Cardano is one of the cryptocurrencies with many potentials apart from just being an asset class. In the upcoming years, you will see a lot of buzz about this cryptocurrency. So, our focus will be on studying the Cardano price prediction. Cardano was built based on strong research and has successfully created a large community over the years.
Here, we will study Cardano in detail.
What Exactly is Cardano?
Cardano (ADA) is the local badge of a proof-of-stake blockchain that goes by a similar name. The co-founder of Ethereum – Charles Hoskinson, was the person who founded Ethereum in the year 2015.
According to the Cardano foundation, their goal is to provide a platform to innovators and visionaries that help them to make the world a better place.
Cardano blockchain was created to be a more effective substitute for proof-of-work networks like Bitcoin or Ethereum. It is faster, cheaper, and more sustainable than PoW blockchains.
The first PoS consensus protocol, Ouroboros, which is extremely safe and, most importantly, is backed by academic research, powers the Cardano ecosystem.
Cardano Overview
| Cryptocurrency | Cardano |
| Ticker Symbol | ADA |
| Cardano Price Today | $0.38 |
| Circulating Supply | 34,572,231,146 ADA |
| All-time high | $3.10 |
| All-time low | $0.01735 |
| Cardano ROI | +1644.50% |
Cardano Price History and Technical Analysis
Source: cloudfront.net
Cardano is the 9th biggest cryptocurrency as per market capitalization. ADA – the native token of Cardano, has a large market capitalization of $8,672,316,422. The growth is derived from an increase in its usage.
In 2022, we saw huge damage in the cryptocurrency market; and ADA has also faced a lot of damage. In January, the price of ADA went to $1.59, and after that, it continuously traded at lower levels. It also touched the long-term support price of $0.40.
Despite the negative market trends since mid-March, ADA tried to recover, displaying a fairly bullish pattern supported by significant growth. The price of Cardano saw a huge retracement after crossing the $1.20 threshold and dropped below $1.
What Is the Purpose of Cardano?
Source: zipmex.com
Cardano was created to enable the sustainable and scalable creation of a range of decentralized applications, Defi tools, coins, and more.
You can use Cardano for the following things:
- Design, send and receive native tokens and NFTs (non-fungible tokens).
- Transactions can be given identity and context by adding metadata.
- Use transaction metadata to validate and verify any data, digital files, or even physical things.
- Create and control your own Cardano staking pool.
- Integrate Cardano technology into your current websites and platforms.
- Create a smart contract of your own.
Cardano Price Prediction for 2023
If we talk about 2023, the ADA Cardano price prediction ranges from $0.20 to $1.97. On average, its price will stay around $1.09. For 2023, we will see price predictions for each month.
Let’s see the prediction for each month of 2023.
| Month | Minimum Price | Maximum Price |
| January | $0.20 | $0.49 |
| February | $0.49 | $0.63 |
| March | $0.63 | $0.70 |
| April | $0.70 | $0.83 |
| May | $0.83 | $1.02 |
| June | $1.02 | $1.14 |
| July | $1.14 | $1.36 |
| August | $1.36 | $1.50 |
| September | $1.50 | $1.65 |
| October | $1.65 | $1.78 |
| November | $1.78 | $1.90 |
| December | $1.90 | $1.97 |
Cardano Price Prediction 2024
Let’s see Cardano Ada price prediction for 2024.
| Year | Minimum Price | Maximum Price | Average Price |
| January | $0.54 | $0.65 | $0.55 |
| February | $0.55 | $0.67 | $0.58 |
| March | $0.58 | $0.69 | $0.60 |
| April | $0.60 | $0.72 | $0.62 |
| May | $0.62 | $0.74 | $0.65 |
| June | $0.64 | $0.76 | $0.70 |
| July | $0.67 | $0.78 | $0.70 |
| August | $0.69 | $0.80 | $0.72 |
| September | $0.71 | $0.82 | $0.74 |
| October | $0.73 | $0.85 | $0.76 |
| November | $0.76 | $0.86 | $0.79 |
| December | $0.78 | $0.89 | $0.81 |
Cardano Price Prediction 2025
Here is the table showing the Cardano price prediction 2025.
| Year | Minimum Price | Maximum Price | Average Price |
| January | $0.81 | $0.98 | $0.84 |
| February | $0.84 | $0.97 | $0.87 |
| March | $0.87 | $1 | $0.90 |
| April | $0.90 | $1.04 | $0.93 |
| May | $0.93 | $1.08 | $0.96 |
| June | $0.96 | $1.12 | $0.99 |
| July | $0.99 | $1.16 | $1.02 |
| August | $1.02 | $1.20 | $1.05 |
| September | $1.05 | $1.23 | $1.08 |
| October | $1.08 | $1.27 | $1.11 |
| November | $1.11 | $1.31 | $1.14 |
| December | $1.14 | $1.35 | $1.17 |
Cardano Price Prediction 2026
Here is the table showing the Cardano price prediction for 2026.
| Year | Minimum Price | Maximum Price | Average Price |
| January | $1.18 | $0.65 | $1.21 |
| February | $1.22 | $0.67 | $1.25 |
| March | $1.26 | $0.69 | $1.29 |
| April | $1.30 | $0.72 | $1.34 |
| May | $1.34 | $0.74 | $1.38 |
| June | $1.38 | $0.76 | $1.42 |
| July | $1.42 | $0.78 | $1.46 |
| August | $1.46 | $0.80 | $1.50 |
| September | $1.50 | $0.82 | $1.54 |
| October | $1.54 | $0.85 | $1.59 |
| November | $1.58 | $0.86 | $1.63 |
| December | $1.62 | $0.89 | $1.67 |
Cardano Price Prediction 2027
Here is the table showing the Cardano price prediction for 2027.
| Year | Minimum Price | Maximum Price | Average Price |
| January | $1.67 | $2.01 | $1.73 |
| February | $1.73 | $2.08 | $1.78 |
| March | $1.78 | $2.14 | $1.84 |
| April | $1.84 | $2.21 | $1.90 |
| May | $1.89 | $2.28 | $1.96 |
| June | $1.94 | $2.35 | $2.01 |
| July | $2 | $2.42 | $2.07 |
| August | $2.05 | $2.49 | $2.13 |
| September | $2.11 | $2.55 | $2.19 |
| October | $2.16 | $2.62 | $2.24 |
| November | $2.22 | $2.69 | $2.30 |
| December | $2.27 | $2.76 | $2.36 |
Cardano Price Prediction 2028
Here is the table showing the Cardano price prediction for 2028.
| Year | Minimum Price | Maximum Price | Average Price |
| January | $2.36 | $2.86 | $2.46 |
| February | $2.46 | $2.97 | $2.55 |
| March | $2.55 | $3.07 | $2.65 |
| April | $2.65 | $3.18 | $2.75 |
| May | $2.74 | $3.28 | $2.84 |
| June | $2.84 | $3.39 | $2.94 |
| July | $2.93 | $3.49 | $3.04 |
| August | $3.03 | $3.60 | $3.13 |
| September | $3.12 | $3.70 | $3.23 |
| October | $3.22 | $3.81 | $3.33 |
| November | $3.31 | $3.91 | $3.42 |
| December | $3.41 | $4.02 | $3.52 |
Cardano Price Prediction 2029
Here is the table showing the Cardano price prediction for 2029.
| Year | Minimum Price | Maximum Price | Average Price |
| January | $3.53 | $4.18 | $3.64 |
| February | $3.65 | $4.35 | $3.77 |
| March | $3.77 | $4.51 | $3.89 |
| April | $3.89 | $4.68 | $4.02 |
| May | $4.01 | $4.84 | $4.14 |
| June | $4.12 | $5.01 | $4.27 |
| July | $4.24 | $5.17 | $4.39 |
| August | $4.36 | $5.34 | $4.52 |
| September | $4.48 | $5.50 | $4.64 |
| October | $4.60 | $5.67 | $4.77 |
| November | $4.72 | $5.83 | $4.89 |
| December | $4.84 | $6 | $5.02 |
Cardano Price Prediction 2030
Here is the table showing the Cardano price prediction 2030.
| Year | Minimum Price | Maximum Price | Average Price |
| January | $5.04 | $6.20 | $5.22 |
| February | $5.23 | $6.40 | $5.42 |
| March | $5.43 | $6.60 | $5.62 |
| April | $5.62 | $6.81 | $5.83 |
| May | $5.82 | $7.01 | $6.03 |
| June | $6.01 | $7.21 | $6.23 |
| July | $6.21 | $7.41 | $6.43 |
| August | $6.41 | $7.61 | $6.63 |
| September | $6.60 | $7.81 | $6.83 |
| October | $6.80 | $8.02 | $7.04 |
| November | $6.99 | $8.22 | $7.24 |
| December | $7.19 | $8.42 | $7.44 |
ADA Market Predictions By Experts
Source: vauld.com
When we are talking about price prediction of cryptocurrency, the view of experts is very necessary.
Most of the experts are bullish on Cardano. They have high hopes for it and are very positive about the future.
Let’s now move forward and see expert views.
Wallet Investor
The wallet investor has a positive view of Cardano and expects a bullish trend in the future. Wallet investors go beyond and expect the price to double in the future. It also estimates that Cardano’s price may reach $5 by 2027.
TradingBeasts
TradingBeasts is also very positive for ADA, but they are conservative and reserved in their expectations. They see a bullish movement in the future, but they do not expect the price to double in the next year.
Digital Coin Price
The estimates of Digital Coin Prices are much similar to Wallet Investor. They also consider Cardano capable of being $5. However, they think this price will be achievable in 2031. According to the platform, the price of the ADA is going to rise that too without any interruptions.
Gov Capital
Gov Capital is bullish on ADA; it thinks the coin can reach $10 in the upcoming five years. They also see the price getting double by the next year.
Cardano Recent Upgrades
Source: investingcube.com
There were many upgrades to Cardano’s smart contract, and ‘Alonzo Purple’ was the most impactful one. The upgrade brought a huge change in smart contracts; it has opened the doors for non-fungible tokens (NFT) and revolutionized the chain.
ADA also witnessed 100 million active wallets in May 2022, but the number of crypto wallets has doubled to 200 million in the last six months.
Cardano’s layer-2 scaling solution, Hydra, aids in the network’s transition to the commercial sector. 1000 Hydra nodes, each able to process 1000 transactions per second, will be introduced. If accurate, Cardano will be the world’s most scalable network.
On What Basis Does the Price of Cardano Change?
Source: cdn.coingape.com
Like the other assets, the price of Cardano is affected by demand & supply, and the demand and supply of Cardano can be affected by events like block reward halvings and protocol updates.
Cardano’s price is also affected by regulations, governments, cryptocurrency exchange hacks, and other big events happening worldwide.
Bullish and Bearish Price Prediction Patterns
Many traders make price predictions based on candlestick patterns.
Here are some bullish and bearish candlestick patterns:
| Bullish Patterns | Bearish Patterns |
| Hammer | Bearish Harami |
| Bullish Engulfing | Dark Cloud Cover |
| Piercing Line | Evening Star |
| Morning Star | Shooting Star |
| Three White Soldiers | Hanging Man |
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FAQs
1. Is Cardano Worth Investing in for the Upcoming Five Years?
As per the price forecasts, Cardano’s price is going to rise a lot in the upcoming five years. So, it is a good investment choice for the next five years.
2. Can Cardano Overtake Ethereum?
Cardano has a very good future but will it be able to overtake Ethereum? If you are asking this question, its answer will be – No. Cardano provides a similar platform to Ethereum but differs because its design is guided by research.
3. Where Can One Buy Cardano?
All renowned major exchanges like Binance, Coinbase, Bittrex, HitBTC, etc. The compliant exchanges also help you to trade ADA individually for fiat currencies like US dollars, EUR, GBP, etc.
4. Can You Stake ADA?
The Cardano holders can stake ADA, which rewards them in addition to the potential market price gains.
Final Thoughts
At last, we would say that Cardano is very popular and has a bright future ahead. Most of the experts are very bullish regarding its future price. Currently, it may be in a side-ways or a negative trend, but if anyone wants to invest money for the horizon of 5 years or more, it can turn out to be the best investment.
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