Cardano consistently stays in the top-10 cryptocurrencies and sees its total value locked and network activity grow. At the same time, it is far away from its current standing price record. In this article, we will weigh the prospects of ADA catching up with its organic growth, as well as take a look at the Cardano price prediction of top industry experts.
All ADA Price Predictions
- Bullish predictions for Cardano expect it to blow up in the coming bull run. Even pessimistic projections expect that its price will still grow in the future.
- The most bullish ADA forecasts hope to see it in double digits as soon as next year. At the very least, Cardano should beat its ATH by 2028.
- More realistic projections that do not account for bullish cycles disagree that it can reach $3.10. It should still overtake $1 by 2026, according to these forecasts.
What is Cardano and ADA?
Cardano is an open-source smart contract platform. Since smart contracts are self-executing programs that work when certain conditions are met, Cardano can be thought of as a decentralized global computing network. Even though it is decentralized, the transactions need to be checked and approved, and blockchains use the consensus of nodes for this purpose. Cardano is secured with a Proof-of-Stake consensus algorithm specification called Ouroboros.
Cardano is one of the most well-researched blockchains out there. The developers build on peer-reviewed research, and there is no single white paper for the platform.
One of the key contributors to the research and development of Cardano is Charles Hoskinson. After having taken key roles in the Bitcoin Association and the foundation of Ethereum, he founded Input Output Hong Kong (IOHK) in 2015 (now Input Output Global, IOG). Another key contributor is Jeremy Wood, co-founder and Chief Strategy Officer at IOHK. With Emurgo Co., founded in 2017, the two companies lead the development of Cardano.
More about Cardano and ADA is covered in our Beginner’s Guide to Cardano. Make sure to check it out!
Cardano Price History
ADA Price in 2017–2020
A public pre-sale of ADA was held in several tranches from September 2015 to January 2017. It was not an ICO because instead of tokens companies backing Cardano sold vouchers for redeeming ADA in the Daedalus wallet. As soon as it was launched, ADA started being traded on the market.
At the start, in late 2017, the Cardano platform was a federated mainnet: it was secured by a few pre-approved validators and the Cardano Foundation itself. In its earliest years, Cardano was a work in progress but it still saw a few significant updates.
However, the market trends had more effect on the ADA price. Its previous all-time high was reached when the rest of the crypto market was on the rise. In the previous cycle, it hit $1.35 at its peak, on January 1, 2018. From there, for more than three years, it would not reach this price level again and stay below 1 cent on average.
More big things were coming for Cardano in mid-2020 with the Shelley phase rolling out to the mainnet. After it was locked in, the Cardano blockchain transitioned into the real proof-of-stake consensus algorithm. On the ADA price chart, the uptick is clear, although the 2021 Bitcoin bull run helped the ADA price skyrocket in a more obvious way.
ADA Price in 2021–2023
In 2021, ADA was enjoying particularly robust trading volume, and as a result, grew in price considerably. By May, it exceeded $2, and after a brief pullback, on September 2, 2022, scored an all-time high price of $3.10. However, as it was the peak of the bull market, so it was the peak for Cardano’s price.
For the rest of 2021 and 2022, the downtrend in ADA has been prevailing, albeit with some local breakouts. For example, in March 2022 Cardano received a large inflow of total value locked (TVL) in anticipation of the next phase of development, causing the price to move from $0.79 to $1.19. However, this was not enough to keep ADA afloat against the sinking tide in the entire crypto market.
Cardano (ADA) finished 2022 and started 2023 at the $0.25 mark. The steady bullish news spree helped to build Cardano’s price up to $0.45 in April. In June, after the US SEC sued Binance, it dropped to $0.26 because the SEC alleged ADA is an unregistered security. It would not see significant price action until October 2023, when the currently ongoing uptrend has started.
At the moment of writing, ADA ranks 8th by market capitalization and the current Cardano price is $0.4488 according to CoinMarketCap.
What influences the Cardano price?
Protocol Advancements
Being a research-driven blockchain platform, Cardano puts great weight into each advancement of the protocol. Cardano’s roadmap is divided into several epochs, each of which will fundamentally expand on the functions and completeness of the Cardano network. Not to mention, a general expectation is that it will affect ADA price, too!
According to the roadmap, by the end of 2023, Cardano has moved into the Basho era. This stage of development is focused on scalability improvements. One of the projects is the Midnight L2, which opened a devnet for testing just a month ago.
Use Cases
In 2022, the Cardano developer community aimed for NFTs and DeFi. As 2023 is nearing its close, the Cardano ecosystem brings another hot topic to the table: artificial intelligence.
In November, CardanoGPT announced that their blockchain-based AI chatbot Girolamo went live for open beta testing. This project builds a fine-tuned content creation and interpretation AI that is monetized by a Cardano-based token. Arguably, the news is a lot more bullish for the CardanoGPT’s token than ADA but the Cardano platform getting involved in the red-hot AI space can inspire other builders to try and connect the two burgeoning technologies.
Adoption
Most of the heavy lifting to make Cardano more widespread and recognizable is done by the Cardano Foundation. It launches initiatives with governments and holds events such as the Cardano Summit every year. This year’s one was on November 2–4, where the future of Cardano and its ecosystem were discussed.
What was discussed at the Dubai event? Numerous project updates, real-world assets on the blockchain, monetization on the social platform Cardano Spot, zero-knowledge rollups, stablecoins, sustainability, and many more things.
These events are vital to securing partnerships that would see the Cardano platform be applied in education, healthcare, chain supply management, and finance, as the official site describes.
Cardano (ADA) Price Forecast and Analysis
ADA holders have a good reason to be watching the Cardano price movements even before the end of 2023. It is currently retesting its yearly top near $0.45 after printing a bullish flag, and the question now is if this will continue.
At the moment, the trading volume does not point that the trend is nearing exhaustion. Does it mean the next stop is $0.58, the 1.618 Fibonacci extension? We will have to see but for now, some stop loss should be in place as the relative strength index is in the overbought area. A well-tested support level to put one is at $0.87.
Cardano Price Prediction for 2024
Coinpedia has some lukewarm prospects for Cardano (ADA) in the coming year. According to them, it will grow but not explode: their predicted range is between the minimum price of $1.37 and a maximum of $2.02.
Team Mudrex is of a similar opinion: ADA is set to grow by about 10% in a year. This brings the estimated Cardano price in 2024 to $0.32–0.53.
Dimitar Dzhondzhorov shared some of the most outrageous ADA predictions for 2024 with CryptoPotato. One of them, by trader under the moniker Ali, expects Cardano to rally to $10 by the summer. Another forecast he cited expected ADA to go to $30 because of the dollar inflation, although they did not specify when exactly.
Cardano Price Prediction for 2025
A Cardano (ADA) price prediction by CoinCodex uses an algorithm to project its average price into the future. If all goes well, ADA will be trading between $ 0.537119 and $1.844295 in 2025.
OvenAdd gives a moderately optimistic Cardano price prediction for 2025. Surprisingly, as a reason they mention not the developer community or holders but traders. Their estimated range for ADA in 2025 is $1.25–1.43.
In the mid-long term, the lowest Cardano (ADA) can go is $0.15, as NewsBTC analysts point out in the chart. The maximum price for ADA to reach by 2025 can be as high as $20.
Cardano Price Prediction 2026–2029
Algorithmic forecasts can help us with the Cardano price prediction for up to five years in advance. What’s the predicted range between the minimum and maximum price of Cardano (ADA) in these years?
| Year | Digital Coin | CryptoNewsZ | Coinedition |
| 2026 | $1.68–1.98 | $1.26–1.82 | $0.85–1.95 |
| 2027 | $1.68–1.98 | $1.64–2.36 | $1.10–2.40 |
| 2028 | $2.07–2.34 | $2.07–2.99 | $1.75–2.8 |
| 2029 | $2.95–3.26 | $2.65–3.81 | $2.5–7.85 |
Cardano Price Prediction 2030 and 2034
Looking as far as the end of the decade and ten years in advance, even experts can only guess but some still try.
According to the Traders Union portal, by 2030 ADA’s price will have grown to be $1.23–1.34, and by 2032 — to the range between $2.50 and $2.74.
Coin Price Forecast projects a 166% to 258% growth for Cardano (ADA) between 2030 and 2034. This makes the expected ADA price $1.09–1.16 in 2030 and $1.55–1.56 in ten years.
Last but not least, Coin Data Flow uses an experimental prediction model for cryptocurrencies. It predicts that in 2030, ADA can grow by up to 526%, and in ten years, in 2034, 962%. In other words, Cardano’s maximum price will be $2.96 and $4.72 respectively. The minimum price, for reference, is $0.86 in 2030 and $1.47 in 2034.
How to buy Cardano (ADA)?
Did you know can buy Cardano tokens on ChangeHero at the best rates and with no registration? Here is how:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your ADA is on the way to your wallet.
Our customer support is available any time, any day in the chat on the website or through the email: [email protected].
On our website, you can also buy ADA and sell it with a bank card for fiat currencies through our partner’s widget. Check out the full instructions to learn how!
Conclusion
As far as blockchain platforms go, Cardano remains a safe but not overhyped alternative to Ethereum. Once it stands on its own, it will stand a chance to gain real recognition.
Let us know what you think about our Cardano price prediction! Join the discussion on Twitter, Facebook, Reddit, and Telegram. Subscribe and get a daily stream of informative content from our team.
Frequently Asked Questions
Can Cardano reach 100 dollars?
For Cardano to reach $100 if fully diluted, it has to amass a $4.5T market cap, which is three times the total cryptocurrency market capitalization today. In the conditions of a bull market, it is quite possible for the total market cap to reach a similar valuation. Cardano’s dominance on the market, however, is under 1%, so it makes it highly unlikely that Cardano will reach $100 in the foreseeable future.
What will the ADA price be in 2025?
A generalized ADA coin price prediction for 2025 is within the bounds between $0.15 and $20.
What will ADA Cardano be worth in 2030?
In the long term, by the end of the decade, Cardano’s (ADA) average price is expected to trade within the range of $0.86–2.96, depending on the source and method of prediction.
Disclaimer
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
