Cardano Price Prediction - Will ADA Go Back UP?

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Anton Kharitonov, analyst at Traders Union, believes that Cardano will be traded at $0.7029 by the end of 2024, $0.7643 by the end of 2025, and the coin could be worth $1.1617 by 2030.

Cardano (exchange ticker ADA) is one of the most successful and popular cryptocurrency platforms among investors, which is positioned as a more advanced and faster analog of Ethereum (ETH). By market capitalization, Cardano is stably ranked in the Top 10 by CoinMarketCap.


Today, Cardano is actively used as a platform for other decentralized applications, smart contracts, NFT tokens, super-fast online payments and also as a popular means for investment. Cardano emission is limited and as of today, the majority of coins have already been issued, which makes investment value of the cryptocurrency higher.


Key differences between Ethereum and Cardano:

  • Cardano offers a higher transaction processing speed than Ethereum. There was an expectation that the transaction processing speed would increase manifold from the current 15 TPS once Ethereum transitioned to the PoS algorithm, but that hasn’t happened yet. Meanwhile, Cardano offers a speed of around 250 TPS (transactions per second).
  • Improved management system. Cardano employs a principle of democratic management and decision making through the Treasury mechanism, which allows the community to have a say in the development of the platform.
  • Cardano’s staking rate on most exchanges is 1.5-2 times higher than Ethereum staking rate.

Ethereum has an advantage thanks to popularity and trust, aided by its compatibility with other blockchains through “satellites” – parachains, sidechains, L2 solutions. Similar tools have been developed for Cardano as well, although their number is fewer. Nevertheless, ADA (Cardano’s native cryptocurrency) continues to compete successfully with ETH (Ethereum), maintaining its position within the top ten cryptocurrencies.


Cardano evolution: 2017-2021

Cardano’s being on the list of the largest exchanges coincided with a dramatic increase in capitalization of the entire market. At the time of its introduction to the CoinMarketCap rating, the coin was priced at $0.02461. In less than 2 months, ADA price soared to $1.1711, having registered a more than 45x growth. It did not stay at that level, however, plunging to $0.03, which was almost an all-time low, following the bursting of the bubble.


In 2018-2020, ADA price remained in a narrow range of $0.03-$0.08. Traders used this period for short-term volatility trading within the channel.


Cardano evolution: 2017-2021

The price regained its growth only in the second half of 2020. By the end of 2020, the coin price rose to $0.1754.


Analysts note ADA’s high potential as compared to BTC and ETH, which are the main market drivers. However, this concerns only those moments when the market starts to move from the bottom to all-time highs. If in the future BTC increases by more than 100%, Cardano could grow tenfold or more. This is clearly confirmed by the peak movements on the chart of the summer 2021.


On 3 January 2021, BTC price was $32,129.41, while ADA price was $0.1754 on the same day. BTC peaked in April and November 2021 at around 63K and 64K, respectively. ADA peaked in May and September at $2.17 and $2.96, respectively.


The conclusion is as follows: BTC drives the entire market, and Cardano price is rising as long as the BTC price increases. If BTC becomes twice as expensive, Cardano, due to general enthusiasm, can increase by more than 10 times. This rule, however, also works in reverse. If BTC decreases by 2 times, ADA will rapidly lose about 90% of its price.


Cardano evolution: 2022-2023

The year 2022 turned out to be perhaps the most difficult year for the cryptocurrency market in its entire history. After the bull run of the previous year, two unpleasant events happened: the spring bankruptcy of the Terra platform (LUNA) and the autumn bankruptcy of FTX, one of the largest cryptocurrency exchanges. In both cases, abuses on the part of top managers were found, and in both cases, large related projects were abandoned.


Lack of market transparency caused investors to lose their interest in cryptocurrencies. At the end of 2022, BTC dropped below 17K, more than 70% as compared to its historical maximum. Cardano dropped to $0.2464, losing almost 92% of its value as compared to the all-time high.


The year 2023 began with a mild market revival. However, despite the previous tenfold increase, the smooth movement of Bitcoin did not lead to an explosive rise in ADA price. In April, the BTC price rose by more than 80%, reaching 30K (the “golden middle” relative to the all-time high of 63K), and ADA added 84% to its price, reaching the level of $0.45. Then it rolled back below $0.29.


In July 2023, a key event that could have had a strong impact on ADA took place. In the U.S. the Securities and Exchange Commission (SEC) previously classified several coins, including Ripple and Cardano, as unregistered securities in direct violation of the law. The coins were excluded from the list of exchanges and a lawsuit was initiated against Ripple Labs, which went on for about 3 years.


In July 2023, a New York court found that these coins were not securities, and therefore they did not violate U.S. law. Against this news, ADA price spiked from $0.2868 to $0.3608, or by 25.8% within 1 day. Unfortunately, this news was not enough to turn the impulse movement into a strong uptrend. Due to general negative market sentiment, caused, among other things, by rumors of a possible bankruptcy of the Huobi exchange with risks for the Poloniex exchange, the Tron platform, and the USDT stablecoin, ADA price returned to the level of $0.29 a month later.


Using our review, you can check out Cardano price prediction 2024, and also long-term Cardano forecast for 2025 and even 2030. Will Cardano be able to repeat a strong growth after correction? We have collected forecasts from reputable experts to gain a better understanding of the issue.


Also in our article, you will be able to learn the latest signals on the ADA price for 1 day and 1 week. Cardano signals are based on the technical analysis indicators.

Do you prefer watching videos? Then watch the video summary of this article.

Below you will find all the information.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

Cardano’s key metrics

The table below shows Cardano’s key metrics. The data is provided as of 1 July 2023 on a quarterly basis (percentage change as compared to the previous period is indicated in brackets).


Metrics Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023
Average number of active addresses per day 90,595 64,176 (-29.2%) 68,262 (+6.4%) 60,208 (-11.8%) 57,821 (-4.0%)
Average number of transactions per day 94,082 66,798 (-29.0%) 75,440 (+12.9%) 67,456 (-10.6%) 68,765 (+1.9%)
Capitalization of coins in circulation, USD 15.7В 14.8В (-6.0%) 8,6В (-41.9%) 13.2В (+53.6%) 9.7В (26.9%)
Amount of coins in staking 24.7В 25.0В 25.4В 24.6В 22.7В
Average yield on staking 2.07% 3.41% (+265.2%) 3.35% (-1.76%) 3.16% (-5.67%) 3.28% (+3.7%)
The amount of money locked in the blockchain (USD) 121.5М 77.9М (-35.9%) 50.8М (-34.8%) 138.3М (+172.3%) 151.7М (9.7%)

Sources: Cardano, AdaStat, CoinGecko, Blockfrost, Messari


This table may be summarized as follows:

  • There is a clear trend towards a decrease in activity within the network over the past year. The average number of transactions has decreased by more than 25%, and the number of active addresses is also decreasing. In the short term, this does not speak in favor of price increase.
  • Decrease in ADA price does not scare long-term investors. With a gradually decreasing staking rate, the amount of coins in staking did not change much. This shows investors’ confidence.
  • The amount of coins locked in the blockchain has increased dramatically over the past two quarters. This suggests that big business brought money to the platform, launching new apps on the Cardano blockchain. It also speaks of trust.

Despite the temporary fall and liquidation of traders’ positions, Cardano remains among the Top 5 largest platforms for launching decentralized apps.

Key news that influenced the value of the coin in the past

Within short-term periods, volatility of the coin is about 2-3% per day. Volatility is caused not only by general market factors, but also by fundamental factors related to the platform itself.


Some news that had a short-term impact on ADA price:

  • At the beginning of June 2023, there was information that the Robinhood cryptocurrency platform was delisting Cardano, Polygon, and Solana. ADA lost 26.92% in 6 days.
  • At the end of March - beginning of April 2023, the multifunctional platform of Lace 1.0 wallet was launched on the Cardano blockchain. By then, more than 1,100 decentralized apps were being developed on the network. Successful launch of one of them supported the rise in ADA price.
  • In September 2022, the Vasil hard fork was activated in accordance with the roadmap. Investors assessed the success of its implementation with a slight price increase by 0.8-1%.
  • In March 2022, the Coinbase exchange announced the launch of Cardano staking. ADA price increased by more than 15% in one day.
  • In December 2021, two DeFi projects were simultaneously hacked. Those were Badger DAO, which runs on Ethereum, and MonoX, which runs on Polygon. After the hacks, Charles Hoskinson, the head of IOHK, commented on the security of Plutus smart contracts developed for Cardano. His words caused an increase in ADA price by more than 12%.

These examples show that Cardano is more suitable for scalping and channel intraday strategies. Long-term investment makes sense when there is a revival in the entire market.

What news may impact Cardano (ADA) price in the future?

In December 2020, it became known that the U.S. Securities and Exchange Commission (SEC) considers the popular cryptocurrencies Cardano (ADA), Polygon (MATIC), and Solana (SOL) to be non-registered securities. The SEC considers trading these cryptocurrencies in the U.S. to be illegal because it’s impossible to protect investors’ rights. This position of the SEC is expressed in the lawsuit against Coinbase and Binance US that are charged with illegal trading.


The Robinhood broker and several other providers of cryptocurrency trading services have announced that they will delist ADA, SOL, and MATIC.


The ruling by the New York court in June 2023 in favor of Ripple (and, accordingly, in favor of Cardano) had only a short-term impact on the price. Two factors played a key role: the presence of negative fundamental factors for the entire market, and the fact that the court’s ruling did not end the dispute with SEC. Further litigation is ahead, which may affect ADA price in the future.


The most expected Cardano news is related to further technical and commercial development of the blockchain platform, improvement of smart contracts, launch of new partnerships. According to Cardano Roadmap the development stages are organized into eras: (Byron, Shelley, Goguen, Basho, and Voltaire). Each era involves a launch of multiple updates.


It is expected that in the coming years, around hundreds of developer teams will be using Cardano as a mother platform. Important developments are proprietary decentralized exchange (DEX) end-to-end microfinance transactions in the Cardano network. Cardano also aims to enable collaboration between DeFi applications on its own platform through the Cardano DeFi Alliance. This will accelerate innovation.


Also the news about the US Federal Reserve will have a strong impact on the entire cryptocurrency market in general. Outflow of investors from speculative instruments during monetary tightening cycles has a negative impact on the ADA price.


You can learn more interesting facts from the presentation of the CEO of the Cardano developer company Charles Hoskinson.

You can learn more interesting facts from the presentation of the CEO of the Cardano developer company Charles Hoskinson.

Cardano price prediction for 1 day and for 1 week

Short-term Cardano forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out Cardano forecast for today.

NOTE!

Signals may differ on different timeframes. If you want to buy ADA and hold it for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions

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Cardano price prediction 2024. Will ADA go back up?

The start of 2022 Cardano price dropped sharply from its 2021 highs (over $3). Therefore, the investors are interested in the ADA outlook in 2024. Will ADA go back up, should we expect the price to match the last year’s high or exceed it?


According to the analytical forecast by Anton Kharitonov, a TU analyst, Cardano price will reach $0.7029 by the end of 2024. Еhroughout the year, there may be substantial volatility, which could prove beneficial for traders and investors.

Cardano price prediction (ADA/USD) 2024 by months

Short and long-term analytical forecasts for ADA are reserved. The SEC decision on XRP affected Cardano only indirectly and for a short period, which means that investors are not confident in the significance of this event. The key factor remains the price of BTC, which is the market driver. In the event of fundamental factors that could push Bitcoin through the 30K resistance level with a strong subsequent upward movement, ADA may experience a similar growth.

Some opinions regarding the future price of Cardano (ADA):

  • Cheeky Crypto, a YouTube cryptocurrency channel analyst: in the long term, ADA price could increase to a range of $3.48-$10.50. But an explosive growth to the level of $30 should not be ruled out. The analyst explains his forecast by the total value locked (TVL) in the amount of $600 million and by interest of decentralized startups in the platform.
  • PricePredictions cryptanalysts and artificial intelligence: short-term forecast for 1 month is that the price declines to $0.27, which will act as a strong support level.
  • Dan Gambardello, cryptocurrency trader and analyst: in less than a year, the next BTC halving will take place, which will reduce its dominance in favor of altcoins, and first of all, in favor of Top 10 coins, including ADA. This will result in a strong growth, but before that, the coin may settle at the $0.2 level.
  • Analytical portal messari.io/: TVL of Cardano grew by 9.7% in the second quarter as compared to the previous one. According to this indicator, the platform has risen from 34th to 21st place, which indicates the whales’ interest in Cardano. Due to increased demand, ADA price may reach $0.5 by the end of 2024.

TU analysts also made their forecast.

The TU analysts do not expect new price records, predicting that Cardano price can reach a range of $0.6326 - $0.7732 by the end of 2024.

Month Minimum Price Maximum Price Average Price
April 2024 $0.5981 $0.7311 $0.6646
May 2024 $0.6024 $0.7362 $0.6693
June 2024 $0.6066 $0.7414 $0.674
July 2024 $0.6108 $0.7466 $0.6787
August 2024 $0.6151 $0.7519 $0.6835
September 2024 $0.6195 $0.7571 $0.6883
October 2024 $0.6238 $0.7624 $0.6931
November 2024 $0.6282 $0.7678 $0.698
December 2024 $0.6326 $0.7732 $0.7029

Indicator Based Technical Analysis of ADA/USD

To find a better entry point, also find out what TradingView technical analysis tool signals for the Cardano (ADA/USD) price. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

Cardano price prediction for 2025 and 2030

Portal provides long-term price prediction for 3 and 7 years. Cardano (ADA) 2025, 2030 forecast is still moderately optimistic.

Cardano price prediction 2025 by months

Month Minimum Price Maximum Price Average Price
January 2025 $0.637 $0.7786 $0.7078
February 2025 $0.6415 $0.7841 $0.7128
March 2025 $0.646 $0.7896 $0.7178
April 2025 $0.6505 $0.7951 $0.7228
May 2025 $0.6551 $0.8007 $0.7279
June 2025 $0.6597 $0.8063 $0.733
July 2025 $0.6643 $0.8119 $0.7381
August 2025 $0.669 $0.8176 $0.7433
September 2025 $0.6736 $0.8234 $0.7485
October 2025 $0.6783 $0.8291 $0.7537
November 2025 $0.6831 $0.8349 $0.759
December 2025 $0.6879 $0.8407 $0.7643

Cardano price prediction 2030 by months

Month Minimum Price Maximum Price Average Price
January 2030 $0.9683 $1.1835 $1.0759
February 2030 $0.9751 $1.1917 $1.0834
March 2030 $0.9819 $1.2001 $1.091
April 2030 $0.9887 $1.2085 $1.0986
May 2030 $0.9957 $1.2169 $1.1063
June 2030 $1.0026 $1.2254 $1.114
July 2030 $1.0096 $1.234 $1.1218
August 2030 $1.0167 $1.2427 $1.1297
September 2030 $1.0238 $1.2514 $1.1376
October 2030 $1.031 $1.2602 $1.1456
November 2030 $1.0382 $1.269 $1.1536
December 2030 $1.0455 $1.2779 $1.1617

What Cardano price will be in 5 years and 12 years – prediction by years

According to the Traders Union long-term price forecast Cardano (ADA) can reach $0.7029 by 2025, $1.0684 by 2030, $1.4932 by 2034.

Year Price in the middle of the year Price at the end of the year
2024 $0.674 $0.7029
2025 $0.733 $0.7643
2026 $0.797 $0.8311
2027 $0.8666 $0.9037
2028 $0.9424 $0.9826
2029 $1.0246 $1.0684
2030 $1.114 $1.1617
2031 $1.2113 $1.2631
2032 $1.3171 $1.3733
2033 $1.432 $1.4932
2034 $1.557 $1.6236
2035 $1.693 $1.7654

Alternative long-term price predictions by independent analytical platforms

Here, you will find long-term cryptocurrency price predictions provided by independent analytical resources. The price prediction methodologies they use vary, which is why the predictions may differ substantially from each other. We recommend focusing on the average price.


According to the price prediction by PricePredictions analysts, the 10-year ADA price outlook is as follows:

Year Minimum price Average price Maximum price
2024 $0.75467 $0.94334 $1.13
2025 $1.38 $1.57 $1.76
2026 $2.01 $2.2 $2.39
2027 $2.64 $2.83 $3.02
2028 $3.27 $3.46 $3.65
2029 $3.9 $4.09 $4.28
2030 $4.53 $4.72 $4.91
2031 $5.16 $5.35 $5.53
2032 $5.79 $5.97 $6.16
2033 $6.41 $6.6 $6.79
2034 $7.04 $7.23 $7.42

According to the price prediction by Walletinvestor analysts, the ADA price will be $0.549 at the beginning of 2025, and $0.318 at the beginning of 2029.


According to the price prediction by Coin Price Forecast analysts, the ADA price is expected to reach the following values in the next 10-12 years:


Year Mid-Year Year-End Tod/End,%
2024 $1.2 $1.74 +176%
2025 $2 $1.78 +182%
2026 $1.9 $2.15 +241%
2027 $2.43 $2.67 +323%
2028 $2.43 $2.36 +274%
2029 $2.55 $2.69 +326%
2030 $2.87 $3.05 +383%
2031 $3.23 $3.41 +440%
2032 $3.49 $3.66 +480%
2033 $3.83 $4 +534%
2034 $4.17 $4.34 +588%
2035 $4.51 $4.53 +618%

According to the price prediction by Long Forecast analysts, the ADA price will be $1.14 at the beginning of 2025, and $0.89 at the beginning of 2028.

ADA/USD Chart Online

Latest exchange rates online

Expert opinion. What to expect from the ADA price?

The majority of experts are moderately optimistic in their Cardano (ADA) price forecasts, predicting long-term growth. Indeed, this cryptocurrency has the potential to surpass Ethereum in many aspects, which secures a reliable spot for it in the cryptocurrency ratings.


At the same time, potential investors need to keep in mind that expert forecasts are mostly for information purposes. All assessments are made based on the current state of affairs. Also, nobody can tell the future. For this very reason, experts recommend those investing in cryptocurrencies to observe the rules of risk management and not to invest too much in just one coin.


Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Why do the forecasts of analysts differ?

Different expert forecasts are based on different price models and assessments, which is why the predictions can strongly differ. One should also keep in mind that none of the analysts can predict the future.

What news has an impact on Cardano?

Cardano Roadmap implies regular release of new technical updates. A larger number of developers are now using this platform for creation of their new apps. Such news has a positive impact on the ADA price. At the same time, cryptocurrency prices strongly depend on the general speculative mood in the global exchanges. Outflow of investors from speculative instruments, such as cryptocurrencies has a negative impact on the ADA price.

When is the good time to buy ADA?

Nobody can tell you the exact date, because nobody can predict the future. You can use TU signals, which are based on indicators. In this case, the chances of a successful transaction will increase to an extent.

Will Cardano price only grow in the future?

After reaching its peak in 2021, this cryptocurrency is currently in the period of consolidation. Some forecasts point that the cryptocurrency will be able to surpass its 2021 high before 2033. However, the digital asset market often delivers surprises, and therefore the coin may grow significantly as well as fall lower than any forecasts.