Cardano (ADA) is the native token of a proof-of-stake blockchain that goes by the same name. Cardano network was founded in 2015 by Ethereum co-founder Charles Hoskinson. Cardano Foundation states that its ultimate goal is to give innovators and visionaries a platform that will help them make the world a better place. To accomplish this, Cardano’s team is building an interoperable and scalable multi-asset ledger with a platform for verifiable smart contracts. If you want to learn more about this innovative cryptocurrency and how Cardano operates, read this article or head on over to the official Cardano website.
ADA is currently ranked 6th by market capitalization, so it is undoubtedly a cryptocurrency many people are interested in and has great growth potential. Let’s look at Cardano ADA price prediction for the coming years.
Please keep in mind that as with any other cryptocurrency, it is near impossible to make a 100% accurate Cardano price forecast. We mention what minimum price and maximum price ADA can potentially reach in one year or the next five years, but those are just our estimations.
Subscribe to our newsletters to stay aware of crypto trends
Cardano Price Prediction After Smart Contracts
First, let’s analyze Cardano’s recent price history. The coin followed the general crypto market bullish trend in early 2021, going from $0.13 to an (at the time) maximum price of $1.3 in just two months. Since then, the coin has never gone below a minimum price of $1 – and it even rose 15% in mid-May following an announcement of a smart contract rollout called Alonzo. Afterward, however, ADA went through the same correction the whole market did, dropping back to its February-March levels. After July 21, the Cardano price increased and half a month later reached its current ATH of $3.10.
Cardano Price Prediction December and at the End of 2021
Once again, it is near impossible to make a 100% accurate prediction when it comes to the crypto world. That said, we think that ADA price stands to rise by the end of 2021. We think that the current correction may be over by then, and it is possible that the Cardano team may announce a new feature. If that happens, then Cardano cryptocurrency price will very likely rise.
Cardano Price Prediction by 2022
Cardano’s maximum price in 2022 will depend on a wide variety of factors, like the general situation on both the crypto market and in the global economy, or the state of other cryptocurrencies that can be seen as ADA’s main competitors, like QTUM or WAVES.
Some experts predict that ADA will be around the $2.5 mark for most of 2022 – which is rather optimistic considering the coin is currently hovering around $1.9.
Cardano Price Prediction in the End of 2022
Several experts expect ADA price to reach up to $4 by the end of 2022. While we think this is rather optimistic, we can’t deny that it is possible.
CoinDesk says that it’s even possible for ADA to smash its previous ATH and reach $5.17 – especially if ecological concerns become an even more prominent topic in the crypto world. However, they also point out that usability concerns may drive some investors away from the coin, and cause its price to not move past the $3.99 mark in 2022.
The most optimistic experts from Coinquora even believe that if ADA bulls further throughout 2022, then Cardano future price could reach $12 -$15 by the end of the year.
Cardano Price Prediction by 2025
CoinSwitch predicts that the price of ADA will reach $3. Wallet Investor, on the other hand, is more optimistic, forecasting ADA’s price to reach at least $9.8 in 2025.
On the other end of the spectrum, there is Trading Beasts, which expects ADA to not gain much in the next 4 years and predicts that it will have an average price of $5 by 2025.
Cardano Price Prediction 2030
The more long-term the investment, the harder it is to predict its outcome. However, Cardano has a lot of things going for it. It has good adaptability to change, a solid roadmap, a dedicated and talented team behind it, and it is eco-friendly. All these factors mean it’s here to stay. While it is impossible to predict the exact Cardano cryptocurrency price will have in 2040 and beyond, we think it is a good long-term investment.
Cardano Price Prediction 2040
It’s hard to make a Cardano price forecast for the long run. We think that it is likely that ADA’s price will continue to rise and may even reach the $15 mark in 2030 – that is, of course, if cryptocurrencies don’t become obsolete by then and get replaced by some new technology. Overall, ADA has a chance to renew its historical maximum price and get a new all-time high.
Cardano Price Prediction by Experts
Experts over at Investor Cube are predicting that ADA is up for a big break in their Cardano forecast. They say that the key support and resistance levels to watch at the moment are $1.002 and $1.68. Digital Coin Price also has an optimistic outlook, forecasting that ADA can reach a maximum price of up to $3.97.
ADA can reach a price of up to $3.97
Digital Coin Price
As you can see, there are as many predictions and opinions as there are experts. Still, the majority seem to have an optimistic outlook in both the short and long term. At the end of the day, you should follow the main advice we always give beginner investors – DYOR, do your own research – and decide for yourself what Cardano price forecast you believe in and if ADA is a project you want to invest in. You should make your own investment decisions.
Why Is Cardano so Cheap?
Cardano’s price is rather low, but its supply is high, which allows it to have the market cap that it has. The maximum number of ADA coins that will be issued is 45B.
Market capitalization is a true sign of value, so it matters more than the price of a single coin – and Cardano’s market cap is high. You simply have to own more ADA to have $1000 worth of it in your wallet – but the value of it will stay the same, no matter whether you got it by buying 10 ADA or 100.
Will Cardano Reach $20 and $100?
Technically, everything is possible, and there’s definitely at least one Cardano price prediction out there that says $100 will be the coin’s minimum price in the next five years, not it’s the unattainable maximum price.
In reality, however, it is highly unlikely that ADA price will ever rise that high. If Cardano’s price reached $20 with everything else unchanged, it could’ve taken over Bitcoin by market capitalization. And not even the most optimistic Cardano price forecast will ever predict something like this. In order for ADA to reach such high numbers, either the whole market will need to experience an astronomical rise the likes of which we’ve never seen before, or the coin itself will have to get a one-way ticket to the moon by being officially recognised as a currency by an economically powerful country like the US or China.
Does Cardano Have a Future?
Cardano’s team plans on implementing all the best features of other cryptocurrencies. That tells us two things: first, this blockchain is unlikely to become outdated and thus fade into obscurity, second, both its team and the chain itself have good adaptability to change, which is a very good quality to have in such a rapidly changing and evolving industry as crypto. All this allows us to be optimistic in our ADA Cardano price prediction and shows the coin can offer long-term earning potential.
Is Cardano a Good Investment?
Cardano may not be as hyped as some other cryptocurrencies like DOGE or BTC, but this coin is still one of the most aggressive cryptocurrencies which has a solid team behind it and has stayed on top despite many challenges that the industry has faced in recent years. It has seen steady growth over the past few years and, as we have seen above, stands to rise even higher. Based on this, it is a good investment.
Final Thoughts
We hope you enjoyed our Cardano forecast, and that our ADA price prediction will give you some food for thought. Although this coin’s price is unlikely to ever reach the maximum price of Bitcoin or Ethereum, it can be an excellent long-term investment.
Follow us on Social Media and subscribe to our mailing list to get the latest Cardano news, updates on this ADA price prediction, technical analysis of cryptocurrencies, and more.
Frequently Asked Questions
Can Cardano make you a millionaire?
If you bought $400k worth of ADA when it was at $1, and then sold it for its maximum price of $3.10 at the beginning of September, you would’ve had more than a million USD right now. Obviously, $400k is quite a hefty investment. However, if you bought ADA coin in 2019 for the price of $0.04, you would’ve only needed $16k to become a millionaire now.
What is Cardano worth in 2025?
There’s no sure way to make an accurate Cardano forecast for 2025, however, we can make a general ADA price prediction. Crypto has been receiving more and more hype recently, and even if it fades, the current boom in popularity has certainly introduced many faithful HODLers and investors to cryptocurrency markets. We always say that for mass adoption to happen, people need to be educated about crypto – and the recent hype is very likely to have introduced quite a lot of people to crypto and blockchain.
If positive trends continue, and ADA’s team sticks to its plans and ideas, then Cardano price has a chance to reach at the very least $5 by 2025.
Is Cardano better than Bitcoin?
There’s no “better” when it comes to cryptocurrencies. They’re all different and serve different purposes. That said, Cardano team has ambitious plans for new feature implementation and is highly technologically advanced – but so is Bitcoin, of course. One solid advantage ADA has over BTC right now is that it is more eco-friendly. However, in the end, only you can decide which crypto is the best for you.
Can Cardano replace Bitcoin?
If Cardano price becomes equal to $20 and Bitcoin’s price remains the same, then it can potentially replace BTC as the number one cryptocurrency by market cap. But it is highly unlikely that Cardano, or any other crypto for that matter, will ever replace Bitcoin in terms of cultural and technological impact, popularity, and arguably even significance.
Can Cardano reach $10?
Some experts believe that the price of Cardano coins may reach $10 in the near future.
What is Cardano worth in 2022?
According to our Cardano price predictions, the value of the ADA coin will fluctuate around $3-3.5 in 2022.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.
Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.
The post Cardano (ADA) Price Forecast for 2022-2040 appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
* This article was originally published here
No comments:
Post a Comment