Cardano Price Prediction 2024, 2024, 2025, 2030

Cardano is a “third-generation” cryptocurrency created by Ethereum co-founder Charles Hoskinson. It aims to solve several issues Ethereum faces, such as scalability, interoperability and improving decentralisation.

With that said, many Cardano proponents believe ADA could one day flip ETH, although it has been hit hard recently after the SEC labelled Cardano and several other major tokens as securities.

This article provides our Cardano price prediction, dissecting its long and short-term potential and whether it could overtake Ethereum.

Cardano Price History

Founded in 2015, Cardano was launched in 2017. According to CoinMarketCap, the Cardano’s initial coin price was $0.02461.

Thanks to Charles Hoskinson’s track record, the coin quickly gained momentum, with the community calling it an “ETH killer” and the next crypto to explode. The price surged during the 2018 bull run, establishing a new ATH of $0.997.

Following the 2018 bull run, the price decreased again and traded below $0.10 for most of 2019.

By 2021, the Cardano price began to explode with the rest of the market, eventually reaching an ATH of $3.10 in September 2021.

However, the price is now down 79% from its ATH. In comparison, Ethereum is down 54% from its ATH.

One reason for this is that the Cardano network’s Alonzo hard fork failed to live up to expectations in 2021, leading to criticism and FUD. However, its September 2022 Vasil upgrade has seemingly made up for it, increasing Cardano’s scalability and reducing network transaction fees.

Adding fuel to the fire, the SEC recently sued Binance and Coinbase, alleging that they had sold unregistered securities. Within the SEC’s allegations, Cardano was listed as a security. This caused ADA to lose 27% of its value over the following week.

Since then Cardano price settled, finding strong support at $0.24. This price supported it until October 19th, when Cardano opened at $0.2430. Since then, the chart trended steadily upward before turning parabolic on December 1st. Cardano has gained 162% since October 19th, and its currently priced at $0.6359.

Cardano price history key points:

• Cardano launched in 2017 with an initial price of $0.02461.
• Following its launch, the Cardano price peaked at $0.997 before entering a bear market in 2019.
• ADA created a new ATH of $3.10 in 2021.
• Cardano has gained 161% since the middle of October, where it priced at $0.2430.
• The current price is $0.6359, down 79% from its ATH.

Cardano Price Prediction 2023

As the end of 2023 comes to a close Cardano is on strong form, gaining 161% in less than 2 month to peek above $0.65—a valuation not seen for 18 months. After such positive price activity a pull back is expected before then of the year. However, we could see both the pull back and another drive upwards between now and the end of the year.

That is why our Cardano price prediction for 2023 is a high of $0.90, a low of $0.32, and a median price of $0.55.

ADA Price Prediction 2024

While the SEC has said that it deems Cardano’s ADA a security (along with many other coins) in its lawsuits against Binance and Coinbase, there has been no signaling as to what action they may take against the issuers of these coins.

The recent XRP lawsuit has been dropped by the SEC, and, in 2024, the SEC is expected to approve a Bitcoin ETF and Federal Reserve has signaled that it is likely to reduce interest rates. This is even more positive news for the cryptocurrency markets which showed all the signs of emerging from a prolonged crypto winter at the end of 2023.

Looking into Cardano’s 2024 we have the launch of the age of Voltaire, where an on-chain governance structure and treasury are going to introduced and the blockchain becomes truly decentralized. This doesn’t mean, however, that development stops, and Partner Chains, the privacy-focused Mithril protocol, and the Hydra state channels scaling solution are all slated for mainnet release in 2024.

With all this positive news in mind, we see a bright year ahead for for Cardano, and our Cardano price prediction estimates 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.

Cardano Price Prediction 2025

Looking ahead to 2025, the Cardano ecosystem is expected to be flourishing, as dApps continue to be launched and its DeFi ecosystem continues to grow—according to DeFiLama, Cardano is the 9th largest chain by TVL, and Cardano TVL grew 241% in 2023.

By 2025, the legal woes facing many of the biggest exchange might have been settled, the macroeconomic situation is very likely to have improved, and cryptocurrency regulation and adoption are likely to have become more settled around the world.

2025 is also the year where we’re likely to be seeing the price effects of the Bitcoin Halving that took place in 2024. Historically, new ATHs have come for Bitcoin, and many altcoins, 12–18 months after the Bitcoin Halving event, which, this time around, will fall in 2025.

All-in-all this provides a hugely positive outlook for the price of ADA in 2025. As a result, our ADA price prediction estimates a price of $2.80 by the end of 2025. We also predict potential new ATHs of $3.50 in 2025, along with  lows of $2.10. This is all dependent of the continued growth of Cardano, the outcome of the SEC’s “security” allegations, and the continued improvements in the global economy.

Cardano Price Prediction 2030

Cardano presents one of the most ambitious and intriguing use cases of all layer-one blockchains. Its focus on global mass adoption gives it significant potential of success, and also helps reduce the impact that the SEC’s security-based statements might have.

In 2023 Cardano’s DeFi ecosystem grew an immense amount, from just a handful of protocols at the start of the year, to 30+ protocols live on-chain by the end of the year. Cardano also gained centralised and decentralised stablecoins in this time, and some of its DeFi protocols focused on bringing real-world assets on-chain for use in DeFi. All building a solid foundation for the future.

Cardano aims to be the most secure, decentralised and scalable layer 1 blockchain, having taken a pragmatic and research-based approach to all elements of its development. While it remains to be seen whether it will ultimately be successful, by 2030 Cardano will have fully operational decentralized governance, and a host of dApps building on the back of its successful DeFi ecosystem.

Taking a wider look at 2030, we can also expect crypto regulation and adoption to have grown immensely by this time, helping to fuel the narrative that Cardano, a long standing member of CoinMarketCap’s top 10, will be one of the blockchains that comes out on top and helps to improve our global society.

With this in mind, our Cardano price prediction forecasts an average price of $4.40 for 2030, and a maximum valuation of $6. However, recent regulatory scrutiny could stunt its long-term growth, leading to potential lows of $2.80.

Possible Highs and Lows of Cardano

Despite its limitations, Cardano is one of the best altcoins with plenty of potential. The table below shows the coin’s predicted highs and lows from 2023-2030.

What do Other Analysts Predict for Cardano

The best way to determine the future price of Cardano is by combining multiple analysts’ predictions. We have compiled the opinions of different experts and media outlets below.

What is Cardano and What is it Used For?

The native utility coin to Cardano, ADA, is used to pay gas fees and is also staked by validators to secure the network.

To anyone who has read our Ethereum price prediction, it may seem the two cryptos are indifferent except for the number of dApps, users and volume. However, there are several important distinctions between the two.

The main difference is how the consensus mechanism works. For Ethereum, validating nodes process transactions and smart contracts at once. On Cardano, transaction and smart contract data are split between two layers and computed separately. Theoretically, this means Cardano can compute more data and therefore, is more scalable.

Cardano Overview

During the last bull market, ADA was one of the best altcoin season cryptos. However, the price has since plunged, and it remains to be seen if it will recover. Below we have summarised Carado’s current price metrics.

What Influences Cardano’s Price?

Following its launch, Cardano quickly rose to notoriety in the crypto community, thanks to Charles Hoskinson’s background and Cardano’s perceived potential.

Compared to other blockchains, Cardano’s price has been influenced by speculation, with investors hoping it may one day flip Ethereum.

However, looking ahead, adoption and ecosystem development will increasingly affect Cardano’s price. If Cardano proves a more user-friendly and decentralised option than Ethereum, we could certainly see ADA capture some of ETH’s liquidity.

Another influence is the SEC’s ongoing lawsuits against Coinbase and Binance and the regulator’s comments that it classes ADA as a security. Victories for the SEC in these cases, or it bringing a lawsuit against Cardano’s creators, could jeopardise ADA’s price. However, the SEC losing its lawsuits could bolster the price of Cardano.

The final influence on the price of ADA will be as it integrates with the rest of crypto. Cardano is mostly closed off to other blockchains, making moving crypto in and out of the chain difficult.

In the future, we expect developers to create more bridges, cross-chain swap protocols, and potentially side chains to port Ethereum dApps to Cardano. Once this occurs, we could see liquidity flow into the Cardano, boosting the ADA price.

Is Cardano a Buy?

Ethereum has been the prominent blockchain for layer three innovation, being the home of everything from NFTs and metaverses 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 will invest $200 to boost the Cardano ecosystem.

Overall, the Cardano ecosystem looks ready to flourish, potentially making ADA one of the top crypto to buy. Still, the recent SEC allegations must be considered since they could set back the price of Cardano significantly.

Where To Buy Cardano?

To purchase Cardano, choosing the right platform is crucial. Binance offers an easy-to-navigate interface and strong security protocols.

Binance – Trusted Crypto Exchange With Over 180 Million Verified Users And A Mobile App

Binance is a leading crypto exchange with over 180 million verified users across 100 countries. Launched as a user-friendly platform, it offers a simple way to buy, sell, and trade over 400 digital assets.

One of Binance’s main advantages is its user-friendly interface. The platform is designed to be intuitive, making it extremely easy for beginners to get started. 

Also, experienced traders can use the “Advanced Trade” option, which offers a greater range of tools and flexibility for large-volume trading.

Binance has also expanded its portfolio to include NFTs (Non-fungible Tokens) via its native NFT marketplace. 

It also has a “Learn” platform, allowing users to earn crypto while learning about it. Additionally, the exchange offers the possibility of passive income through staking.

Binance offers a mobile option via its Android and Apple app, ensuring that mobile trading is as smooth as desktop trading.

While no online platform can guarantee 100% security, Binance goes a step ahead to offer offline storage while there is also a $1 billion fund called the Secure Asset Fund for Users (SAFU) put aside to reimburse users if Binance experiences any issues. Mandatory 2-factor authentication (2FA) adds another layer of security.

Spot trading fees are very low, users can take advantage of a 0.1% spot trading fee. However, users should note that credit and debit card purchases can incur fees as high as 4.5%

Conclusion

Cardano has a strong community that believes in the project’s potential. Still, Cardano has plummeted over 90% since its ATH, and the ongoing FUD could cause it to dive further.

However, we have created a list of our top picks for the best cryptos to buy today. Click the button below to check them out now.

References

• https://coinmarketcap.com/currencies/ethereum/

• https://www.npr.org/2023/06/10/1181242780/sec-gary-gensler-binance-coinbase-crypto-lawsuits-battle

• https://www.coindesk.com/policy/2023/06/09/cardano-developer-rejects-sec-claim-its-ada-token-is-a-security/

• https://www.reuters.com/legal/us-sec-sues-coinbase-over-failure-register-2023-06-06/

• https://www.reuters.com/markets/us/sec-dropping-claims-against-ripple-executives-court-filing-2023-10-19/#:~:text=Oct%2019%20(Reuters)%20%2D%20The,in%20New%20York%20on%20Thursday.

• https://www.cnbc.com/2023/11/13/spot-bitcoin-etf-approval-is-approaching-experts-say-what-to-know.html

• https://www.reuters.com/markets/us/fed-likely-hold-rates-steady-signal-couple-cuts-2024-2023-12-13/

• https://roadmap.cardano.org/en/voltaire/

• https://iohk.io/en/blog/posts/2023/11/03/partner-chains-are-coming-to-cardano/

• https://iohk.io/en/blog/posts/2023/08/23/how-mithril-facilitates-strong-security-settings/

• https://defillama.com/chains

• https://defillama.com/chain/Cardano?currency=ADA

• https://iohk.io/en/research/library/

• https://coinmarketcap.com/academy/article/evolution-of-top-10-coins-in-cmcs-history

• https://twitter.com/cryptorecruitr/status/1734706649405792507

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