- Bullish ADA’s price prediction ranges from $1.227 to $3.00.
- Analysis suggests that the ADA may also reach $1.596 this year.
- ADA’s bearish market price prediction for 2024 is $0.24.
Cardano, a project with immense potential beyond mere trading, has captivated the crypto community with its robust technical foundation and visionary team. Rooted in peer-reviewed academic research, Cardano has steadily built a loyal and passionate community, propelling ADA to the top cryptocurrencies globally.
As we delve deeper into Cardano’s intricacies, we uncover the factors that have driven its rise and explore what the future holds for ADA. Could this be the next big leap in the crypto world? Our detailed ADA price forecast reveals the possibilities ahead, shedding light on the potential growth and market trends surrounding this project.
Table of contents
- Cardano (ADA) Price Prediction 2024-2030 Overview
- What is Cardano (ADA)?
- Cardano (ADA) Current Market Status
- Cardano (ADA) Price Analysis
- Cardano (ADA) Price Prediction 2024
- Cardano (ADA) Price Prediction 2025
- Cardano (ADA) Price Prediction 2026
- Cardano (ADA) Price Prediction 2027
- Cardano (ADA) Price Prediction 2028
- Cardano (ADA) Price Prediction 2029
- Cardano (ADA) Price Prediction 2030
- Cardano (ADA) Price Prediction 2040
- FAQs
- More Crypto Price Predictions:
Cardano (ADA) Price Prediction 2024-2030 Overview
| Price Prediction | Potential Low ($) | Potential High ($) |
| 2024 | $0.240 | $1.596 |
| 2025 | $1.596 | $3.200 |
| 2026 | $0.771 | $2.491 |
| 2027 | $1.965 | $4.010 |
| 2028 | $3.160 | $6.228 |
| 2029 | $9.415 | $7.130 |
| 2030 | $10.26 | $12.54 |
| 2040 | $19.50 | $25.00 |
What is Cardano (ADA)?
Cardano (ADA) emerges as a blockchain contender with a vision for enhanced security, scalability, and sustainability. Launched in 2017 after its inception in 2014, Cardano offers a platform for smart contracts and decentralized applications, aiming to outpace competitors in efficiency and security.
However, the road to adoption hasn’t been easy. The rise of Ethereum’s Layer 2 solutions has diminished some of Cardano’s once-distinct advantages. Despite these challenges, the Cardano ecosystem is far from stagnant.
With 135 live projects and over 1,200 in development, the network is bustling with activity. But it’s not all success stories—some projects have struggled, facing regulatory hurdles and rapid advancements in the blockchain world.
Delving deeper, Cardano’s focus on education, the development of stablecoins, and multi-chain solutions signal its intent to remain a key player in the blockchain space. But the question remains: Can Cardano overcome these obstacles and fulfill its potential? The future of ADA’s price hangs in the balance, driven by the promise of innovation and the weight of competition.
Cardano (ADA) Current Market Status
Over the past month, Cardano (ADA) has seen an upward momentum, with its price climbing from around $0.35 to a current value of $0.60, reflecting growth in the market. The weekly chart further underscores this trend, with a steady rise that accelerated towards the end of the period, positioning ADA as one of the stronger performers among major cryptocurrencies.
In the last 24 hours, ADA’s price has increased by 5.04%, now trading at $0.6028. This growth is underpinned by a market cap of $21.11 billion, up by 5.03%, and a trading volume of $2.68 billion over the past day.
However, trading volume has declined 39.97%, indicating a potential cooling in trading activity despite the recent price surge. Cardano’s volume-to-market cap ratio stands at 12.67%, suggesting a relatively active market, though less intense than in previous days.
Cardano (ADA) Price Analysis
With a circulating supply of 35.02 billion ADA out of a total 45 billion, Cardano continues to draw investor interest and secure its position among the leading cryptocurrencies. In this Coin Edition section, let’s explore ADA’s potential price trends in the days ahead.
Cardano (ADA) Price Analysis – Bollinger Bands
The Bollinger Bands on the weekly Cardano (ADA) chart indicate increased volatility and a potential upward trend as their bands diverge. As of press time, ADA was trading at $0.617, above the upper band of $0.546, which often signals a potential correction as it lingers in overbought conditions.
The middle band, acting as a 20-period simple moving average, is currently at $0.387, serving as a support level if the price consolidates. Nonetheless, if ADA can sustain movement above the upper band, it may retest higher Fibonacci resistance levels around $1.771 (23.60%%) or even $1.227 (38.20%) in the medium term, signaling bullish potential.
Cardano (ADA) Price Analysis – Relative Strength Index
The Relative Strength Index on the weekly Cardano (ADA) chart is currently at 67.87, approaching the overbought threshold of 70, indicating increased buying pressure. This upward movement in RSI suggests growing bullish momentum, with ADA potentially nearing a breakout.
Historically, an RSI above 70 signals overbought conditions, which could lead to a price pullback or consolidation. However, if ADA maintains this strength and the RSI surpasses 70, it may test the 23.6% Fibonacci level at $0.771. In the coming weeks, sustained bullish momentum could push ADA toward higher resistance levels, like the 38.2% level at $1.227.
Cardano (ADA) Price Analysis – Moving Average Convergence Divergence
The MACD indicator on Cardano’s (ADA) weekly chart shows bullish momentum as the MACD line crossed above the signal line at 0.011 and -0.019, respectively. Additionally, the histogram bars have turned positive, reinforcing the bullish sentiment.
If this trend persists, ADA could reach its immediate resistance level around the $0.771 threshold. A sustained upward trajectory in the MACD could further support a run towards higher resistance levels, such as $1.227, signaling a strong possibility for additional gains in the coming weeks.
Cardano (ADA) Price Prediction 2024
The Directional Movement Index on Cardano’s (ADA) weekly chart signals a bullish trend. The +DI is 34.63, above the -DI at 13.46, indicating that buying pressure dominates. Additionally, the ADX at 21.16 suggests the trend is gaining strength, as values above 20 often indicate a developing trend.
Under these market conditions, if bullish momentum continues long-term, ADA could experience a strong rally, potentially surpassing this year’s high and targeting the $1.227 resistance level. Sustained gains might even drive the token to challenge the $1.596 level, which it hasn’t reached since January 2022.
Conversely, if market sentiment shifts bearish, ADA could see a pullback, aiming to establish support around the $0.320 level. A decisive break below this critical support could push ADA toward the psychological $0.24 mark, which might intensify selling pressure and further deepen the correction.
Cardano (ADA) Price Prediction 2025
Per Coin Edition’s prediction, ADA could surge past its all-time high and peak at $3.20, driven by optimism about the post-2024 BTC halving. However, it may drop to $1.596 due to market corrections and reduced enthusiasm after the initial halving impact.
Cardano (ADA) Price Prediction 2026
According to Coin Edition, ADA may face a downturn, hitting lows of $0.771 amid market corrections. Yet, it could recover to $2.491 as investors reassess opportunities in the evolving crypto space.
Cardano (ADA) Price Prediction 2027
Coin Edition forecasts ADA might climb toward the $4.01 mark, fueled by anticipation of the 2028 BTC halving. Conversely, it may dip to $1.965 due to market volatility and pre-halving jitters.
Cardano (ADA) Price Prediction 2028
Per Coin Edition’s analysis, ADA could peak at $6.228, benefiting from BTC’s halving effects. However, it might see lows of $3.160 as the market adjusts to post-halving realities.
Cardano (ADA) Price Prediction 2029
According to our price prediction, ADA may rise to $9.415, bolstered by community support and continued adoption. Yet, if broader market conditions weaken, it could fall to $7.130.
Cardano (ADA) Price Prediction 2030
Coin Edition predicts ADA could reach $12.543, driven by a mature market and increased utility. On the downside, it might drop to $10.266 if global economic factors dampen investor sentiment.
Cardano (ADA) Price Prediction 2040
Per Coin Edition, ADA might soar to $25.00, supported by long-term adoption and technological advancements. However, it could retreat to $19.50 if market competition intensifies and regulatory challenges arise.
FAQs
Cardano is a decentralized, open-source blockchain platform that provides a secure and scalable infrastructure for smart contracts and decentralized applications (dApps). Its native cryptocurrency is ADA.
You can buy ADA on major cryptocurrency exchanges like Binance, Coinbase, and Kraken. To do so, create an account, complete identity verification, deposit funds, and place a buy order.
Cardano has gained popularity due to its scientific approach and strong development team. All cryptocurrencies carry risk, so investors should consider market conditions, project fundamentals, and personal risk tolerance.
Cardano’s all-time high is $3.10, reached in September 2021.
Cardano’s current circulating supply is approximately 35 billion ADA out of a total supply of 45 billion ADA.
Many analysts believe ADA has the potential to surpass its ATH by 2025 and peak at $3.20.
Cardano’s lowest recorded price was approximately $0.01735 during its early trading days in 2017.
Cardano was founded by Charles Hoskinson, a co-founder of Ethereum, through his blockchain research and development company, IOHK (Input Output Hong Kong).
Cardano was launched in 2017.
You can store ADA in a secure cryptocurrency wallet like Daedalus or Yoroi (official Cardano wallets) or use other hardware wallets like Ledger and Trezor for enhanced security.
Cardano’s price prediction for 2024 ranges from $0.240 to $1.596, influenced by market trends and the impacts of the post-2024 BTC halving.
Cardano’s price in 2025 is predicted to range between $1.596 and $3.20, depending on market sentiment and crypto adoption following the BTC halving.
For 2026, ADA may fluctuate between $0.771 and $2.491, with potential corrections and rebounds as the market stabilizes after the halving.
2027 ADA could trade between $1.965 and $4.01, driven by anticipation of the 2028 BTC halving and market cycles.
In 2028, ADA’s price might range from $3.160 to $6.228, benefiting from the effects of the BTC halving.
Cardano’s price in 2029 is projected to be between $7.130 and $9.415, with growth supported by community backing and increased adoption.
For 2030, ADA could range from $10.266 to $12.543, driven by a mature market and expanded use cases in the blockchain space.
Cardano’s long-term forecast for 2040 estimates a range between $19.50 and $25.00, supported by further adoption and technological advancements.
More Crypto Price Predictions:
- XRP (XRP) Price Prediction 2024-2030
- Bitcoin (BTC) Price Prediction 2024-2030
- Solana (SOL) Price Prediction 2024-2030
- Ethereum (ETH) Price Prediction 2024-2030
- Dogecoin (DOGE) Price Prediction 2024-2030
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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