The summary of this Cardano price prediction tells us that the opinion of respected crypto experts and technical-based analysis combined predict that Cardano has the potential to reach anywhere between $4 to over $10 per coin between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy ADA.
“Never let the fear of striking out keep you from playing the game.”— Babe Ruth
News about Cardano
- Cardano’s ada surges as much as 22% after creator Charles Hoskinson stokes hopes its smart-contract update is imminent.
- Cardano shoots up close to $2 on anticipated network upgrade
When investing in crypto, it’s vital to diversity your portfolio and not put all of your eggs in one basket so to speak. If you’re holding Bitcoin, it’s a good idea to consider others too. The second most powerful cryptocurrency of Ethereum could be a good choice. But what about an up-and-coming digital asset of Cardano that has been nicknamed “Ethereum-killer” and boasts a range of unique features.
The Cardano price today is around $1.55, but what will the price be like a few weeks or years down the line? Questions surrounding the Cardano price prediction 2021 are asked by cryptocurrency users around the world whether they’re beginners or veteran traders.
Whilst accurately predicting the crypto forecast is nigh on impossible, there are several factors we can look at to get a fairly accurate insight into what’s in store via this ADA coin price prediction.
The following current price prediction aims to show you how the Cardano price forecasts could potentially develop in the future. From market shifts and the latest legislation to prediction strategies and expert analysis, our forecast utilizes a wide range of critical factors to bring you the most accurate price prediction possible when it comes to the value of this decentralized asset.
What is Cardano?
Before we get started with our Cardano price forecast, let’s look at what it is. After two years in development, Cardano was launched in 2017 by one of the co-founders of Ethereum, Charles Hoskinson. Put simply, Cardana is a decentralized third-generation proof-of-stake blockchain platform.
The selling point is as an updated version and alternative to Ethereum. At a base level, Cardana and Ethereum have largely the same purposes. Both can be used for smart contracts, and have goals of building a connected and decentralized system to provide banking services to the people around the world who are unbanked.
However, where Cardano differs from Ethereum is traceability and identity management. The traceability function of Cardano can be used to track and audit a product’s manufacturing processes from provenance to finished goods and it has the potential ability to eliminate the market for counterfeit goods. Identity management function can be used to streamline and simplify processes that require the collection of data from multiple sources.
“Blockchain is moving beyond cryptocurrency, and it’s worth paying attention – especially since successful prototypes show that blockchain, also known as distributed ledger technology, will be transformative.”Julie Sweet
The massive potential of Cardano means there is a significant potential for it to see major growth and an increase in value. Experts and analysts across the crypto sphere have predicted that this innovative digital asset might reach anywhere between $10 to $50 per coin soon.
But when will Cardano see such gains? Our Cardano price prediction will assist potential investors in finding answers to the question of how high the price of ADA can go and when.
Pros and cons of Cardano
Like any cryptocurrency, Cardano has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Cardano.
|✔️ Reputable team with a transparent structure. Many of whom have been involved in crypto since the early days.|
✔️ Peer-reviewed technology that is also environmentally friendly.
✔️ Extremely lightweight blockchain technology that is very scalable.
|❌ Still in the early phases of development and facing many powerful compteitors in the same crypto space. |
Frequently Asked Questions About Cardano
Before we get into the Cardano forecast price prediction, next we’ll cover some frequently asked questions about Cardano to give you a better understanding of this digital asset and its price potential.
Is Cardano a wise investment?
Based on recent price analysis and previous gains returned to early users, Cardano has the potential to be a good investment for users who trade wisely. However, this is not something we can guarantee.
Why is the price of ADA rising?
After Ethereum, Cardano is being marketed as the next big cryptocurrency. Reasons behind the price rise can range from Defi advantage to sufficient supply. In the future, network updates and an increased number of use cases have the potential to raise the price of Cardano even further. But how high can it go?
Can Cardano hit $10 per coin?
If Cardano was to hit $10 per coin, those who invested early enough could see incredible returns on their initial investment. Analyzing recent price changes of ADA shows us that this digital asset is potentially able to hit $10 per coin. However, this would take place over a long period of time.
What level of privacy does ADA ensure?
Cardano ensures users a high level of privacy. As a third-generation cryptocurrency, Cardano follows the same standard as digital assets like Bitcoin and Ethereum by maintaining transparency and traceability over the block records. However, Cardano is a pseudo-anonymous blockchain. This means that only the amount of the transaction, the date, time, and public key are visible, but not the identity of the sender and receiver of the transaction.
Where to buy Cardano?
Various crypto platforms allow you to buy ADA, but the most trustworthy, regulated, and well-established is eToro. This social investment platform provides traders with an array of tools, analysis, and trading robots that will assist you with investing safely and potentially maximizing your profits.
Cardano Price History
Since its foundation in 2015, the first few years of Cardano were pretty uneventful. It was only towards the end of 2017 and the beginning of 2018 that the first price action of this digital asset was recorded. Early investors into Cardano saw major gains as the cryptocurrency skyrockets from $0.02 in October 2017 to $1.33 on January 4, 2018.
But with the highs came the inevitable lows. The rest of 2018 and 2019 were fairly stagnant years for ADA. In 2019, the currency saw a high of just $0.10. It was a good gain for those who got in early enough, but a major drop from its 2018 high.
In March 2020, Cardano was not immune from the crypto crash nicknamed ‘’Black Thursday’’ and the price subsequently plummeted to as low as $0.025. But this was corrected in 2021 when the entire crypto industry saw major gains. ADA saw a new all-time high of $2.30 per coin and proudly took its place in the top ten cryptocurrencies by market cap.
Overall, the price history of Cardano has demonstrated this altcoin is still a relative newcomer to the crypto industry. Many would argue that it’s still within price discovery mode, meaning the next wave of early investors could be rewarded with similar gains as those who initially invested in ADA.
But what do the experts say?
Expert Analysis of the Cardano Price Potential
One of the best tools we can use to try and determine the potential bullish trend of ADA is to analyze the opinions of various crypto experts. Let’s delve into five estimated growth outlooks for various industry experts and analysts.
Coinpedia gave a five-year prediction for ADA that claimed that if the asset implements its open voting system and improves its security and bug prevention systems, then it could see prices ranging between $7.96 and $9.53. However, obtaining lucrative projects and collaborations with businesses could see the price reach a high of $12.27 sometime within five years.
TradingBeasts is more bearish on ADA than Coinpedia. They have predicted that Cardano could drop by almost 9% by the end of 2021 and end the year at $1.33. By the end of 2024, they expect Cardano to be priced at around $2.769.
In contrast to Trading Beasts, the author of Smartereum Adam Web is more bullish. Smartereum is a social platform for investors and analysts that enables readers to potentially predict the future price of the crypto market. Adam Web believes ADA has the potential to see a high of $10 per coin within five years and a high of $2.50 in the short term.
Wallet Investor uses an algorithm-based forecast in an attempt to predict the future price of ADA and find its minimum price or maximum price to predict whether Cardno’s price could be a good investment. Regarding Cardano, Wallet Investor adjusted their price prediction from $2.175 to $3.319 in one year. Over the long term, they predict that the price of ADA could have an earning potential of +116.21%.
The Coin Switch has made a relatively conservative, albeit positive, price prediction of Cardano. They believe that ADA has the potential to reach $2 soon with the possibility of reaching $3 or more within five years. Not as bold as some other claims, but there is still a possibility of good gains even with such conservative estimates.
Overall, the expert opinion is positive on the price prediction of Cardano. Over the long term, this innovative cryptocurrency has the potential to be a very wise investment for smart investors. But what does technical analysis tell us about the Cardano price forecast?
Technical Analysis-Based Cardano Price Prediction
Now we move onto technical analysis to try and predict the future price of Cardano. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand when investing, they can enable us to discover a long-term Cardano price prediction based on pure technicals when we assess longer time frames.
Cardano Price Prediction 2021 – 2022
Since the beginning of 2021, the price of Cardano skyrocketed by 777% from $0.18 to $1.59. It’s predicted that, by the end of the year, the price will be $2.60.
Cardano Price Prediction 2022 – 2023
After starting the year at $2.60, it’s predicted that the ADA price will rise to $1.73 per coin In the first half of 2022, it’s then expected to close the year at $2.93, which is a +86% gain on the current price.
Cardano Price Prediction 2023 – 2024
After starting 2023 at $2.93, ADA is expected to rise to $3.11 halfway through the year before ending at $3.58 at an overall annual increase of 22%.
Cardano Price Prediction 2024 – 2025
After starting 2024 at $3.58, ADA is expected to rise to $4.06 halfway through the year. The second half of 2024 is expected to be slower and see the price of Cardano end the year at $4.06. That’s an overall annual increase of 13%.
Cardano Forecast Conclusion
From new investors and the latest legislation to prediction strategies and expert analysis forecasts, we’ve drawn upon a wide range of critical factors to bring you the most accurate price prediction possible when it comes to Cardano. But is it worth investing in?
After the highs and lows, the expert analysis forecasts and history of ADA have shown that this is a digital asset that is still in its early phases. However, it has demonstrated powerful capabilities and a lot of potentials. As a result, the price of this digital asset will likely rise again.
Unlike some other cryptocurrencies, Cardano still provides a chance for investors to get in early and use this to their advantage and potentially make some serious gains. Wondering how to invest in Cardano securely and safely, we know the ideal crypto platform.
Where to buy Cardano?
ADA is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto investing journey.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on Cardano. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
“Every smart person that I admire in the world, and those I semi-fear, is focused on this concept of crypto for a reason. They understand that this is the driving force of the fourth industrial revolution: steam engine, electricity, then the microchip – blockchain and crypto is the fourth.”Brock Pierce
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Cardano is smaller and younger than many other of the top cryptocurrencies, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – The opinions expressed in this price analysis is for informational purposes only and are not investment advice. The trade of Cardano and other alternative cryptocurrencies on the crypto market over the next few years has potential rewards, and it also has potential risks involved. Whilst there is possible long-term earning potential over the next five years, the possibility of a bullish trend does not necessarily reflect the absence of a bearish trend in Cardano prices. Trading may not be suitable for all people. Anyone wishing to invest should always do their own research, decide on their ADA cryptocurrency price level tolerance and seek his or her own independent financial or professional advice before making any investment decisions speculating on a long-term increase of the ADA price.