Cardano (ADA) is a platform for developing decentralized apps that uses the PoS consensus mechanism. It is a direct competitor of Ethereum. The key task of the platform is solving the problems of scalability and high transaction fees. The uniqueness of Cardano is its two-layer architecture that flexibly reacts to technological changes in the blockchain.
In August 2021, ADA price set an all-time high, having reached almost $3. The subsequent rollback coincided with the overall market stagnation. However, the coin retains potential for the next growth. Will Cardano price rise? How high can the ADA price go? What factors impact the coin price? You will find answers to these questions in this review.
Cardano price has been rising due to ongoing technology improvements by developers to increase speed, security and reduce transaction costs. Growing popularity is also a factor.
The overall cryptocurrency market performance impacts Cardano price. As the general market rises, ADA prices also tend to rise as investors diversify holdings across top coins.
Factors like the entire market recovering could see Cardano return to its all-time high of $3 in the long-term, though this scenario is seen as most optimistic.
Coinbase and Bybit are recommended as two of the best platforms to buy and trade Cardano.
There is potential for Cardano to continue growing long term, but volatility remains high in the crypto market.
Why is Cardano price rising? Key factors impacting the ADA price are as follows:
Technology improvement. Cardano developers continue to develop their blockchain technology and improve the protocol, including increasing transaction processing speed, improving security and reducing transaction costs. If Cardano successfully introduces these improvements, it could lead to increase of trust and interest in the cryptocurrency.
Growth of popularity. Cardano is becoming an increasingly popular cryptocurrency, especially among investors seeking alternatives to more stable cryptocurrencies, such as Bitcoin and Ethereum. Increasing popularity could lead to a spike in demand for ADA and, accordingly, growth of its price.
Overall market performance. The prices of cryptocurrencies from the Top 50 impact ADA price.Another reason for Cardano price increase is that investors are distributing their equity among all coins from the Top 50. If the cryptocurrency market is growing, ADA price is rising too.
Keep in mind that the cryptocurrency market is one of the most volatile markets. A seemingly strong upward trend may turn out to be short-lived.
TU analysts made a short-term ADA price prediction based on various time frames. The prediction is based on technical analysis indicators and the recommendation to Buy or Sell is made based on aggregate data.
NOTE!
Signals may differ on different timeframes. If you want to buy BTC 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
The duration of the upward trend depends on fundamental factors and investors’ trust. Practice shows that new highs can be reached only if positive fundamental factors supported by speculative capital simultaneously coincide. The key factor driving Cardano price is the growth of the entire market following BTC and ETH. However, after the bankruptcy of Terra (LUNA) and FTX, and introduction of regulatory restrictions, investors do not seem to be in a hurry to risk their money. Therefore, a new surge of cryptocurrency prices should not be expected in the next few years. Analysts are moderate in their assessment of Cardano’s prospects, calling the return of the price to $3 the most optimistic scenario.
| Month | Minimum Price | Maximum Price | Average Price |
|---|---|---|---|
| January 2024 | $0,351 | $0,429 | $0,39 |
| February 2024 | $0,356 | $0,435 | $0,396 |
| March 2024 | $0,361 | $0,442 | $0,402 |
| April 2024 | $0,367 | $0,448 | $0,408 |
| May 2024 | $0,372 | $0,455 | $0,414 |
| June 2024 | $0,378 | $0,462 | $0,42 |
| July 2024 | $0,384 | $0,469 | $0,426 |
| August 2024 | $0,389 | $0,476 | $0,433 |
| September 2024 | $0,395 | $0,483 | $0,439 |
| October 2024 | $0,401 | $0,49 | $0,446 |
| November 2024 | $0,407 | $0,498 | $0,452 |
| December 2024 | $0,413 | $0,505 | $0,459 |
| Month | Minimum Price | Maximum Price | Average Price |
|---|---|---|---|
| January 2025 | $0,419 | $0,513 | $0,466 |
| February 2025 | $0,426 | $0,52 | $0,473 |
| March 2025 | $0,432 | $0,528 | $0,48 |
| April 2025 | $0,439 | $0,536 | $0,487 |
| May 2025 | $0,445 | $0,544 | $0,495 |
| June 2025 | $0,452 | $0,552 | $0,502 |
| July 2025 | $0,459 | $0,561 | $0,51 |
| August 2025 | $0,465 | $0,569 | $0,517 |
| September 2025 | $0,472 | $0,577 | $0,525 |
| October 2025 | $0,48 | $0,586 | $0,533 |
| November 2025 | $0,487 | $0,595 | $0,541 |
| December 2025 | $0,494 | $0,604 | $0,549 |
Analysts believe that $0.25-0.30 is the price bottom for ADA. This means that after any upward trend, local rollbacks are possible at the very least, or complete return to the price bottom. The upward movement of ADA price is likely to coincide with the growth of the entire market, which will be a confirming ‘buy’ signal.
Cardano can be considered a second-tier coin that investors should keep an eye on. Following Ethereum’s transition to the PoS algorithm, along with sidechains, parachains and L2 solutions, Ethereum remains the sole leader among the platforms for developing decentralized apps. Younger networks, for example Solana, are also catching up to the leaders. Nevertheless, Cardano developers continue to develop the project in line with the roadmap. Therefore, the coin retains potential and can be added to the portfolio for risk diversification.
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.
Cardano uses a two-layer architecture with the settlement layer handling transactions and the compute layer running decentralized apps. Its Ouroboros proof-of-stake protocol secures the network.
The goal is to create a more sustainable and upgradable blockchain that can host decentralized applications and flexibly integrate new developments.
You can stake ADA through a Cardano wallet by delegating to a stake pool operator. Rewards are typically around 4-5% annually paid out weekly depending on the pool's performance.
The official Cardano wallets recommended include Daedalus, Yoroi and Adalite. Hardware wallets like Ledger and Trezor also support ADA.
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Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.
An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.
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Ethereum is a decentralized blockchain platform and cryptocurrency that was proposed by Vitalik Buterin in late 2013 and development began in early 2014. It was designed as a versatile platform for creating decentralized applications (DApps) and smart contracts.
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