Cardano (ADA) Price Prediction for 2022, 2023, 2024 & 2025

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By reading the article “Cardano (ADA) Price Prediction” published in Adaas Investment Magazine, you will get acquainted with the predictions for Cardano price in general. This level of familiarity can be enough for you to invest in the cryptocurrency market. 

Cardano (ADA) live price

Table of Contents

What is the Cardano?

After the introduction and growth of projects that provided the infrastructure needed to host smart contracts, Cardano has entered the world of cryptocurrency, with a very strong technical team to solve the problem of scalability and uneconomical fees which large blockchains such as Ethereum are facing.

Cardano has succeeded in developing its own blockchain with the proof of stake consensus mechanism with the aim of providing the right infrastructure for smart contracts. ADA tokens are also very popular among investors and traders in the cryptocurrency market due to their high price growth potential.

What Is The Cardano

History of Cardano cryptocurrency

In 2015, Cardano’s idea was introduced by the project’s founder, Charles Hoskinson, and by 2018, the project’s technical team was developing its blockchain. Finally, in 2018, in the process of initial public offering (ICO) of ADA tokens, the project managed to raise $60 million in capital.

Mr. Hoskinson has a brilliant CV as a founding member of Ethereum or as the CEO of IOHK. After leaving the Ethereum project in 2017, he founded IOHK, one of the most important sponsors of Cardano platform.

From 2020 to 2021, a series of upgrades have been applied to the Cardano blockchain, which will further prepare the platform for the health, agriculture and education industries. Thus, Cardano can be a fast and cheap host for smart contracts focused on these industries.

Cardano Price Prediction

Review the cardano price history

After raising more than $60 million in the first initial public offering of the ADA token, the Cardano experienced one of its biggest bull runs in just a few months.

In October 2017, the price of the Cardano jumped from 1.7 cents to 2.6 cents. But many investors experienced a terrible fear in December 2017 that the price of Cardano fell 50%, but buyers on the 2 cents experienced a 350% growth after the price reached 7 cents.

Once again, due to the fall in the price of Bitcoin in 2018, the price of Cardano also returned to the 2 cent level. The same thing happened in March 2020 for this cryptocurrency. But after the last price drop, Cardano started its price growth in March 2020 and went from 2 cents to $3 in August 2021.

Cardano (ADA) price prediction

As of November 21, 2021, Cardano is ranked 5th after Solana in terms of market volume or market cap. Many cryptocurrency price analysts have predicted an upward trend for Cardano prices.

In the following, we have published the Cardano price analysis until 2025, stay tuned to Adaas Investment Magazine.

Cardano price forecast for 2022

Many analysts consider Cardano to be less than the true value of this cryptocurrency due to the results of its latest blockchain upgrades.

Expected prices vary between $5 and $20 depending on the different factors, but $5 is more reasonable. Many investors attribute the lack of Cardano price growth to negative publicity against the platform. But at the same time, they are hoping to record new price peaks for Cardano.

ADAUSDT_2022-2023-fibo

Cardano price forecast for 2023

After the price of Cardano reaches $5 to $20, there is a possibility of price correction, and for this correction, late 2022 to early 2023 can be a good opportunity for people who have lost Cardano to purchase at reasonable prices.

Do not forget that Cardano cryptocurrency is one of the best investment opportunities due to the increase in popularity and use among users as well as large health and agricultural industries, which has the possibility of tremendous price growth in competition with Solana and Ethereum. Cardano price correction may change the price between $3 and $7 levels, and this is not unrelated to bitcoin price correction.

Cardano price forecast for 2024

By the end of 2023 and the beginning of 2024, one can expect the cryptocurrency market to enter a new bull run after a bearish winter with the start of Bitcoin Halving.

2024 could be an important year for Cardano to return, and this year one can expect to see a golden cross pattern in Cardano’s price chart. In 2024, Cardano can be expected to return above the $5 to $7 price level, after which it will resume its uptrend.

As you can see in the pictures below, Cardano’s on-chain statistics assure the growth of this platform and consequently its price growth in the coming years.

cardano transaction count
copyright: adatainment.com
copyright: adatainment.com

Cardano price forecast for 2025

In 2025, when cryptocurrency projects have become more widely used, one can expect the Cardano project to find its true place in large industries. And with the increase of indicators such as network transactions or active wallets, the price of this cryptocurrency will continue its upward trend.

The price that Cardano can reach in 2025 is $10. But note that this price is achieved for Cardano when it successfully completes all its path and the cryptocurrency market experiences an upward trend as expected.

Why is the price of Cardano rising?

Many major financial market analysts, especially in the cryptocurrency market, have predicted a rising megatrend for Cardano. Cardano is currently trying to show the true value of its project to regain its position among developers and investors.

Due to the presence of Solana’s young but valuable competitor to Ethereum and Cardano, many smart contract developers tend to use a blockchain with high scalability, sufficient security, and cheapness features at the same time. Thus, the Cardano platform can be a great choice for businesses in the health and agriculture industries.

Be sure to note that if Cardano does not achieve great success in its path, such as the success of the Ethereum or Solana, we can expect a downward trend for Cardano’s price. In slang terms, it all depends on Cardano itself when and how to use this potential.

The end words

At Adaas Capital, we hope that by reading this article you will be fully immersed in Cardano (ADA) Price Prediction. You can help us improve by sharing this article which is published in Adaas Investment Magazine and help optimize this article by submitting your comments

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