dynamic between the SEC and the crypto domain remains fluid, and the outcomes are uncertain.

Cardano Price Prediction 2025

After conducting technical analysis on Cardano’s prices, Cryptocurrency experts project that by 2025 ADA’s price range will be approximately between $0.82 and $0.95, with an anticipated average trading price of $0.85.

According to TradingBeasts, a crypto education platform, their outlook on ADA’s price leans neutral to bullish for the foreseeable future.

Their forecast suggests a closing price of roughly $0.42 for the current year and an incremental appreciation towards the year-end in 2023. From their perspective, Cardano’s price will stabilize above $0.66 in 2025.

On the other hand, WalletInvestor has a more pessimistic view of ADA. They forecast a decline to $0.02 by the end of 2023, with an average price of $0.01 in 2024.

Their long-term price prediction for ADA in 2025 is $0.02; by 2028, it will be $0.011.

cardano price prediction 2025

Digital Coin Price, known for its conservative predictions, sees Cardano as a rapidly advancing technology slated for broader adoption. However, they also point out potential drawbacks that might restrict its price growth.

They project ADA to appreciate to $0.51 by March 2023, settling around the $0.8 mark later in the year, with a potential peak at $0.87.

Gov Capital presents a more optimistic scenario. Their short-term outlook suggests ADA crossing the $1 threshold by this August. Their one-year forecast positions ADA at approximately $1.5236012870277, while a five-year view puts it nearing $7.955.

From a development perspective, research entity Input Output Hong Kong (IOHK) highlights Cardano’s objective to pioneer “RealFi.”

This concept aims to integrate decentralized finance (DeFi) into mainstream applications, targeting those who currently find DeFi inaccessible. Cardano aims to offer a global, seamless, cost-effective value transfer system.

However, a word of caution: Prospective ADA (Cardano) investors should undertake diligent research. This involves considering the latest Cardano updates, market dynamics, technical and fundamental analyses, and expert consultations.

When investing in funds, it’s essential to accept the risk involved and understand that past performance doesn’t necessarily predict future results.

ADA Price Prediction 2030

Industry analysts have released their Cardano (ADA) price predictions for the coming years. For 2030, they anticipate a peak ADA price of $6.41, while a potential decline could bring its value to approximately $5.23, averaging a trading price of $5.42.

In earlier projections, analysts expected ADA’s price to descend to $0.3327 by June 2023, possibly recuperating to $0.6925 by April.

The 2025 prediction places ADA at $1.10, albeit with a potential decline to $1.06 by April 2028. By the close of 2030, a resurgence to $2.75 is anticipated, with a long-term prediction for 2040 estimating a value of $5.4.

The Cardano development trajectory is structured into five phases: Byron, Shelley, Goguen, Basho, and Voltaire. Each stage encompasses a series of functionalities to be rolled out over multiple software releases.

Although the Cardano phases are sequentially launched, development efforts often co-occur, encompassing research, prototyping, and actual coding across the various strands.

The specifics of each step, representing cumulative years of struggle, can be accessed on its designated page. These pages offer insights into the objectives, core components, related academic research, status updates, and real-time coding contributions.

Cardano Development operates as an incubator and a fund manager, specializing in pioneering solutions that bolster sustainable financial sector development and local capital markets. 

In collaboration with Evenpar, Cardano Development will offer essential back- and mid-office services, including legal assistance, compliance oversight, reporting, and administration.

The alliance between Cardano Development and Evenpar is of significant value, given the harmonious integration of their skill sets. 

Cardano Development contributes its expansive industry expertise, global connections, and a successful history in sustainable solution implementation.

In contrast, Evenpar offers innovative viewpoints and a genuine commitment to instigating positive shifts.

Collectively, this partnership aims to foster innovation, enhance scalability, and ensure lasting contributions to the financial sector.

Cardano aspires to be an Ethereum version offering enhanced security, decentralization, and scalability. Its success is yet to be determined, but recent developments indicate promising advancements.

Estimated Peaks and Lows of Cardano

While Cardano has its challenges, it stands out as a leading altcoin with significant promise. The following table illustrates the coin’s anticipated maximum and minimum values from 2023 to 2030.

Year Minimum Price Maximum Price
2023 $0,112 $0.2829
2024     $0.35 $1.55
2025 $2.1 $3.50
2030   $2.80 $6

What do Other Analysts Predict for Cardano

The predictions of different people and platforms in the crypto world are essential to determine how cryptocurrencies will change. Forecasts aren’t always correct, but we’ve compiled what other experts have told us.

AMB Crypto, a site for crypto news and analysis, made a short-term prediction about ADA by saying its price will rise to $0.061 in September 2023.

What others predict for cordano

On the other hand, Changelly, a well-known cryptocurrency tracking site, said that Cardano could drop to -3.2%, putting it at its lowest point in July 2023.

CaptainAltCoin thinks Cardano (ADA) will be worth about $0.45 in the fourth quarter of 2023. Also, this platform’s long-term forecasts show that prices could be as low as $0.9545 in 2025, as high as $2.39 in 2030, and as high as $4.77 in 2040. 

Coinpedia’s analysis indicates that, buoyed by positive shifts in investor sentiment, Cardano’s (ADA) price is poised to surpass the $0.50 mark, potentially reaching a high of $0.669 by the conclusion of 2023. 

Conversely, factors such as a global economic downturn or heightened selling pressures stemming from US inflation concerns could adversely affect ADA’s valuation, potentially causing it to drop to a low of $0.40.

Storm gain’s analysis suggests that the year may benefit the cryptocurrency if Cardano (ADA) solidifies its stance as a viable investment in 2023. Their positive forecast places ADA at a potential high of $0.5256 in 2023, while a more conservative estimate indicates a possible low of $0.2393.

What is Cardano, and What is it Used For?

Cardano (ADA) represents the native cryptocurrency of its namesake proof-of-stake blockchain, established in 2015 by Charles Hoskinson, co-founder of Ethereum.

The Cardano Foundation aims to provide a platform to forward-thinkers and innovators, facilitating their endeavors to enhance global conditions.

In this pursuit, the foundation is developing an interoperable, scalable multi-asset ledger integrated with a platform designed for verifiable smart contracts.

Cardano is designed to support the growth of decentralized applications, DeFi solutions, tokens, and other tools in a scalable and sustainable manner. 

With Cardano, users can:

  • Generate, dispatch, and receive native tokens and NFTs (non-fungible tokens).
  • Attach metadata to transactions, providing them with context and identification.
  • Utilize transaction metadata to verify data, digital assets, or tangible items.
  • Establish and oversee personal staking pools within the Cardano network.
  • Incorporate Cardano’s technology seamlessly into pre-existing platforms and websites.
  • Develop bespoke smart contracts.

Cardano Overview

ADA stood out as one of the top-performing altcoins in the recent bullish phase. Yet, its price has declined, and its future recovery remains uncertain. Here’s a summary of Cardano’s current price indicators.

Cryptocurrency Cardano
Ticker Symbol ADA
Rank 7
Price $0.31283300
Price Change 24H 0.58%
Market Cap $10,911,886,179.00 
Circulating Supply 34,989,380,726 ADA
Trading Volume 24H $194.27 
All-Time High $3.10
All Time Low $0.01925275

What Influences Cardano’s Price?

Cryptocurrencies are in the limelight with their transformative potential for global financial systems. Cardano (ADA) stands distinct among the myriad options with its third-generation blockchain and two-tier architecture.

Since its launch in 2017, Cardano, though ambitious in addressing scalability, security, and sustainability concerns, has faced its share of volatility. A deeper examination of the factors influencing its growth trajectory is merited.

What Influences Cardano’s Price

From its debut in October 2017 to an all-time high of $3.10 in September 2021, Cardano marked a remarkable growth of 11,350% from its $0.03 low in 2018.

Cardano’s performance is deeply intertwined with the broader crypto market’s health. By November 2021, the market showed signs of overextension; by 2022, a correction seemed almost inevitable. Setbacks in significant cryptocurrencies like Terra-Luna and FTX further impacted this sentiment.

External factors, like the geopolitical strain in Ukraine and mounting global inflation, negatively influenced the market mood, intensifying the bearish trend. The worldwide economic scenario plays a pivotal role in shaping the fate of cryptocurrencies, including Cardano, by steering investor sentiment and risk tolerance.

Recent legal scrutiny by the United States Securities and Exchange Commission (SEC) spotlighted Cardano and its ADA token, suggesting its potential classification as a security during proceedings against exchanges like Coinbase and Binance.

However, it’s crucial to note that while staking offerings might be viewed as securities, this does not directly threaten Cardano or its affiliated entities.

Is Cardano a Good Buy?

Using Cardano’s all-time high as a reference, ADA’s price would need a tenfold surge from its present valuation to revisit that peak. Thus, acquiring ADA at its current rate might be advantageous if you’re confident in the project’s long-term prospects.

However, conducting your research before initiating any trade is essential.

Even though the Cardano ecosystem looks like it will grow and make ADA a possibly profitable cryptocurrency, you can’t ignore what the SEC has said. Such claims could have a significant effect on the price of Cardano.

Final Thoughts

Cardano is recognized for its strategic vision and systematic development approach. Fundamentally, Cardano retains significant growth potential, given the numerous pivotal milestones it is yet to achieve.

Expert predictions show that the price of ADA could go in a good direction. This is because the network keeps getting better.

As Cardano becomes more popular, people will likely want more ADA, which could raise its market value.

Ultimately, it’s essential to know that our predictions about Cardano’s price are based on our forecasting tools and are not set in stone. Forecasts can change based on how things change, and changes will be made as needed.

Before making an investment choice, it’s essential to research and think about everything that matters.

FAQs

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Andrew Gunn Crypto Expert

Andrew Gunn Crypto Expert

Andrew Gunn is an accomplished and passionate writer with an insatiable curiosity about tech and crypto. With a flair for words and an innate ability to make complex concepts accessible, Andrew has established himself as a prominent figure in the tech and cryptocurrency writing sphere.

From a young age, Andrew Gunn immersed himself in the world of technology, captivated by the rapid advancements and their potential to transform lives. This fascination sparked a lifelong journey of exploration, research, and writing about the latest trends, innovations, and breakthroughs in the tech industry.