The year 2009 was a crucial year for the cryptocurrency sector since it permanently altered the course of the FinTech space. This is primarily because the year was synonymous with the early cryptocurrency Bitcoin. Fast-forward to 2015, the year which was dedicated to Ethereum, the most significant alternative currency, and Cardano (ADA), a chain that has been rigorous in its growth.
The World Economic Forum has recognized the Cardano network as one of its most scalable systems. The network has been making rapid progress toward becoming the first chain that is peer-reviewed and flawlessly scalable. The proof-of-stake methodology, on which the platform relies, aids in its victory over competitors.
However, there have also been dips in the value of this currency since Cardano reached its peak. The price projection is a little trickier than it may have been otherwise because ADA has seen more volatility in recent months as traders in the project search for signs of the start of its anticipated Vasil update. The cost of ADA increased early in January 2023, when the upgrade was predicted to happen.
However, by mid-July, testing had found issues that needed to be fixed before the hard fork could take effect. Later, in late July, the value increased three times, but it could not maintain any long-term increases above $0.50.
Many people are interested in and passionate about cryptocurrencies and closely follow these digital assets. However, despite the hype, there are still a lot of unanswered questions about Cardano (ADA). This leads to the following key questions.
How is Cardano now? Is it alive or dead? What is the root of the conflict? What is the likelihood that the currency will rise once more? Keep reading if you have these queries in mind because the Traders Union will provide you with answers.
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Cardano is not dead - this can be said for sure, however, in 2022, due to the bearish trend, the price of ADA fell along with other crypto assets (-75%).
In January 2023, Cardano had risen to a new all-time high of $3.20 as its price proceeded to soar quickly. Cardano has been in free fall since reaching its all-time high. The coin cost has dropped by 75% during the past 11 months. Numerous variables and explanations may be to blame for Cardano's price decline and lack of growth. Let's look at some of them.
In June 2023, 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.
Representatives of the cryptocurrency projects have stated that the accusations are groundless. Nevertheless, after this news was published, capitalization of the cryptocurrencies mentioned in the lawsuit fell rapidly. Traders Union’s analysts believe that the price of these tokens will be under pressure from sellers until the situation is settled. At the same time, it should not be ruled out that in case of a successful settlement of the situation, the price may rise very significantly.
When Bitcoin and Ethereum started to gain popularity, a lot of people started to invest in them. They were making a lot of money, and it seemed like the easy money time would never end. However, those days are long gone, and now people are more careful with their investments. Additionally, the Federal Reserve announced another significant rate hike, which led to a decrease in the demand for Bitcoin and other cryptocurrencies. Cardano (ADA) was also affected by this.
The increase in competition is a significant factor in the decreasing price of Cardano. Exciting new initiatives are luring the crypto community and providing better profits. One recent initiative causing important coins like Cardano to fare poorly is Bitgert (BRISE). In actuality, Bitgert is currently getting more attention than Cardano. Because of this, Bitgert's price increased while Cardano's value decreased.
Crypto enthusiasts have taken notice of Bitgert thanks to its rapidly expanding ecosystem and innovative products. While the Bitgert team is moving quickly to fulfill its goals, its innovative products have garnered the most attention. Cardano and many older blockchains have lagged behind the Bitgert BRC20 blockchain in growth.
Additionally, Bitgert BRC20 levies a zero-gas tax for each transaction. Because of this, the Bitgert chain outperforms the Cardano blockchain, which is one of the reasons Bitgert is gaining widespread popularity. Its ecosystem is expanding more quickly, with dozens of new products and upcoming projects. Investors are becoming richer faster thanks to Bitgert's rapid expansion. It will be challenging for ADA to achieve any actual price hike until the Cardano team gets the same type of development as Bitgert.
Cardano (ADA) suffered a blow during the cryptocurrency crash in January 2023. The currency is reportedly dead, according to many crypto specialists. A few people still believe it will rise again, though. Let's look at some expert opinions to weigh in on this.
According to TU analysts price prediction Cardno will survive. ADA price can rich $0.828 in 2025 and $1.7971 in 2030
Considering the cost of Cardano, the Traders Union has compiled analyst price forecasts. Remember that these are merely estimates based on charts and an analytical viewpoint. As a result, these projections could be incorrect.
The TU analysts do not expect new price records, predicting that Cardano price can reach a range of $0.5801 – $0.7091 by the end of 2023.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| May 2024 | $0.5297 | $0.5886 | $0.6475 |
| June 2024 | $0.5367 | $0.5963 | $0.6559 |
| July 2024 | $0.5437 | $0.6041 | $0.6645 |
| August 2024 | $0.5508 | $0.612 | $0.6732 |
| September 2024 | $0.558 | $0.62 | $0.682 |
| October 2024 | $0.5653 | $0.6281 | $0.6909 |
| November 2024 | $0.5727 | $0.6363 | $0.6999 |
| December 2024 | $0.5801 | $0.6446 | $0.7091 |
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $0.5877 | $0.653 | $0.7183 |
| February 2025 | $0.5953 | $0.6615 | $0.7277 |
| March 2025 | $0.6031 | $0.6701 | $0.7371 |
| April 2025 | $0.6109 | $0.6788 | $0.7467 |
| May 2025 | $0.6188 | $0.6876 | $0.7564 |
| June 2025 | $0.6268 | $0.6965 | $0.7662 |
| July 2025 | $0.635 | $0.7056 | $0.7762 |
| August 2025 | $0.6433 | $0.7148 | $0.7863 |
| September 2025 | $0.6517 | $0.7241 | $0.7965 |
| October 2025 | $0.6601 | $0.7335 | $0.8069 |
| November 2025 | $0.6687 | $0.743 | $0.8173 |
| December 2025 | $0.6774 | $0.7527 | $0.828 |
Another increase in Cardano prices is not beyond question, given its ability to democratize finance and actualize a new universe of decentralized apps. However, thorough research is always advised if you're considering investing in Cardano.
Before considering any trading decisions, evaluate the most recent Cardano cryptocurrency news, industry trends, mechanical and structural analysis, and professional opinion. Never invest the money you can't risk losing because past performance does not assure future results. You can consider investing in Cardano just to increase your overall crypto portfolio, but you should always keep more options open.
Ethereum is already a popular coin and one recommended for beginners and has become even more formidable with its upgrade to Ethereum 2.0. This upgraded version can manage up to 100,000 per second, reducing the congest the previous version created with only 30 transactions per second.
The metaverse boom has also boosted Ethereum. This support is because of the widespread adoption of its blockchain and capacity for smart contracts. Over time, as the metaverse grows, so will Ethereum.
With all of these benefits, Ethereum will last through this period and emerge stronger once the prices rise. It is one of the best choices.
Live ETH/USD price Ethereum to US Dollar
Bitcoin is at par with Ethereum when it comes to the best cryptocurrency to consider. Just like Ethereum, it has a few special factors that make it stand out.
The first of which is Bitcoin halving which is a measure against inflation. Halving is when the reward for Bitcoin mining is halved to maintain scarcity and takes place every four years. In the long term, this is a measure that protects the asset from instability.
The Lightning Network is a second layer for Bitcoin that scales the blockchain's ability to carry out transactions more effectively by using micropayment channels. Multiple payment channels between parties or Bitcoin users make up this layer.
The Lightning Network's clear advantages are quicker and less expensive transactions, which make micropayments conceivable in a way that was never before possible. Users would have to pay significant fees for a straightforward transaction and wait an hour or more for it to be validated without the Lightning Network.
These factors make Bitcoin a great choice for long-term investment.
Live BTC/USD price Bitcoin to US Dollar
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.
Statistical tools that allow experts to evaluate the probability of an event that may influence the prices of cryptocurrencies.
Individual features of a cryptocurrency startup and its competitiveness: number of tokens in free circulation, restriction of emission, potential usefulness of the startup for the society, roadmap and development plans of the startup, potential vulnerability of the startup’s blockchain, examples of hacks, failures in the entire history of cryptocurrency existence, capitalization dynamics compared to key competitors, share of major coin holders and other subjective factors.
Note:
This price prediction is based on current information and historical data. Strong fundamental factors capable of radically changing the overall situation in the cryptocurrency markets, impacting the prices of certain cryptocurrencies and subsequently changing the price trend, may appear in the future. The price predictions 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.
In January 2024, Cardano had risen to a $0.3634. Cardano has been in free fall since reaching its all-time high. The TU analysts do not expect new price records, predicting that Cardano price can reach a range of $0.5801 – $0.7091 by the end of 2023.
Another increase in Cardano prices is not beyond question, given its ability to democratize finance and actualize a new universe of decentralized apps. However, thorough research is always advised if you're considering investing in Cardano.
Many people believe that Cardano (ADA) has the potential to grow. You can consider investing in Cardano to increase your overall crypto portfolio, but you should always keep more options open.
According to Traders Union experts, Cardano (ADA) will be worth between $0.6774 and $0.828 in 2025.
Popular cryptocurrency exchange sites, including Binance, Bybit, OKX, CoinTiger, and Bitgert. All support trading of Cardano (ADA), so you can easily purchase it from any of these platforms.
Prices for cryptocurrencies are influenced by demand and supply; the demand and value of a cryptocurrency rise with its level of popularity. The price will decrease similarly if there is a decrease in demand and a surge in the availability of a commodity due to its widespread sale.
Once you establish your trading position, check your trading pair on the site that you're using. There is typically a stop-loss limit option under the purchase and sale options. The trigger price for the stop-loss order can be entered. The coin must trade at this price for the order to go into action.
Investing in cryptocurrencies may be a bumpy ride. It's crucial to consider when to sell cryptocurrency in addition to buying it if you want to maximize your chances of success. When investing in equities, a decent rule of thumb is to purchase and hold for a minimum of five years.
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Over the past four years, Alamin has been working independently and through online employment platforms such as Upwork and Fiverr, and also contributing to some reputable blogs. His goal is to balance informative content and provide an entertaining read to his readers.
His motto is: I can dream or I can do—I choose action.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
