Cardano (ADA) Price Prediction 2024—2030
- DDDforward
- 2024-03-20 10:30:32935browse
Cardano is a "third generation" cryptocurrency created by Ethereum co-founder Charles Hoskinson. It aims to solve several problems faced by Ethereum, such as scalability, interoperability and improving decentralization.
That being said, many Cardano supporters believe ADA could one day disrupt ETH, although ADA was recently hit hard after the SEC labeled Cardano and several other major coins as securities. .
This article provides our Cardano price prediction, dissecting its long- and short-term potential and whether it can surpass Ethereum.
Addacoin Price Prediction Summary
- Addacoin is priced at $0.6359, up 72% over the past month since joining the market rally in late 2023.
- ADA is down 79% from its September 2021 all-time high (ATH) of $3.10.
- Our ADA price forecast predicts an average price of $0.55 by the end of 2023.
- According to our 2025 Cardano price prediction, the price may reach its highest peak in 2025, reaching $3.50.
| Lowest Price | Average Price | Highest Price | |
| 2023 | $0.32 | $0.55 | $0.90 |
| 2024 | $0.45 | $0.95 | $1.55 |
| 2025 | $2.10 | $2.80 | $3.50 |
| 2030 | $2.80 | $4.40 | $6 |
Cardano Price History
Cardano was founded in 2015 and launched in 2017. Cardano’s initial coin price was $0.02461, according to CoinMarketCap.
Thanks to the track record of Charles Hoskinson, the coin quickly gained momentum, with the community dubbing it the “ETH killer” and the next explosive cryptocurrency. The price surged during the 2018 bull run, hitting a new ATH of $0.997.
Following the bull run of 2018, prices have fallen again, trading below $0.10 for much of 2019.
By 2021, the Cardano price began to explode along with the rest of the market, eventually reaching a peak price of $3.10 in September 2021.
However, the price is currently down 79% from ATH. In comparison, Ethereum is down 54% from ATH.
One of the reasons is that the Alonzo hard fork of the Cardano network failed to meet expectations in 2021, sparking criticism and FUD. However, the Vasil upgrade in September 2022 appears to make up for this, increasing Cardano’s scalability and lowering network transaction fees.
To add insult to injury, the U.S. Securities and Exchange Commission recently sued Binance and Coinbase, accusing them of selling unregistered securities. In the SEC’s complaint, Cardano was classified as a security. This caused ADA to lose 27% of its value over the next week.
Cardano price has since stabilized, finding strong support at $0.24. This price held up until October 19, when Cardano opened at $0.2430. Thereafter, the chart trended steadily upward, turning parabolic on December 1st. Cardano has gained 162% since October 19 and currently trades at $0.6359.
Adacoin Price History Key Points:
- Adacoin was launched in 2017 with an initial price of $0.02461.
- After launch, Cardano price peaked at $0.997 before entering a bear market in 2019.
- ADA created $3.10 in new ATH in 2021.
- Cardano has gained 161% since mid-October, when the price was $0.2430.
- The current price is $0.6359, down 79% from ATH.
2023 ADA COIN PRICE PREDICTION
As the end of 2023 approaches, ADA Coin is performing strongly, rising 161% in less than 2 months, breaking through $0.65 – a valuation not seen in 18 months. After such positive price activity, a pullback is expected by then this year. However, between now and the end of the year, we may see a pullback and another rally.
That’s why our 2023 Cardano price predictions range from a high of $0.90, a low of $0.32, and a median of $0.55.
| 2023 | Price Prediction |
| Low | $0.32 |
| Average | $0.55 |
| High | $0.90 |
2024 ADA Price Prediction
Although the SEC said in its lawsuit against Binance and Coinbase that it considers Cardano’s ADA (and many other tokens) to be a security, there is no indication that Indicate what actions they may take against the issuers of these tokens.
The recent XRP lawsuit has been dropped by the SEC, which is expected to approve a Bitcoin ETF in 2024, and the Federal Reserve has also hinted that it may lower interest rates. This is more positive news for the cryptocurrency market, which is showing all signs of emerging from the long crypto winter at the end of 2023.
Looking ahead to 2024 for Cardano, we will usher in the Voltaire era, where on-chain governance structures and treasury will be introduced, and the blockchain will become truly decentralized. However, this does not mean development stops, with partner chains, the privacy-focused Mithril protocol and the Hydra state channel scaling solution all scheduled for mainnet release in 2024.
With all this positive news in mind, we expect Cardano to have a bright year ahead, with our Cardano price prediction predicting a price of $0.95 by the end of 2024. Our ADA forecast also predicts a maximum price of $1.55 and a minimum price of $0.45.
2025 Cardano Price Prediction
Looking ahead to 2025, the Cardano ecosystem is expected to flourish as dApps continue to be launched and the DeFi ecosystem continues to grow - according to DeFiLama , Cardano is the 9th largest chain by TVL, with Cardano TVL growing by 241% in 2023.
By 2025, the legal woes facing many of the largest exchanges are likely to have been resolved, the macroeconomic situation is likely to improve, and cryptocurrency regulation and adoption across the globe is likely to become more stable.
In 2025 we may also see the price impact of the Bitcoin halving that occurs in 2024. Historically, Bitcoin and many altcoins see new ATH 12-18 months after the Bitcoin halving event. , this time, will fall in 2025.
All in all, this provides a very positive outlook for ADA prices in 2025. Therefore, our ADA price prediction estimates a price of $2.80 by the end of 2025. We also predict a potential new ATH of $3.50 in 2025, with a low of $2.10. It all depends on Cardano’s continued growth, the outcome of the SEC’s “security” charges, and the continued improvement of the global economy.
Addacoin Price Prediction for 2030
Addacoin presents one of the most ambitious and interesting use cases of all layer-1 blockchains. Its focus on global mass adoption gives it great potential for success and also helps reduce the possible impact of SEC security-based claims.
In 2023, Cardano’s DeFi ecosystem experienced tremendous growth, from a handful of protocols at the beginning of the year to more than 30 protocols online by the end of the year. Cardano also gained access to both centralized and decentralized stablecoins during this time, with some of its DeFi protocols focusing on bringing real-world assets on-chain for DeFi use. All of this lays a solid foundation for the future.
Adacoin aims to be the most secure, decentralized and scalable layer 1 blockchain, taking a pragmatic and research-based approach to all elements of its development. While it remains to be seen whether it will ultimately succeed, by 2030 Cardano will have fully operational decentralized governance and a host of dApps built on top of its successful DeFi ecosystem.
Looking at 2030 from a broader perspective, we can also expect cryptocurrency regulation and adoption to grow significantly at this time, which will help drive the narrative that Cardano, a long-time member of CoinMarketCap’s top 10, will be one of the blockchains to emerge and help improve our global society.
With this in mind, our Cardano price prediction predicts an average price of $4.40 in 2030, with a maximum valuation of $6. However, recent regulatory scrutiny could hinder its long-term growth, leading to potential lows of $2.80.
Possible Highs and Lows of Cardano
Despite its limitations, Cardano is still one of the best altcoins with huge potential. The chart below shows the coin’s predicted highs and lows from 2023 to the 2030s.
| year | lowest price | highest price |
| 2023 | $0.32 | $0.90 |
| 2024 | $0.45 | $1.55 |
| 2025 | $2.1 | $3.50 |
| 2030 | $2.80 | $6 |
What other analysts are predicting for Cardano
The best way to determine the future price of Cardano is to combine the predictions of multiple analysts. We have compiled the views of various experts and media below.
Cardano enthusiast Dan Gambardello predicts in this video that Cardano will most likely hit $11 sometime in 2025 during this bull run.
According to the Changelly blog’s ADA price prediction, the coin’s price could reach a high of $1.48 in 2025 and $9.71 by the end of 2030 point.
AMBCrypto does not expect major changes in Cardano over the next few years, with a high of $0.79, a low of $0.52 and an average price of $0.66 in 2025 Dollar.
The CoinCodex website predicts that ADA will reach a median price of around $1 in 2030, with a predicted high of $1.447016 and a low of $0.772063.
The CryptoNewz platform predicts that Cardano’s ADA will reach a new ATH in 2030, with a predicted high of $4.49.
What is ADA and what is it used for?
Cardano is a layer-1 blockchain focused on scalability, decentralization, and security. It is open source and uses a proof-of-stake consensus mechanism.
ADACoin’s native utility token ADA is used to pay for gas and is also staked by validators to ensure network security.
For anyone who has read our Ethereum price prediction, there may seem to be little difference between the two cryptocurrencies other than the number of dApps, users and transaction volume. However, there are several important differences between the two.
The main difference is how the consensus mechanism operates. For Ethereum, verification nodes process both transactions and smart contracts. On Cardano, transaction and smart contract data are separated into two layers and calculated separately. Theoretically, this means Cardano can compute more data and is therefore more scalable.
ADACOIN OVERVIEW
During the last bull run, ADA was one of the best cryptocurrencies of the altcoin season. But prices have since plummeted, and it remains to be seen whether they can recover. Below we've summarized Carado's current price indicators.
| Cryptocurrency | ADACoin |
| Stock Code | ADA |
| Rank | 7 |
| Price | $0.6359 |
| 24-hour price change | -1.77% |
| Market value | $22,469,577,888 |
| Cyclic supply | 35,333,685,388 ADA |
| 24-hour trading volume | 972 million US dollars |
| All-time high | $3.10 |
| All-time low | $0.01735 |
What affects the price of ADA?
With the background of Charles Hoskinson and the potential of Cardano, Cardano quickly gained notoriety in the crypto community after its launch.
Compared to other blockchains, Cardano’s price is subject to speculation, with investors hoping that it might one day flip Ethereum.
Going forward, however, adoption and ecosystem development will increasingly impact Cardano’s price. If ADA proves to be a more user-friendly and decentralized option than Ethereum, we will definitely see ADA capture some of ETH’s liquidity.
Another impact is the SEC’s ongoing litigation against Coinbase and Binance and the regulator’s comments on classifying ADA as a security. An SEC victory in these cases, or a lawsuit against the creators of ADA, could jeopardize the price of ADA. However, a loss in the SEC lawsuit could boost the price of Cardano.
The ultimate impact on ADA’s price will depend on its integration with other cryptocurrencies. Cardano is largely isolated from other blockchains, making it difficult to move cryptocurrencies in and out of the chain.
In the future, we expect developers to create more bridges, cross-chain exchange protocols, and potentially sidechains to port Ethereum dApps to Cardano. Once this happens, we could see liquidity flowing into Cardano, pushing the ADA price higher.
Is ADA worth buying?
Ethereum has always been an important blockchain for third-layer innovation, the birthplace of everything from NFTs to the Metaverse to DeFi. However, there are over 1,000 dApps in development on the Cardano blockchain, and Cardano founding member Emurgo announced in 2022 that it would invest $200 to advance the Cardano ecosystem.
Overall, the ADA ecosystem looks ready to thrive, potentially making ADA one of the best cryptocurrencies to buy. Nonetheless, the SEC’s recent charges must be considered as they could significantly lower the price of Cardano.
Conclusion
Cardano has a strong community that believes in the potential of the project. Nonetheless, Cardano has plummeted over 90% since ATH, and continued FUD could lead to further losses.
However, we have created a top list of the best cryptocurrencies to buy today. Click the button below to view them now.
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