Cardano price prediction: what price will the peer-reviewed Crypto reach?

by PrimeXBT
Reviewed by Tony Severino

Cardano was late to the Crypto market compared to many others, but the altcoin Crypto asset is brimming with innovation, giving it incredible projected growth which fueled early hype and price growth. Cardano potential is still extremely high, if not higher than before, making future Cardano’s price horizon seem very promising.

The difference between Cardano and other “challenger coins” or altcoins (as they are more commonly called) is that it’s not only a virtual decentralized currency, but it is also a network that offers many of the features Ethereum’s blockchain network offers, like smart contracts.

This makes it extremely popular on the Crypto Market, with some even wondering if it has the capability to surpass Ethereum’s popularity when making a Cardano price prediction.

Cardano ADA’s founder

This shouldn’t be surprising, considering Cardano’s creator is none other than the co-founder of Ethereum, Charles Hoskinson. This fact should also be considered when making a Cardano price prediction, since Hoskinson brings a certain prestige and authority to the project.

Cardano, supply and demand

Adding to this speculation is the fact that Hoskinson created Cardano to solve many of the problems Ethereum has, to the point were the creator even calls Cardano an updated version of Ethereum. How does this affect Cardano’s price? Remember the market’s fundamental rule is – supply and demand. And the Cryptocurrency Markets aren’t immune to this rule. If more people are talking, researching and ultimately purchasing Cardano, the higher its price will go. Something else that feeds into a Cardano price prediction is the number of users on the network since all the transaction fees are in ADA.

But these are hypothetical scenarios related to Cardano price prediction. This guide aims to provide a variety of ADA price predictions for this year and beyond from top Crypto market experts and more. And to answer the most important burning questions related to Cardano projected growth, such as “should I invest in Cardano?” “is Cardano a good investment?” or “how high will Cardano go?”, and hopefully help you with your investment decisions. Additionally, it’s helpful to do your own research when trying to make an ADA price prediction; remember, when trading, the more data, the better!

ADA Overview

Today (17 July 2024) ADA (ADA/USD) is trading at $0.4459 per ADA, with a market cap of $16124788861 USD.  24-hour trading volume is $407548045 USD. ADA price has changed by 1.9% in the last 24h. Circulating supply is 35886921794 ADA.

Cardano price prediction for 2024


Experts’ opinion on ADA price forecast in 2024

Experts’ Cardano price prediction is saying that prices may drop to $0.7257, with a maximum Cardano price prediction reaching $0.8686. The ADA price prediction expects an average price of $0.7515 throughout 2024.

That means the question on many ADA traders’ lips from last year, “Will Cardano recover?” will probably be answered in 2024.

Although these figures may seem conservative, they are much higher than Cardano’s average price currently, which sets up ADA for conservative gains in the future.

Smaller incremental gains maybe better for the stability of and longevity of the coin and the network at large.

Saying Coinjournal is much more bullish on their Cardano price prediction would be a huge understatement. They expect impressive, in fact, heroic gains – in the region of $10.62. Judging from their previous price prediction of $7.09 in 2023 which we all know was never reached, and ADA’s highest price being $3.159 reached in 2021.

Now, if the Crypto actually reaches the $10.62 mark, that would mean a 2045.45% increase. What you need to ask yourself is if your apprehension is enough to miss out on such a potentially profittable opportunity?

Just make sure to do your own research, to confirm any information you may be receiving before making investment decisions.

Cardano Price Prediction for 2025


Cardano price forecasts for 2025 from Experts

Coinpedia has a more reasonable Cardano price prediction, expecting Cardano’s price to climb to $1.81 and $2.42, with the average price moving in the region of $2.115.

Positive Cardano forecast

Technopedia also seems to follow Coinpedia’s prediction with a positive outlook, reaching $2.80 by the end of 2025 and relatively conservative lows of $2.80.

Of course, Technopedia adds that Cardano’s price increase is dependent on the growth of the network, the avoidance of legal issues, the correlation with the general Cryptocurrency market, and a healthy global economy. The average price will also be affected by these factors.

Long-term Cardano price prediction 2026 – 2030

Cardano price prediction: what price will the peer-reviewed Crypto reach? - 8366f0a3 dd88 421f a093 5e75401f967d

When the market does recover, Cardano could be on track to take out $10, and re-enter price discovery with no real resistance to speak of. How far ADA climbs is anyone’s guess.

About Cardano

Cardano is the world’s first ever academic, peer-reviewed decentralized blockchain solution and ADA is the native Cryptocurrency that powers that protocol.

Charles Hoskinson, Founder of Cardano and ADA

Cardano and ADA were created by ex-Ethereum co-founder Charles Hoskinson. Charles Hoskinson is yet another pioneer in the Cryptocurrency space, working to push overall adoption forward. He has played an important role in the early phases of the industry.

Although he is heavily focused on Cardano, he is also the director of The Bitcoin Education project that supports the first ever Cryptocurrency.

Hoskinson studied math and cryptography at the University of Colorado and applied his knowledge to the projects he has worked on.

As mentioned previously, the authority that Hoskinson’s name brings to the project will undeniably help the Cardano ADA price. When making investment decisions, the people involved or invested in a project can have an immediate effect on the price of the asset.

Hoskinson and Cardano’s significant potential

There’s an additional effect at play here, though. Hoskinson’s name and pedigree will inevitably attract developers to the Cardano ecosystem and blockchain. These developers will work on their own token standards and help in developing advanced features for the network at large.

The network will also obviously be hosting smart contracts and dApps that take advantage of them.

And all of these developments are fueled by ADA transaction fees. How do you think that will inform an ADA price prediction?

What is Cardano coin (ADA)? A third-generation blockchain

Cardano uses a powerful proof of stake consensus algorithm called Ouroboros to secure the blockchain. It is uniquely designed to head on address the scalability issues associated with Bitcoin, Ethereum, and other gen 1 and gen 2 blockchains.

Although it is vastly different, it more closely resembles Ethereum with its focus on smart contracts. However, it claims to offer many advanced features over other blockchains.

Cardano takes a scientific philosophy and research-driven approach and even had its product peer-reviewed by a number of universities before its release.

The development team itself is packed with some of the most respected researchers, cryptographers, and engineers.

What is Daedalus when talking about Cardano?

While ADA coin can be stored on a Ledger, Trezor, exchanges, or nearly any platform wallet, its native wallet is called Daedalus.

The project is supported by the Cardano Foundation, Input Output Hong Kong, Emurgo, and a wide variety of partners and universities.

Cardano focuses on functional programming, formal development methods, and prototyping to ensure the future of the project is sound.

It is also one of the altcoins with the most clear and well-defined roadmap. The Cardano future is bright. Learn more here 

Cardano price history and long-term price potential

Cardano’s first price action was recorded in late 2017 and early 2018, so the relatively new altcoin is still well within price discovery mode. So Cardano’s price is trying to find its fair market price and value.

This was during the Crypto hype bubble of late 2017, which caused the Crypto industry to be put on the map and made them a household name.

This also caused volatility which made making a price prediction challenging, even more so when making a Cardano price prediction that was a relatively new token at the time.

Hype, buzz or just the fundamentals at work?

Because the tech has such long-term price potential and hype, the initial buzz, Cardano news, and speculation drove ADA prices from just $0.02 in October 2017 to highs reaching $1.33, at its now-former all-time high set on January 4, 2018. Investors were left in shock, wondering why Cardano was going up.

Cardano price prediction: what price will the peer-reviewed Crypto reach? - 1aa8f93f 42a8 4a69 b496 d015797f384c

After that, ADA fell to as low as $0.025 just recently on Black Thursday in March 2020. The devastating crash rocked all of Crypto and other markets, so ADA wasn’t spared either.

Luckily, more recently, as most Cryptos rallied so did ADA, and its average price has floated around $0.40 and $0.45 since, as you can see in the chart above.

Before that, however, Cardano ADA price set a temporary low in 2018 at $0.03 and reached the same Cardano value again in 2019 at the deepest low. The high for 2019, was just $0.10 making it a stagnant year for Cardano.

During the bear market, investors were asking why is Cardano going down and when will this downtrend finally come to an abrupt end?

Cardano’s price may fluctuate, but Cardano as a technology offers a unique two-layer architecture, with current developments creating decentralized applications, and is constantly adding new features.

And all of this is fuelled by the network’s native token – to the joy of ADA holders worldwide.

Cardano’s price breakout 2020

In 2020, Cardano had another massive breakout with the rest of the Cryptocurrency industry. It also set a new all-time high at more than $3 per ADA coin. Since then, it has retraced back to around $2.17.

Cardano price prediction: what price will the peer-reviewed Crypto reach? - 4321f12a 5e7a 4f0f adae c32aaf7609de

What highs are yet to come for ADA coin is anyone’s guess, but this guide provides many ADA price predictions both from Crypto industry experts and through detailed technical analysis that can help predict future price movements.

ADA historical price changes

Cardano price prediction: what price will the peer-reviewed Crypto reach? - cdf0c5e1 d89a 4be8 838f a1502ccf9b83

DateOpenHighLowClose*Adj Close**Volume
Jan 22, 20240.5031550.505060.4937980.4969580.496958266,383,824
Jan 01, 20240.5941870.6367040.4681860.5031510.50315110,927,235,259
Dec 01, 20230.3758910.6778050.3744830.5942050.59420526,535,656,638
Nov 01, 20230.2931260.4085250.2853190.3758950.37589511,376,278,045
Oct 01, 20230.2540430.3046140.2406560.2931070.2931074,966,422,353
Sep 01, 20230.2553680.2594660.2376260.2540470.2540473,458,695,073
Aug 01, 20230.3074850.3112680.2457950.2553730.2553736,405,804,890
Jul 01, 20230.2869570.374710.2770930.3074880.3074888,553,875,549
Jun 01, 20230.3744140.3817350.230420.2869560.2869569,048,009,355
May 01, 20230.3972810.3977470.3512080.3744030.3744035,991,689,968
Apr 01, 20230.398880.4605620.3728750.3973540.39735410,938,616,032
Mar 01, 20230.3525260.4079380.2984840.3989230.39892312,065,442,907
Feb 01, 20230.3908630.4191820.3468960.3524540.35245410,145,100,889
Jan 01, 20230.2464140.3986750.2442450.3909260.39092612,124,133,561
Dec 01, 20220.3188910.3287560.240350.2464660.2464666,042,560,515
Nov 01, 20220.4062890.4362140.2972880.3188830.31888314,410,448,708
Oct 01, 20220.4344290.437220.3309940.4063360.40633616,115,138,828
Sep 01, 20220.4466770.5234930.4264140.4344140.43441421,828,874,969
Aug 01, 20220.5170510.5938980.4276820.4466650.44666522,116,550,071
Jul 01, 20220.4593120.5512180.4064370.517020.5170227,857,760,810
Jun 01, 20220.6254170.6660990.4234190.4588490.45884934,841,447,479
May 01, 20220.7567010.9041110.4065290.6252540.62525438,224,922,384
Apr 01, 20221.1419521.2403580.7423590.756660.7566629,127,094,993
Mar 01, 20220.9598861.2428650.7819081.1418511.14185141,482,902,313
Feb 01, 20221.0522361.2578160.752810.9598280.95982841,803,253,326
Jan 01, 20221.310131.6312980.9333971.0523031.05230359,144,644,694
Dec 01, 20211.5528191.7568631.1878811.3102091.31020955,621,974,811
Nov 01, 20211.9649622.3759141.4336181.5549031.55490379,882,611,746
Oct 01, 20212.1162492.3696561.833421.9650261.96502685,909,279,864
Sep 01, 20212.7699473.0991861.923282.1144522.114452152,163,558,180
Aug 01, 20211.3199582.9673981.2631892.7724752.772475157,094,718,355
Jul 01, 20211.3838141.4937171.0214331.3223451.32234549,070,969,540
Jun 01, 20211.7384471.888651.0029851.3834721.38347292,189,659,135
May 01, 20211.3524312.4617661.0280311.7427781.742778225,790,700,991
Apr 01, 20211.1935531.5577610.9352271.3524491.352449126,250,958,948
Mar 01, 20211.3097921.4731550.9930521.1932641.193264167,521,776,104
Feb 01, 20210.3448171.4766530.3341941.3080591.308059242,699,671,996
Jan 01, 20210.1813820.3956530.1692330.3448980.344898104,668,145,607
Dec 01, 20200.1713670.196170.127420.1813970.18139736,178,893,705
Nov 01, 20200.0930560.1820660.0880480.1713080.17130833,187,119,844
Oct 01, 20200.1011560.1141370.0898960.0930560.09305623,297,753,518
Sep 01, 20200.122610.1273590.0758860.1010620.10106219,217,118,369
Aug 01, 20200.1387980.1520140.1044090.1226880.12268811,213,878,959
Jul 01, 20200.0831120.1537050.0825330.1387980.13879812,815,245,743
Jun 01, 20200.0742440.0900890.069770.0831160.0831168,447,642,212
May 01, 20200.0478260.0860290.0450030.0743520.0743526,605,129,771
Apr 01, 20200.0305530.0542570.0295550.0478460.0478463,294,150,157
Mar 01, 20200.0475060.0523070.019130.0305530.0305533,151,735,350
Feb 01, 20200.0538360.072070.0465110.0475410.0475414,811,864,912
Jan 01, 20200.0328320.0573020.0324480.0537930.0537932,395,824,095
Dec 01, 20190.0404260.0404260.0308850.0328450.0328451,113,717,135
Nov 01, 20190.0416450.0466520.0333360.0404250.0404252,066,915,883
Oct 01, 20190.0388860.0445530.0357860.0416360.0416361,711,709,811
Sep 01, 20190.0449520.0549210.0356430.0388850.0388851,997,271,767
Aug 01, 20190.060160.0602880.0433960.044990.044991,604,194,409
Jul 01, 20190.0820980.0858950.0500710.0601520.0601522,882,192,253
Jun 01, 20190.0894620.106910.0776310.0820980.0820985,382,517,625
May 01, 20190.0703380.1004020.0591060.0894410.0894413,833,326,637
Apr 01, 20190.0696510.0999580.0642040.0703460.0703463,134,322,049
Mar 01, 20190.0431120.0737120.039830.0697460.0697461,661,006,752
Feb 01, 20190.0384410.050460.036060.0431230.043123571,352,412
Jan 01, 20190.0409840.0546360.0370440.0383740.038374865,566,271
Dec 01, 20180.0389910.0492820.0273930.0410630.041063902,023,730
Nov 01, 20180.0696980.081310.0327980.0389160.038916960,158,511
Oct 01, 20180.0852920.0881690.0678830.0697050.069705907,604,000
Sep 01, 20180.1018770.1089010.0617080.0851950.0851952,231,358,800
Aug 01, 20180.1430860.1450380.0869510.1021960.1021961,976,704,700
Jul 01, 20180.1382640.192930.1231540.1432970.1432973,252,586,700
Jun 01, 20180.2245330.2367610.1146740.1376710.1376712,424,286,712
May 01, 20180.3429530.3897490.1740020.2252140.2252144,809,903,016
Apr 01, 20180.1565970.3879010.1413430.3433180.3433187,320,876,484
Mar 01, 20180.3119730.3177230.1270460.1559190.1559194,703,829,784
Feb 01, 20180.5159120.5353220.2665230.3125810.31258112,792,129,936
Jan 01, 20180.7188471.327210.440620.5193150.51931517,091,618,144
Dec 01, 20170.1166220.7773850.0991360.7196950.7196955,302,134,228

Is Cardano a good investment or not?

Price predictions aim to provide investors and traders with a look at Cardano’s growth, continued growth and projected value. After years of going down, ADA is ready to increase in price once again and show the true potential we all know Cardano is capable of.

The new kid on the blockchain

Cardano is also fairly new, which means investors and traders can get in early, and become among the few that experience the greatest financial upside.

At the same time, making a Cardano price prediction or an ADA price prediction, to be exact, maybe a bit more challenging, though, due to the lack of historical price data.

But always do your own research or as the Crypto community says “DYOR” (do your own research).

PrimeXBT and Cardano

Cardano is a Cryptocurrency asset, much like Bitcoin, Ethereum, Litecoin, EOS, and Ripple – all of which are offered at PrimeXBT. PrimeXBT is a Bitcoin-based award-winning margin trading platform offering exposure to Forex, Commodities, Stock Indices, and Crypto assets like Cardano, under one roof.

The platform features extensive learning materials via an always on Help Center, and provides 24/7 customer support via live chat.

Hopefully, with the helpful educational material, you’ll be able to carry out analysis, speculate on Cardano’s price, and even make an accurate price prediction.

Advanced trading tools and features such as long and short positions, stop loss orders, take profit orders, and built-in charting software are available for professional traders who desire the best.

Leverage is offered on all of the available assets and lets traders protect their capital by multiplying small amounts to become large, powerful positions that drive massive profits. A small, 5% move can turn into 5,000% with up to 1000x leverage offered by the platform.

After the Crypto bubble popped, ADA fell into a bear market. By using the tools offered by PrimeXBT to make a Cardano price prediction, a trader could short the asset in a downtrend, making money from falling prices. Once things turn around, a long position would take advantage of any bullish upside.

Registration takes less than 60 seconds. Once registered, users can try trading any of the assets offered on the platform or can opt to build a diverse portfolio of many lucrative assets.

FAQ: Frequently Asked Questions

Will Cardano hit $10?

Cardano could be on track to take out $10, and re-enter price discovery with no real resistance to speak of. How far each ADA climbs is anyone's guess.

Why is the ADA coin price going up?

The fundamental catalyst behind the surge in ADA price is the rise in the issuance of native assets on the Cardano network.

How high can Cardano go?

Most optimistic bullish long-term Cardano price forecast could be anywhere from $20 – $40


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