The cryptocurrency industry is constantly evolving and expanding in unique ways. The emergence of Bitcoin has led to the creation of thousands of altcoins of various natures. Today, we have DeFi, Metaverse, GameFi, and more.
Ethereum and its layer 1 technology and revolutionary smart contracts completely redefined the way cryptocurrencies could be applied in the world of finance. One ofEthereum’s co-founders has since ventured off and launched a separate crypto project, Cardano, which attempts to improve on the winning formula in many ways.
As Cardano is one of the projects named as a potential “Ethereum Killer”, there is serious potential for the Cardano’s blockchain and its native cryptocurrency ADA to greatly benefit if it can take the leadership position, or if Ethereum scalability issues force the top altcoin off its throne. The problems plaguing Ethereum are allowing Cardano and other layer 1 blockchains to gain broader adoption.
The following Cardano price prediction guide will help investors better understand the future of Cardano, the ADA cryptocurrency, and more.
What Is Cardano? (ADA)
Cardano is an open-source, decentralized blockchain protocol that utilizes the Ouroboros proof-of-stake consensus mechanism and the digital ADA coin to facilitate peer-to-peer transactions. ADA is awarded for participating in a staking pools, that validate transactions on the blockchain.
Cardano is among the largest proof-of-stake blockchains and is written in the Haskell programming language designed for teaching, research, and industrial driven applications. According to the Cardano website, it is the first coin in existence with a “scientific philosophy and research-driven approach”.
Cardano is appropriately named after the famous Italian mathematician Gerolamo Cardano, who invented the combination lock and the Cardan shaft, which is used in transmission-based vehicles to this day. The ADA cryptocurrency is also named after the English mathematician Ada Lovelace who developed the first ever published computer algorithm. One single ADA coin is further divisible into 1,000,000 Lovelace subunits.
Cardano’s cryptocurrency ADA has a max supply of 45,000,000,000 ADA and the currently circulating supply is just under 34,000,000,000 ADA. It currently ranks 8th on the list of the top ten cryptocurrencies by total market capitalization and has a market dominance of 1.60%. Cardano’s all-time high price was $3.09 per ADA, and an all-time low price of $0.017 per ADA.
Cardano Launch And Origin Story
Cardano’s official website says it is a “blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.”
Cardano was founded by Ethereum co-founder Charles Hoskinson in 2015 with the goal of developing a “more balanced and sustainable ecosystem” for digital assets. It was later launched in 2017 after two years of development. The project was the result of Hoskinson and Vitalik Buterin’s disagreement on how to fund Ethereum, prompting Hoskinson to leave the project and take on his own. Hoskinson wanted to take on venture capital to help the project grow while Buterin sought to keep Ethereum as a non-profit.
Cardano’s codebase is regularly subjected to strict peer review by scientists and the programming community. Cardano aims to be a platform for developing smart contracts and decentralized applications, and is itself considered a third-generation blockchain and upgraded version of Ethereum, while Ethereum is only considered a second-generation platform.
The Cardano Foundation is now overseeing the project from its headquarters in Zug, Switzerland., with participationfrom the Hoskinson-led IOHK, and EMURGO — a global blockchain technology company providing solutions for developers, startups, enterprises, and governments. Each company was created by Cardano’s founder Charles Hoskinson.
Cardano Blockchain And Ouroboros Proof-of-Stake Protocol
Cardano is a greener and more energy-efficient cryptocurrency than other top coins like Bitcoin and Ethereum thanks to the proof-of-stake consensus mechanism called Ouroboros — named after the circular symbol for eternal resurrection and destruction, depicted by a serpent or dragon devouring its own tail.
For example, the coin’s creator Charles Hoskinson claims that Cardano only uses about 0.01% of what the Bitcoin network consumes annually. Like Bitcoin, Cardano utilizes a UTXO ledger model. Cardano’s model has been extended to run smart contracts. Interestingly, Hoskinson first got his start with crypto in something called the Bitcoin Education Project before joining the team of five original founders of Ethereum — the most popular smart contract and largest layer 1 blockchain today.
Smart contracts were implemented as part of Cardano’s Alonzo soft fork and enabled support for DeFi, NFTs, and more. Cardano development takes place across “eras” which — like other aspects of the project — are named after influential figures. The eras include Byron, Shelley, Goguen, Basho, and Voltaire. The current era, Basho, focuses on the expansion of Cardano’s capabilities, while Voltaire will conclude development after introducing governance and treasury management to the platform.
Once development around Voltaire is complete, the plan is for the Cardano blockchain to be released to the community as a fully decentralized crypto project. Future updates will be based on community voting and participation using the ADA cryptocurrency for governance.
The Ouroboros proof-of-stake consensus model generates new ADA through rewarding staking pools, which act as validators. ADA holders can optionally participate either as a stake pool owner or stake pool operator. Cardano supports the Daedalus ADA wallet. The Daedalus wallet is the ideal place to stake ADA, however, staking pools are expanding by the day as crypto adoption grows. Be sure to check the reputation of the staking pool before staking.
Important Factors Influencing Cardano Price Predictions Explained
Several important factors influence the volatility of an asset at any given time and drive the price action behind each change in trend. Altcoins like ADA can be especially volatile as recent investors have learned. Here are the primary factors influencing Cardano price predictions.
The demand for Cardano is consistently high as ADA enjoys some of the highest popularities on social media. The low cost per coin combined with its huge potential as a decentralized application and smart contract platform, make Cardano a high-demand cryptocurrency for the future. It is currently regularly found in the top ten cryptocurrencies by market capitalization ranked in 8th place.
Despite being popular in the crypto market, cryptocurrencies in general have recently fallen out of favor with mainstream investors and have seen a decline. Cardano still remains one of the lower-cost-to-entry coins in the top ten crypto assets, so it has a lot of retail investor and community support.
At any moment demand could return to DeFi, NFTs, Metaverse, and other smart contract-centric decentralized applications and this time Cardano is ready for when the trend reemerges. Having the proper support and smart contract capabilities could be a game changer for ADA’s value.
All assets depend on a delicate balance between supply and demand. Whilethere are constant waves of strong demand for Cardano which lead to ADA price appreciation, there has recently been an enormous increase in the supply side of the market due to an ongoing bear market and sell off in crypto.
ADA’s large supply is both a blessing and curse for Cardano, which is representative of the same outer circle of destruction and rebirth that the name Ouroboros symbolizes. The large coin supply also means that prices are lower making it easier for people to invest in compared to more expensive coins like Bitcoin.
The United States Federal Reserve raising interest rates and tightening its monetary policy has dealt a damaging blow to the global stock market and all cryptocurrencies across the board. The riskier the altcoin, the greater the collective top-to-bottom drawdown.
Crypto investors and traders fear the onset of a potential recession, or in their panic,cash out assets to pay for the rapidly rising cost of living. They don’t have as much spare cash to put into cryptocurrencies like ADA. If the macro situation turns around, Cardano could return to positive growth in a flash.
The competition among other layer 1 blockchains could either dominate Cardano in the coming years or Cardano could overtake Ethereum as the best platform for DeFi, NFTs, and other Web 3.0 developments.
Other layer 1 blockchains include BNB Smart Chain, Solana, Avalanche, Algorand, Polkadot, Terra, Near Protocol, Ethereum, and more. Even Bitcoin is a layer 1 blockchain. It is up to Cardano to outperform these other promising crypto projects.
Cardano Past Performance: A Complete Price History Of ADAUSD
Cardano received funding through a popular fundraising method at the time called an Initial Coin Offering (ICO). The ADA token sale ended on the last day of 2016, giving it a head start in 2017. The project raised 100% of its presale goals, with $62 million raised in just three months. 57.6% of the 45,000,000,000 max token supply were available as part of the pre-sale. Since the ICO, Cardano has delivered 200 times the return on the dollar and 8 times better performance than Bitcoin over the same time period.
Although prices were still minor compared to today, regular price action with sufficient trading volume began in mid-to-late 2017. Almost immediately after listing on popular crypto exchanges, ADAUSD began to soar as part of the altcoin season and bull market of 2017. At the time, Bitcoin became a household name and altcoins across the board outperformed the top cryptocurrency — Cardano included.
In a matter of weeks, Cardano has risen from just over a 1 cent per ADA to over $1 per coin. ADAUSD then suffered its first major bear market and crypto winter, retracing all the way back down to a cent on “Black Thursday” in 2020. From then, Cardano went on to set a new all-time high of above $3 per ADA. After another dramatic drawdown and a bear season, Cardano is trading at $0.48 per ADA again. Is it time to buy the ADA dip?
How Is Cardano Doing Now?
Cardano and other cryptocurrencies have just experienced a shocking decline and are back to prices from many years ago. But because of this fact, there is a better chance that the crypto market will rise in the next two quarters and beyond. Buying here could be the bottom even if it takes a while for prices to rise again.
Cardano’s creator, Charles Hoskinson, believes that the current crypto winter will be a long one, tweeting:
“If this is your first crypto winter, then welcome. Been through many since 2011 and they always hit like a cold ice bath. We are in the panicked blood in the street phase. It clears in weeks to months as a bottom is found. Then a long climb up the ladder.”
Mr. Hoskinson continued, pointing the finger at wealthy institutional investors and Wall Street types as the reason for the major correction:
“This was always the danger of inviting the Wall Street types in… And when the markets go not in the direction they want, they dump it. They tread crypto just like any other asset and label it as an exotic high-risk one. When the markets do not go in the direction they want, they dump it.”
Cardano is currently trading around $0.48 per ADA token. Cardano could be a good opportunity and worth buying at current levels, which are equivalent to prices traded at in 2017. At the same time, Cardano could be at risk of an extended crypto winter, as the coin’s creator warns. But the risk versus reward is better than it has been in a very long time.
Short-Term Cardano Price Prediction 2022
The ADA altcoin has had a very challenging 2022, as have other cryptocurrencies, but the ongoing crypto winter may soon be over, or already is. The chart below displays automated month-by-month Cardano price predictions for 2022.
Long-Term Cardano Price Prediction 2023, 2024, & 2025
At that point, Cardano could become the dominant smart contract platform and might have overtaken Ethereum. The below chart displays automated Cardano price predictions quarter-by-quarter for 2023, 2024, and 2025.
Long-Term Cardano Price Prediction 2026 - 2030
The future is bright for cryptocurrencies and in another five to ten years, anything is possible for ADA and other altcoins. The below chart displays automated Cardano price predictions year-by-year for the years 2026, 2027, 2028, 2029, and 2030.
Long-Term Cardano Price Predictions From Experts
Getting a wide range of opinions from industry experts can help with any persuasion needed before taking the risk investing in Cardano. Remember, experts are people too and people can be incorrect. There is no way to always accurately predict the future, and the opinions below are based on probabilities and are not a guarantee of results or performance. Always do your own research in addition to reading the analysis of others.
Warning: Before you read CoinQuora’s price prediction, you might want to sit down. The highly optimistic visionaries call for a price of $700 per ADA by 2030. Buying today would make you rich beyond your wildest dreams in just eight years time. However, take this target with a grain of salt as this is beyond bullish to the point of being unreasonable.
The team of experts at the Changelly blog put Cardano somewhere between a high of $23.19 and a low of around $19.67 in the year 2030. This prediction is a lot more reasonable, despite being on the higher end of the collective expert forecasts.
CoinPedia only looks as forward as 2025, but the forecast is just as valid as the others, if not more so. Long term predictions are hard to get right. Shorter term calls are easier to see coming. CoinPedia only expects a high of $2.25 and a low of $1.61 in 2025. This suggests that even years later Cardano hasn’t reached a new peak over its 2021 crypto bull market peak.
While CoinPedia gave us the shortest term outlook, CoinPriceForecast gives us the longest projection all the way to the year 2034. Despite the long-term target, this analysis site believes Cardano will still be stuck below resistance and trade at $2.96 for the year-end high.
Ouch. Although the name of the site has the word long in it, if their forecast is correct then shorting ADA is a better idea. They shockingly predict an even bigger drop for Cardano, with ADA trading at $0.24 in 2024.
Price Prediction By Margex Technical Analysts
The Margex trading platform and its team of on-chain and technical analysts have provided a detailed Cardano forecast to compare against the automated and expert Cardano price predictions offered by others or through AI above. Please note, this is not investment advice and price predictions are subject to change. Always do your own research and never invest more than you can comfortably afford to lose.
Cardano appears to have completed a high timeframe retest of resistance turned support. Essentially, in markets, after a significant resistance level is breached, prices sometimes come back down to signal to the market this range is history, and the market needs to try for the opposite direction.
Surpassing its current all-time high of $3.10 per ADA could cause another bullish rally. If the correction was indeed a retest to confirm support, a powerful bullish move could follow. Based on mean reversion alone, ADA is more likely to appreciate in value. Measured targets from the last bull market peak to the bottom project highs of as much as $10 by the year 2030. But if Cardano adoption can outpace Ethereum, it could come as soon as 2025 based on the coin’s popularity alone.
Cardano, Ouroboros, ADA, Lovelace. There is a ton of confusing terminology surrounding ADA and the recent downtrend in crypto makes price action extra confusing.
This FAQ is designed to answer commonly asked questions related to ADA and Cardano price predictions.
Will Cardano go up in 2022?
Expert projections predict that Cardano has a strong probability of going up in the short term after such a serious retracement in price. Still, remember to do your own research before taking a position, use proper risk management, and never invest more than what you can afford to lose.
Is Cardano worth investing in 2022?
ADA cryptocurrency could very well be worth investing in in 2022 after a 90% correction of the asset. Most of the gains of the last bull market gains have been erased t, which could bring renewed interest from the investment community.
What will Cardano be worth in 2025?
According to the information above, Cardano could have a rough time making it past its current all-time high at $3.10 per ADA through 2025, but those who can hang on just a little longer should see a large bullish breakout in the years to follow as most price projections in 2030 are near $10 or significantly higher.
What will be the value of Cardano in 2030?
Cardano could be as valuable as $10 per token to as much as $700 per coin depending on which expert analysis you consider. Price predictions on ADA fluctuate more widely than many other coins we compare. However, it is challenging to accurately predict prices this far out so take all long-term analysis with a grain of salt.
Will Cardano be the next Bitcoin?
Cardano will never be the next Bitcoin because they are not intended for the same use cases. Nothing can become the next Bitcoin as it was the first cryptocurrency and the idea that gave birth to an entire industry and put blockchain technology on the map.
Can Cardano overtake Bitcoin?
Cardano could possibly overtake Bitcoin in terms of total market cap and value but even that is improbable. Bitcoin has a first mover advantage and the most regulatory support and framework. In practice, however, it is impossible for Cardano to overtake Bitcoin on a price per coin basis. Cardano simply has too large of a max supply of 45 billion ADA compared to 21 million BTC.
Is Cardano an Ethereum Killer?
Only time will tell if any competitor is able to dethrone Ethereum as the largest layer 1 blockchain. Cardano is one of many layer 1 technologies seeking to do so, but current Ethereum outranks Cardano by a considerable margin. Other layer 1 blockchains include Algorand, Avalanche, Solana, and more.
Can ADA reach $10?
According to a variety of predictions models and expert forecasts, ADA is perfectly capable of reaching $10 in the long-term future. It could take as long as 2030 to get there, but isnt it worth holding for eight years for a 20x return on investment? The highest predictions had Cardano at between $20 and $700 so anything is possible and $10 seems reasonable by comparison.
Is Cardano a good buy?
Because Cardano very well could eventually reach prices of $10 and the other price predictions and targets from experts and analysts listed above, it is a good buy at current prices. Most cryptocurrencies have proven to be a good buy if held long enough. Even investors who bought the 2017 top ahead of the last bear market had they held long enough would have three times the profit at the most recent 2021 peak
Does Cardano have a future?
Cardano has a bright future and one of the largest and most engaged investor communities. The development team is also working hard to bring new updates and improvements to Cardano. In terms of potential price appreciation, after a 90% drawdown, the future could produce profitable results.
How to trade Cardano at Margex?
It is easy to trade Cardano at Margex. The stylish and intuitive user experience makes it simple to place a buy or sell order for many of the most popular digital assets today. The platform also features built-in technical analysis tools so you can do your own analysis and make your own Cardano price predictions.