Whatever type of cryptocurrency you invest in, deciding whether to hold or sell it can be one of your most difficult decisions. Cardano (ADA) is no exception. 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).
Cardano is a proof-of-stake consensus blockchain platform similar to Ethereum but with a focus on peer-reviewed research.
Reasons to potentially sell ADA include tight monetary policy hurting crypto demand, the possibility of further price drops, and its lower adoption compared to Ethereum.
Reasons to hold ADA include its similarities and potential to surpass Ethereum, its significantly lower price after corrections, growing NFT and metaverse applications, full decentralization, and the team's experience.
Exchanges like Bybit and Coinbase can be used to sell ADA.
Generally, the decision to hold or sell depends on your investment timeline and needs for cash flow, but ADA remains a top cryptocurrency project with innovation in the blockchain sector.
Cardano (ADA) is defined as a public third-generation blockchain technology like Ethereum that also offers a great platform for DApp development. But the fact of the matter is that it differs from other blockchain platforms in multiple ways. The biggest difference is that it’s the very first blockchain platform that comes with a unique strategy based on peer-reviewed scientific research. It's, in fact, one of the core principles of Cardano.
| Cardano Price 1y Return | 131.69% |
| Cardano Price 1m Return | 37.81% |
There is a possibility that a tight monetary policy by the Federal Reserve could cause a decline in the demand for Cardano (ADA).
The Fed has been tightening monetary policy over the past year, which will likely continue in the coming months. This could decrease the demand for all cryptocurrencies as investors move their money into more traditional assets.
Even though the price of Cardano has dropped significantly from its all-time high, there is still a possibility that it could fall even further in the near future. This is because the cryptocurrency market is still in a bear market, and most cryptocurrencies are still trading at prices far below their all-time highs, even though the market is currently in a bull market overall.
Therefore, there is a possibility that the price of Cardano could fall further in the short term before it starts to recover fully in the long term.
In terms of its adoption by traders, Cardano is still far behind Ethereum. This is because Ethereum has a much larger developer community and a more established ecosystem of applications. The reason Cardano has a relatively small number of users compared to Ethereum is that the platform is still in its early stages of development and adoption.
Therefore, it is possible that Cardano will never achieve the level of adoption that Ethereum has. This could lead to a further decline in the price of Cardano.
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.
Cardano is a new cryptocurrency that is similar to Ethereum in many ways. Cardano and Ethereum use a blockchain platform to run smart contracts and decentralized applications.
However, there are several key differences between the two platforms. Cardano is built on a proof-of-stake consensus algorithm, whereas Ethereum uses a proof-of-work algorithm. This means that Cardano is more energy efficient than Ethereum. Cardano also has a more sophisticated programming language for more complex smart contracts.
Finally, Cardano plans to integrate with fiat currencies, making them even more widely used. For these reasons, Cardano has the potential to surpass Ethereum.
The price of Cardano (ADA) has dropped significantly since its all-time high of $3.10 in September 2021. This is not surprising, given that the entire cryptocurrency market has experienced a bear market over the past year. However, Cardano's price has dropped more than most other cryptocurrencies.
This could be because Cardano is a relatively new cryptocurrency and has not yet been widely adopted. However, as the price is now much lower than it was just a few months ago, this might offer a good buying opportunity for investors who believe in the long-term potential of the platform.
The development of the non-fungible token (NFT) market and metaverse could be a significant driver of Cardano's price in the future. An NFT is a digital asset representing anything from a piece of art to a virtual world. The metaverse is a virtual world created by the interaction of multiple users.
Using Cardano, NFTs can be created and traded in the metaverse. This would be a primary use case for the platform and could lead to significant price appreciation if it is successful.
Cardano is a fully decentralized platform that is not controlled by any central authority. This is one of the key advantages of cryptocurrencies and is a significant reason they have become so popular. Decentralization also makes Cardano more secure, as there is no single point of failure that hackers could exploit.
The popularity of cryptocurrencies has been increasing over the past few years. This is due to several factors, including the increasing awareness of the general public, the development of new applications, and the rise of institutional investors.
Likely, the price of Cardano will also increase in the coming years as the popularity of cryptocurrencies continues to grow.
Cardano has a solid team, led by Charles Hoskinson, who is also a co-founder of Ethereum, which means they are all committed to the project. In addition to their experience and track record of success, the team consists of professionals.
Additionally, they have been backed by many well-known organizations, including the Cardano Foundation and Input Output Global (IOG).
The Cardano platform has developed several meaningful partnerships that are helping the platform to be adopted by many people.
A few of the most significant partnerships have been established with governments and other agencies such as Ethiopia, New Balance, and Algorand.
To find a better entry point, also find out what TradingView technical analysis tool signals for the Cardano price for the next month. "Sell" or "Strong Sell" means that most signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish.
Here are the Cardano price predictions for 2023, 2025, 2030:
According to TU analysts price predictions at the 2023 year end Cardano (ADA) can reach $0.7091, in 2025 Cardano can reach $0.828 as well in 2030 it can reach $1.7971
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| May 2024 | $0,53 | $0,589 | $0,648 |
| June 2024 | $0,537 | $0,596 | $0,656 |
| July 2024 | $0,544 | $0,604 | $0,665 |
| August 2024 | $0,551 | $0,612 | $0,673 |
| September 2024 | $0,558 | $0,62 | $0,682 |
| October 2024 | $0,565 | $0,628 | $0,691 |
| November 2024 | $0,573 | $0,636 | $0,7 |
| December 2024 | $0,58 | $0,645 | $0,709 |
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $0,588 | $0,653 | $0,718 |
| February 2025 | $0,595 | $0,662 | $0,728 |
| March 2025 | $0,603 | $0,67 | $0,737 |
| April 2025 | $0,611 | $0,679 | $0,747 |
| May 2025 | $0,619 | $0,688 | $0,756 |
| June 2025 | $0,627 | $0,697 | $0,766 |
| July 2025 | $0,635 | $0,706 | $0,776 |
| August 2025 | $0,643 | $0,715 | $0,786 |
| September 2025 | $0,652 | $0,724 | $0,797 |
| October 2025 | $0,66 | $0,734 | $0,807 |
| November 2025 | $0,669 | $0,743 | $0,817 |
| December 2025 | $0,677 | $0,753 | $0,828 |
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2030 | $1,276 | $1,417 | $1,559 |
| February 2030 | $1,292 | $1,436 | $1,579 |
| March 2030 | $1,309 | $1,454 | $1,6 |
| April 2030 | $1,326 | $1,473 | $1,621 |
| May 2030 | $1,343 | $1,492 | $1,642 |
| June 2030 | $1,361 | $1,512 | $1,663 |
| July 2030 | $1,378 | $1,532 | $1,685 |
| August 2030 | $1,396 | $1,551 | $1,707 |
| September 2030 | $1,414 | $1,572 | $1,729 |
| October 2030 | $1,433 | $1,592 | $1,751 |
| November 2030 | $1,451 | $1,613 | $1,774 |
| December 2030 | $1,47 | $1,634 | $1,797 |
If you are interested in selling Cardano, you can do so by completing the following steps:
Choose your favorite crypto exchange
Buy or deposit the ADA
Navigate to the ‘selling’ area
Hit sell to begin the transaction
Once the process is complete, transfer the money to your account
Overall, if you are trying to decide whether to sell or hold our ADA, this largely depends on your financial needs and preferences. On the one hand, if you can afford to invest in ADA long-term, holding your crypto could prove quite lucrative over time. On the other hand, if you need to boost your cash flow in the near future, it may be a good idea to sell it. Either way, ADA is one of the top cryptos on the market with an innovative blockchain that is transforming the financial sector as we know it.
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.
Risk tolerance and goals vary – typical advice is no more than 5% of total portfolio in a single high-risk crypto project. Diversify.
45 billion, with around 35 billion currently circulating. No new coins are created through mining; staking rewards come from transaction fees.
Typically 4-5% annually paid in ADA for delegating to a stake pool to validate transactions on the network. Rewards fluctuate based on the number of stacked coins.
Yes, for exposure and to learn. But fees may consume a larger % of a small position. Dollar cost averaging is a better strategy for smaller portfolios.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.
