cardano price prediction

Cryptocurrency

Cardano Price Prediction (ADA): Is it a Next Bitcoin or Ethereum?

Last Update: 2022-02-02

Cardano Price Prediction (ADA): Is it a Next Bitcoin or Ethereum?

Who can ignore the supremacy of Bitcoin and Ethereum in the cryptocurrency world? What about the platform with more features and potential than these two giants? Sounds silly, but the impossible has been possible now. Cardano is now at the driving seat of the crypto world and doing wonders with every passing day.

Cardano price prediction is the favorite topic of every crypto enthusiast, and they want to know more about this. Many exchanges have been accepted ADA at the time of launch, and others are trying to collaborate with it. Over this, Cardano has started many other projects and will rise as a world-renowned brand. 

In this article, we deeply study the price analysis of ADA and explain its future. So sit back and understand more about this evergreen cryptocurrency.  

What is Cardano? 

what is cardano

Cardano is the third-generation blockchain, launched by Ethereum co-founder Charles Hoskinson in September 2017. It's the first peer-reviewed decentralization platform to promote the accessibility of dApps. The purpose of Cardano is to cope with the problems the investors were facing with first and second-generation blockchain.

ADA is the native cryptocurrency, which now has a circulation supply of 45 billion and ranks at the third in the market cap. The purpose of the Cardano platform is to improve the transferring problems and investment space for crypto enthusiasts. However, it is more than cryptocurrency on which people are running their financial applications worldwide.

It is the first project in the history of cryptocurrency which is completely based on the research of worldwide scholars. On Cardano, no third party is involved in your transactions. The future of Cardano will offer a lot for investors, and the recent launch of Alonzo Testnet backs this fact. After this news, Cardano received massive support from investors and became a headline in the crypto world.

Moreover, the Cardano NFT marketplace got massive attention after the sudden surge of Ethereum gas fees. Recently many NFT artists partnered with Cardano because of its impressive features.

Data Value
Market Cap $ 33,784,502,650
Circulating Supply 32,066,390,668 ADA
Trading Volume $ 2,185,653,435
All-time high $3.10
All-time low $0.01735
Cardano ROI 6279.02%
Market Cap $ 33,784,502,650

Fundamentals of Cardano

Cardano is further split into two layers: Cardano Settlement Layer and Cardano Computational Layer. It sounds a bit confusing, but actually, it's not. The purpose of the Cardano Settlement Layer is to assist peer-to-peer transactions of ADA tokens. On the other hand, Cardano Computational Layer serves the seamless execution of the smart contract.  

This platform uses the proof-to-stake strategy to identify news blocks and validate the previous ones. Users can lock or stake their tokens on different nodes and create new coins through this system. Ultimately, they get the percentage of newly created currency as a reward. The selection of reward holders has been made randomly. But the chances of winning are more if you stake more coins in the pool. 

Technical Aspects of Cardano

Cardano platform is still in the process of improvement, and the developers revealed many plans to make it a leading cryptocurrency. The team followed a roadmap of five steps to achieve their goals in the future. 

Byron

Byron is called a foundation phase of the platform, which was first launched in September 2017 to the general public. At that moment, the other two releases include ADA tokens and the Daedalus desktop wallet. 

Shelley

The next step of Cardano was providing a decentralization platform known as Shelley. In June 2020, investors became able to verify their transactions without third-party involvement. After this step, Cardano becomes more popular in the crypto space. 

Goguen

Goguen should say the revolutionary step of the Cardano in which smart contracts were introduced, and people started believing on this platform. It was officially announced in August 2021 with the name of Alonzo. At that time, decentralization applications were also available for investors. 

Basho

To improve the platform's efficiency, the developers decided to divide the main blockchain into two parts. Creating sidelines to scale up the business was the main concern of Basho. 

Voltaire

IOHK is the company that collaborates with Cardano to build future systems. The platform introduced a governance model where users can decide what they want in the future. This Voltaire model will be released in different phases.  

Historical Analysis of ADA Price

historical analysis ADA price

Before digging deep into the future analysis of ADA price, it's essential to see the background of the token. So here, we analyzed the historical value of the ADA token since its launch.

2017

At the launch time, Cardano invests $63M while developing its ICO. The benefits can be seen as the massive growth of the token during its first week, and the market cap hit $600M at the start of October 2017. The token got listed on many big cryptocurrency exchange platforms on this achievement. At the end of November, ADA coin received a massive boost, and the market cap reached $3.5 billion. 

2018

At the start of 2018, the coin reached its all-time-high value of $1.162 while the market cap was $33 billion. But unfortunately, this coin's price didn't sustain for a long time and drastically dropped to $0.04 at the end of 2018.  

2019

2019 was very unpredictable for ADA, and token saw many highs and lows this year. Starting from $0.05, the price dropped severely to $0.035 till February. But the investors showed interest, and once again, the price went crazy and touched $0.1. After that, the up and down pattern continued throughout the year and ended with $0.03 in December. 

2020

2020 could be a game-changing year for the ADA, but then Covid-19 stepped in, and the whole crypto market crashed. The token started the year with $0.03 and reached $0.06 in February. But the Covid outbreak sent it to $0.02 and disheartened the investors. However, the buyers still backed the coin, and it dramatically reached $0.17 at the end of 2020. 

2021

2021 was the year of ADA because a bullish trend was followed. The coin started with $2.4, which was another ATH. The reason was news spread around that said ADA is best for purchasing Tesla. But when smart contracts were announced, the coin got crazy again and hit another ATH at $3.08, which was a phenomenal success for Cardano.

ADA Current Price Analysis 

At the time of writing, ADA has a $1.43 billion 24h trading volume and is currently traded at $1.04, which is decreased by 1% in the last one day. Moreover, the coin has been listed on many crypto exchange platforms and crypto-wallets. This price up to and down is normal in crypto trading, so we can say that ADA can cross many other market coins in the future. 

Price Prediction of Cardano (ADA) 

cardano price prediction

Cardano's future seems optimistic in many aspects. But no one is hell sure about prediction because the crypto is always in the swing of highs and lows. However, we have different artificial intelligence-based techniques to forecast the price. Also, the previous record of any cryptocurrency gives an idea about the future. 

According to experts, the Cardano can touch the sky in 10 years. The situation can be reversed in case of an unexpected event like Covid-19. Considering the volatility factor, many questions arise in investors' minds. So, the following predictions are based on many factors, including crypto volatility. However, these forecasts are not hard and fast rules but give you a general idea of ADA future prices depending on the current situation and their plans. 

ADA Price Prediction 2022

After some unexpected price highs and lows, the experts are hopeful for the smooth trend of ADA in 2022. The starting weeks of the year were not supportive, but the coin still managed to retain the position of $1.04 and now going upward. If the investors start taking an interest in this token due to smart contracts introduced by the platform, the bullish trend can go upward and hit $1.9 in the mid of 2022. 

The end of the year is not looking so bad as the price will manage to get stable at $2.298 after continuous fluctuations. The other side of the coin shows the downfall of the price if any new coin gets market attention. If the crypto leaders start taking an interest in ADA and debate its effectiveness, the prices will automatically rise and even reclaim its ATH position. 

ADA Price Prediction 2023

If we see Cardano one year later, multiple benefits pass in front eyes. The complete road map of the Cardano developers has not been implemented. Basho and Voltaire are still pending to be introduced officially. At the moment, only three steps are entirely executed, and investors start believing in this coin. 

If those features become available in the next year and people start getting their benefits, the price of ADA will touch $3.44 at the start of 2023. And if the coin will able to get any celebrity's attention, the price even goes beyond $4.

ADA Price Prediction 2024

One big hit, and everything went. That's a story of cryptocurrency and the fear of every moment. Even a single influencer tweet about the crypto can be a make or break for that particular coin. Many other factors are at the driving seat of crypto prices, and they can move anywhere. 

But one thing which is a big plus for ADA token is the community support and investors' trust in it. If everything goes smoothly and no governmental or economic factor interferes, the prices of ADA in 2024 can touch $4-$5. But, of course, these are just predictions while being optimistic. The other end of the story is still possible, and brutal downfall can also happen. 

ADA Price Prediction 2025

2025 will be the judging year for ADA, as most of the projects will be completed then, and investors' support will also be evident. However, if ADA withstands all the hurdles and still manages to impress the audience, then no one can stop it from becoming the currency of the year, and prices would skyrocket to $6. 

Cardano has started many side projects and is involved in many collaborations, expecting an upcoming big brand like Bitcoin and Ethereum. So, hitting the price landmark of $6 to $7 wouldn't be a miracle. 

ADA Price Prediction 2026 – 2030 

It's hard to forecast many years as many other cryptocurrencies will be in the market, and anything good or bad is possible. However, if ADA continues to provide the impressive feature and doesn't fail to surprise investors, we can say that 2026 to 2030 will be the era of ADA. If some factors support, the prices can go beyond $10 and even touch the $20. 

What Does Expert Say About Cardano? 

Some websites are giants of the crypto world, and experts analyze their data. So let's see what they say about the ADA future prices. 

Trading Beasts

The Trading Beasts experts forecasted that the price of Cardano will fluctuate between $1.56 to $2.297 for at least the next two years. The average price between this period will not be less than $1.83. 

Digital Coin Price

Digital Coin Price is one of the most trusted platforms regarding the crypto future, and it is predicted that the price will soar up to $1.94 by the end of 2022. Optimistically, the prices will hit $4 by 2025. 

Wallet Investor

Wallet Investor experts are highly hopeful about the positive trend of ADA and looking forward to seeing the $3.2 price point at the start of 2023. According to forecasts, the expected prices of ADA after 2025 will not be less than $6.062. 

  1. Capital

Gov. Capital expects a $2.92 price of the coin at the end of 2022, which is obvious from many factors. However, if we talk about the prices till 2025, Gov. Capital shows that it will be around $10.20. 

Pros & Cons of Investing in Cardano 

Pros

  1. Backed by Skilled Developer Team: The platform was introduced by the co-founder of Ethereum, who doesn't know the Ethereum blockchain now. The team behind the project is highly professional and introduces many new things over time. After its highly successful launch, there is no doubt that Cardano will also give exceptional results. 
  2. Academic Support: The unique aspect of Cardano is a peer-reviewed strategy in which all academic experts around the world suggest the next actions. Also, all the plans get approved by the academic team before implementation. It's not a piece of cake, and deep research of scholars enhances the credibility of the coin. 
  3. Highly Secure: Security is the crucial factor of any crypto platform, and Cardano ensures its user with ultimate safety due to proof of stake protocol. Also, your personal information is highly encrypted and won't share with any third party. Moreover, the platform has a layered structure, and there is no chance of hacking. 
  4. Listed on Big Platforms: When choosing cryptocurrency for trading, many factors should be involved in your decision. The availability of tokens on major crypto exchanges is the first thing to be noted. After a few days of launch, the big platforms accepted Cardano and allowed people to trade in this new cryptocurrency. Now wherever you live, you can surely purchase and trade ADA on any platform. 

Cons

  1. Still in Development: Before launch, the Cardano team proposed a roadmap to follow in upcoming years. Three out of five points have been implemented and proved beneficial. But still, two more steps need to be launched. Until all five steps are not in action, we can't see the real strength of the coin. 
  2. Risk is Comparatively High: Risk is the basic ingredient of crypto investing, but some coins are highly stable, and chances of loss in them are low. Cardano's prices are highly volatile, and graphs are always changing. The report of Macroaxis shows that ADA is 9.27 times risker than DOW, and prices are unpredictable. 

FAQs

Is Cardano better than Bitcoin & Ethereum?

If we consider technology development, then we can say Cardano is wonderful. But the market value of Cardano is negligible in front of these two giants. Cardano needs more investors and a market cap to upgrade its level. 

How can you make money through Cardano?

Like any other cryptocurrency, the first way to earn a profit in trading. But Cardano has something more special to receive much more benefits, which is staking. No other platform offers to stake like Cardano. 

Why is the price of Cardano so low?

Every cryptocurrency starts from zero, and prices are decided based on investors' demand. Cardano still needs to supply more ADA tokens and attract a large community.

Conclusion 

If you are thinking about investing in ADA, make sure you have thoroughly covered the above information. Cardano can do more wonders in the future if paths are clear and no natural disasters happen in the next years. Since the features they launched and planning to introduce simply superb, so chances of positive price trends are maximum. Apart from this information, we recommend studying some statics by yourself and evaluating the crypto charts before investing. 

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