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Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon?

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon?

CoineditionCoinedition2024/02/14 07:31
By:Chryzano Ariston
  • The bullish Cardano (ADA) price prediction ranges from $0.65 to $3.
  • Analysis suggests that the Cardano price might reach above $2.9.
  • The Cardano bearish market price prediction for 2024 is $0.3.

After the first and second-generation cryptocurrencies, Bitcoin and Ethereum , Cardano was introduced in 2017 as a third-generation blockchain. Cardano claims to be a more scalable, secure, and efficient alternative to Ethereum and other decentralized application platforms.

A cryptocurrency like Cardano, which has been around for a while, is one with a growing ecosystem. This year, it has been ranked as one of the busiest. As a result, ADA is one of the altcoins investors are keeping an eye on in the cryptocurrency market.

If you are interested in the future of Cardano (ADA) and want to know the predicted value for 2024, 2025, and 2030, keep reading!

Table of contents

  • Cardano (ADA) Market Overview
  • What Is Cardano?
  • Technical Aspects of Cardano (ADA)
    • Byron (Foundation)
    • Shelley (Decentralization)
    • Goguen (Smart Contracts)
    • Basho (Scaling)
    • Voltaire (Governance)
  • Analysts View on Cardano (ADA)
  • Cardano (ADA) Current Market Status
  • Cardano (ADA) Price Analysis 2024
    • Cardano (ADA) Price Analysis – Bollinger Bands
    • Cardano (ADA) Price Analysis – Relative Strength Index
    • Cardano (ADA) Price Analysis – Accumulation and Distribution Line
  • Cardano (ADA) Price Prediction 2024-2030 Overview
  • Cardano (ADA) Price Prediction 2024
    • Cardano (ADA) Price Prediction – Resistance and Support Levels
  • Cardano (ADA) Price Prediction 2025
  • Cardano (ADA) Price Prediction 2026
  • Cardano (ADA) Price Prediction 2027
  • Cardano (ADA) Price Prediction 2028
  • Cardano (ADA) Price Prediction 2029
  • Cardano (ADA) Price Prediction 2030
  • Cardano (ADA) Price Prediction 2040
  • Cardano (ADA) Price Prediction 2050
  • Conclusion
  • FAQ
  • More Crypto Price Predictions:

Cardano (ADA) Market Overview

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What Is Cardano?

Cardano is a decentralized third-generation proof-of-stake blockchain platform . It is the nexus of five principles: People, purpose, technology, research, and opportunity. Built with the rigor of high-assurance formal development methods, Cardano aims to achieve the scalability, interoperability, and sustainability needed for real-world applications. 

With its in-house cryptocurrency, ADA, it can facilitate peer-to-peer transactions. The Cardano blockchain employs the Ouroboros proof-of-stake (PoS) consensus process for finding new blocks and adding transaction data to the network. In this PoS system, ADA holders lock up or stake their coins in pools operated by other participants or become stake pool operators.

As the name implies, the “environmentally sustainable, verifiably secure” PoS protocol known as Ouroboros is used to protect Cardano. PoW consensus mechanisms are known for their security assurances, but Ouroboros claims it is four times more energy efficient than Bitcoin.

Technical Aspects of Cardano (ADA)

Cardano is being developed in five stages to create a development platform with a multi-asset ledger and verified smart contracts for decentralized apps (DApps). The five phases are named after prominent historical personalities and are referred to as eras. The following are the five phases:

Byron (Foundation)

Cardano’s Phase 1, or Byron, was the initial release for the general public in September 2017. In addition, the Daedalus desktop wallet and the ADA cryptocurrency were introduced by the business.

Shelley (Decentralization)

In the second stage, anyone could participate in the Cardano transaction verification process, making it decentralized. Shelley officially began in June 2020.

Goguen (Smart Contracts)

Smart contracts and decentralized applications will be available in Cardano’s third era. The Alonzo upgrade launch represents the Cardano Goguen era’s roadmap. The Alonzo update was released in August 2021.

Basho (Scaling)

Basho seeks to build sidechains to Cardano to scale it even further. As a result, the main blockchain will be divided into several smaller chains called shards.

Voltaire (Governance)

The long-term ambition of Cardano is to develop an autonomous system independent of IOHK, its parent company. In the following weeks, Voltaire will unveil a full-fledged governance system that users can utilize to decide on new features. A genuinely decentralized platform can be built on top of Cardano after the first phase.

Analysts View on Cardano (ADA)

Dan Gambardello, the founder of Crypto Capital Ventures, believes that despite the bearish circumstances that have prevailed since the beginning of 2022, long-term opportunities will once again exist in the cryptocurrency space.

#Crypto is back at what I call the 10x sweet spot. This is when macro 10x opportunities once again abound.

More downside is in play, but long term opportunities have returned. #Bitcoin #Cardano #Xrp

— Dan Gambardello (@cryptorecruitr) December 1, 2022

Denotably, a few people from the crypto community mentioned that although investors and people are investing on only the mainstream coins such as Bitcoin and Ethereum. Investors often skip their eyes on Cardano.

We wouldn’t be like that if the rest of crypto weren’t conditioned by literal agitation propaganda to treat us all in a certain way without ever spending the time to look into what Cardano is. We aren’t stupid and are the same as 99% of people on eg Ethereum

— ADA whale (@cardano_whale) December 5, 2022

Also, Cardano founder Charles Hoskinson tweeted that the markets are separated from reality, which is a general fact concerning cryptocurrency. Cardano has never been stronger, and many other projects in the industry are equally strong, but you don’t see it reflected- just a sea of red. Cardano is transforming the world because of all of you, and our finest days are yet to be.

A universal truth about crypto is that the markets are disconnected from reality. Cardano has never been stronger and frankly many other projects are also solid across the industry, yet you don't see that reflected- just a sea of red. Macro factors always win out. (1/2)

— Charles Hoskinson (@IOHK_Charles) September 6, 2022

Cardano (ADA) Current Market Status

The maximum supply of Cardano (ADA) is 45,000,000,000 ADA, while its circulating supply is 36,613,928,912 ADA, according to CoinMarketCap . At the time of writing, Cardano is trading at $0.5497, representing a 24 hours decrease of 0.84%. The trading volume of Cardano in the past 24 hours has been $428,483,265 which represents a 15.89% increase.

Some top cryptocurrency exchanges for trading Cardano are Binance, Bittrex, eToro, and HitBTC.

Now that you know Cardano and its current market status, we shall discuss the price analysis of Cardano (ADA) for 2024.

Cardano (ADA) Price Analysis 2024

Will the Cardano blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industries affect ADA’s sentiment over time? Read more to find out about Cardano’s 2024 price analysis.

Cardano (ADA) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).

The upper band, as shown in the chart, is calculated by adding two times the standard deviation to the Simple Moving Average (Middle band ) while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 0 Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 1 ADA/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView )

ADA has been on an uptrend since the third week of October. The token has been testing the upper Bollinger band, while its fluctuation has been above the SMA. This shows that ADA has been going great as it was and is above average. 

After a period of hugging the upper band, ADA seems to have retraced. It is currently falling, as the traders are selling to make profits from the gains that ADA absorbed. There is a high chance that ADA could look for support near the SMA. Although there is a retracement, the uptrend seems to have not ended. 

The above thesis could be supported by the Bollinger bands that are facing in the upper direction. Although the lower band is moving upwards towards the upper band, the upper band is moving further away from the lower band towards the upper direction. This also supports the fact that ADA’s leg up is not yet over. 

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 2 Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 3 ADA/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView )

The Bollinger Band Width Percentile (BBWP) indicator used in the above chart shows that the Bollinger bands have expanded to their maximum capacity. It has a value of 93%. Although the ADA has retraced, the BBWP has not yet deemed it to have a downtrend. 

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 4 Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 5 ADA/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradingview )

The white line shows the 50-day MA, and the green line shows the 200-day MA. These two are some prominent moving averages that are used by traders to adjudicate the market. Currently, both of these MAs are moving in an upward direction; hence, the trend is still up. Therefore, it could be assumed that although there might be retracements here and there, the trend would still be bullish. 

Cardano (ADA) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 6 Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 7 ADA/USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview )

The above chart shows that after residing in the overbought region for quite some time, the RSI is now in the normal range. It reads a value of 62, and the line seems to be heading downwards. As the RSI is below the SMA, the market could be bearish in the future. However, there is a possibility that the RSI could be in a different position for longer timeframes.

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 8 Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 9 ADA/USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview )

Unlike the fixed overbought and oversold regions in the RSI, the above charts show the resistance and support levels that could be used as overbought and oversold, respectively. Currently, after being rejected at the resistance level, ADA is trading just below the resistance level, as shown in the chart. If ADA keeps moving downward, it may seek the assistance of the support level. 

The RSI bandwidth indicator reads a value of 0.83 at press time. The line seems to be heading downward. This shows that the bands could contract and there could be less volatility in the market. Since the end of the year is nearing, they could get saturated, and there may be some consolidation before the spike.   

Cardano (ADA) Price Analysis – Accumulation and Distribution Line

The Accumulation and Distribution Line (ADL) is an indicator that relies upon the price and the volume of the cryptocurrency to find out how strong the current trend is. Generally, if there is a price rise then the ADL should also rise along with the price. 

When the preceding happens then there is an assurance that the price rise is being supported by volume. However, when the ADL falls while the price rises, then, it shows that the price change is not supported by volume and the trend is weak. 

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 10 Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 11 ADA/USDT 1-Day Chart Showing Accumulation and Distribution Indicator (Source: Tradingview )

The accumulation and distribution indicator reads a value of 46B. After changing directions, the line is moving downward. This could be the result of the market correction. Some traders would be selling their holdings to make profits. Sooner or later, the market will reach a new accumulation and distribution equilibrium. As such, traders may need to watch out. 

Cardano (ADA) Price Prediction 2024-2030 Overview

Year Minimum Price Average Price Maximum Price
2024 $1.5 $3 $5
2025 $150 $195 $250
2026 $10 $15 $30
2027 $40 $61 $90
2028 $600 $785 $1400
2029 $3,000 $6,000 $8,000
2030 $1,500 $2,000 $3,500
2040 $5,000 $8,000 $12,000
2050 $5,000 $10,000 $12,000

Cardano (ADA) Price Prediction 2024

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 12 Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 13 ADA/UST 1-Day Chart (Source: Tradingview )

When looking at the chart above, it could be noted that ADA seems to be following the Wyckoff pattern. The downtrend of ADA, which started in late August 2021, came to an end only at the beginning of 2023, after ADA reached almost $0.24. 

After hitting the above-mentioned value, ADA was moving sideways, as shown in the chart. From the beginning of 2023 to November 2023, ADA was consolidating. However, in November, ADA started to spike as it entered Phase D, as shown in the chart. This is the build-up to the surge, and there is a high chance that ADA could test the $0.65 resistance level before it surges. If ADA respects and trades according to this pattern, then there is a high chance that the price could reach $3 or more. 

However, if this pattern is dismantled, ADA may seek support at $0.29 or probably $0.24. Nonetheless, it would be interesting and surprising to see ADA reach these support levels, especially due to the BTC halving event next year.

Cardano (ADA) Price Prediction – Resistance and Support Levels

Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 14 Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $3 Soon? image 15 ADA/USDT 1-Day Chart Showing Resistance and Support Levels (Source: Tradingview )

The above chart shows ADA’s behavior as of May 2018. During 2018, ADA was crashing just below the 1:3 Gann line. However, once it reached its bottom of $0.02, the token started to rise again. After rising until May 2019, the token hit a stumbling block in the form of a 2:1 Gann line. Thereafter, it experienced yet another fall that brought it below the $0.02 level in March 2020.

However, there was yet another spike for ADA courtesy of the BTC halving that happened in 2020. ADA tested the 4:1 Gann line at $0.1 and rose almost vertically to reach above $2.35. Currently, ADA seems to be moving horizontally downward while being supported by the 4:1 Gann line. With the impending BTC halving, traders seem to show interest in ADA; as such, it is resting on the 8:1 support level. There is every possibility that ADA could reach the 3:1 Gann line in the future.  

Cardano (ADA) Price Prediction 2025

Cardano may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Cardano will continue to rise in 2025, forming new resistance levels. It is expected that Cardano (ADA) will trade beyond the $195 level.

Cardano (ADA) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Cardano could tumble into its support regions. During this period of price correction, Cardano could lose momentum and be way below its 2025 price. As such, it could be trading at $15 by 2026. 

Cardano (ADA) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in ADA. As such, we could expect Cardano (ADA) to trade at around $61 by the end of 2027.

Cardano (ADA) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Cardano may reciprocate its past behavior during the BTC halving. Hence, Cardano  (ADA) would be trading at $785 after experiencing a considerable surge by the end of 2028. 

Cardano (ADA) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Cardano (ADA) could be trading at $6,000 by the end of 2029.

Cardano (ADA) Price Prediction 2030

After witnessing a bullish run in the market, Cardano and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Cardano (ADA) could be trading at $2,000.

Cardano (ADA) Price Prediction 2040

The long-term forecast for Cardano indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point. 

If they start selling then Cardano could fall in value. It is expected that the average price of Cardano (ADA) could reach $8,000 by 2040.

Cardano (ADA) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Cardano (ADA) could reach $10,000.

Conclusion

If investors continue showing their interest in Cardano and add these Coins to their portfolio, it could continue to rise. ADA’s bullish price prediction shows that it could reach the $3 level.

FAQ

What Is ADA?

Cardano is a blockchain-focused network that runs its own mainnet. In addition, there were no limitations placed on the crypto’s ability to carry out any tasks that it deemed important for the network.

How to Buy ADA Tokens?

Like other digital assets in the crypto world, ADA can be traded on many exchanges. Binance, Coinbase, Bithumb, Kucoin, and FTX are currently the most popular cryptocurrency exchanges for trading ADA.

Will ADA Surpass Its Current ATH?

Since ADA provides investors with a number of opportunities to profit from their crypto holdings, ADA seems to be a really good investment in 2022. However, ADA has a high possibility of surpassing its current ATH in 2028.

Will Cardano (ADA) Reach $3?

Cardano is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, Cardano might reach $3 soon.

Is Cardano a Good Investment?

For much of the past year, Cardano has been one of the most active and busy cryptocurrencies. Keeping all of this in mind, it is prudent to assert that ADA is a good investment option for those looking.

What is the present all-time low price of Cardano?

Cardano has a present all-time low price of $0.096.

Which Year Was ADA Launched? 

ADA was launched in September 2017.

Who Founded ADA?

Charles Hoskinson founded ADA.

What is the maximum supply of ADA?

It is 45,000,000,000 ADA.

How do I store ADA?

Cardano can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the Cardano (ADA) price in 2024?

Cardano is expected to reach $3 by 2024.

What will be the Cardano (ADA) price in 2025? 

Cardano is expected to reach $195 by 2025.

What will be the Cardano (ADA) price in 2026?

Cardano is expected to reach $15 by 2026.

What will be the Cardano (ADA) price in 2027?

Cardano is expected to reach $61 by 2027.

What will be the Cardano (ADA) price in 2028?

Cardano is expected to reach $785 by 2028.

What will be the Cardano (ADA) price in 2029?

Cardano is expected to reach $6,000 by 2029.

What will be the Cardano (ADA) price in 2030?

Cardano is expected to reach $2,000 by 2030.

What will be the Cardano (ADA) price in 2040?

Cardano is expected to reach $8,000 by 2040.

What will be the Cardano (ADA) price in 2050?

Cardano is expected to reach $10,000 by 2050.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of Coin Edition. No information in this article should be interpreted as investment advice. Coin Edition encourages all users to do their own research before investing in cryptocurrencies.

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