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.
This guide aims to provide a variety of ADA price predictions for 2023 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?”
Today (4 December 2023) ADA (ADA/USD) is trading at $0.401 per ADA, with a market cap of $14117111921 USD. 24-hour trading volume is $544008170 USD. ADA price has changed by 1.5% in the last 24h. Circulating supply is 35311232552 ADA.
Cardano Price Prediction for 2022 from Crypto Experts
The forecasted Cardano price at the end of 2022 is $0.80 – and the year to year change -40%. The rise from today to year-end: +56%. In the first half of 2023, the Cardano price will climb to $0.88; in the second half, the price would add $0.05 and close the year at $0.93, which is +81% to the current price.
With continuous improvements in the Cardano ecosystem, we can say that 2022 is a good year for ADA. For this reason, the bullish price prediction of Cardano in 2022 is $4.49. On the other hand, the bearish ADA price prediction for 2022 is $1.26.
Cardano Price Prediction for 2023
Expert’s Opinion on future price of Cardano in 2023
After the analysis of the prices of Cardano in previous years, it is assumed that in 2023, the minimum price of Cardano will be around $0.85. The maximum expected ADA price may be around $1.01. On average, the trading price might be $0.87 in 2023.
According to our forecasts, the Cardano price is going to increase. Now the Cardano price is $0.4428070, but by the end of 2023, the average Cardano price is expected to be $0.6142372.
Cardano Price Prediction for 2024
Expert’s Opinion on ADA price forecast in 2024
According to the Cardano forecast price and technical analysis, in 2024 the ADA price is expected to cross an average price level of $1.29, the expected minimum price value of Cardano by the end of the current year should be $1.25. Moreover ADA can reach a maximum price level of $1.46.
If the pattern continues, the price of ADA might reach the resistance level of $1.25 & $3.16. If the trend reverses, then the price of ADA may fall to $0.4040.
Cardano Price Prediction for 2025
Cardano Price Forecast for 2025 from Experts
Future price of the asset is predicted at $4.75 for 2025 according to our prediction system.
In 2025, Cardano will trade at a minimum of $3.68 and a maximum of $4.38. The average price is estimated to be $3.81.
Long-Term Cardano Price Prediction 2026 – 2030
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 each ADA climbs is anyone’s guess.
Cardano is the world’s first ever academic, peer-reviewed decentralized blockchain solution and ADA is the native cryptocurrency that powers that protocol.
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 and 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 those learnings to the projects he has worked on.
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.
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 and 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 into a household name.
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 as high as $1.33 at its now-former all-time high set on January 4, 2018. Investors were left in shock, wondering why Cardano is going up.
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 all other markets, so ADA wasn’t spared either.
Before that, however, Cardano set a temp 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?
In 2020, Cardano had another massive breakout with the rest of the cryptocurrency industry, and is now back in the top ten cryptocurrencies by market cap to start 2021. 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.
What highs are yet to come for ADA coin is anyone’s guess, but this guide will provide 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’s all-time high price was $3.10 in September 2021. Here’s a look at Cardano’s price history from 2020 until now.
Conclusion: Is Cardano a Good Investment Or Not?
All of the above long term price predictions aim to provide investors and traders with a look at Cardano growth and projected value. After years of going down, ADA is ready to increase in price once again and show the true Cardano potential we all know the powerful asset is capable of.
Cardano is also extremely new, which means investors and traders can get in very early still, and become among the few that experience the greatest financial upside.
To review the price predictions thus far, the below table offers a snapshot broken down by year.
Cardano is a cryptocurrency asset, much like Bitcoin, Ethereum, Litecoin, EOS, and Ripple – all assets offered on PrimeXBT. PrimeXBT is a Bitcoin-based award-winning margin trading platform offering exposure to forex, commodities, stock indices, and crypto assets like Cardano all under one roof.
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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