Cardano (ADA) Price Prediction 2024-2030: Will ADA Price Hit $1 Soon?

• ADA’s price might hit $0.93 in 2024 and could circle back to the same point in 2027.
• The bullish price prediction for 2029 is $2.36.
• With increasing demand, the price of ADA could change hands at $3.72 in 2030.

For some time, Cardano has remained a top 5 project in terms of development activity. Because of this, market participants cannot ignore the blockchain. However, the strides in development have not been reflected in its price since its bullish run in 2021.

Here, Coin Edition focuses on price prediction from 2024 to 2030. But before that, you will learn about Cardano’s fundamentals and use cases. Read on.

Cardano (ADA) Real Time Market Status

What is Cardano?

Cardano is an open-source blockchain platform whose native is ADA. The goal of the project when it was created was to help create a secure and transparent society. For those uninformed, Cardano is one of the biggest blockchains that uses the Proof-of-Stake (PoS) consensus.

One of the major use cases of Cardano is how it allows the deployment of smart contracts on its network. As a result, the project is one of the top ones with high development activity. The ADA token also has its utility— the major one is that it allows holders to vote on proposals. 

Hence, one can say ADA allows ownership and contribution for anyone who holds the token. If you wish to learn more about ADA, read other segments of this article.

Cardano (ADA) Current Market Status

As of this writing, ADA’s price was $0.46. In the last 365 days, this value represents a 21.60% increase. Compared to other top altcoins, this performance was underwhelming. Despite this performance, Cardano has remained a top 10 token.

Currently, the project is ranked number 10 on the market cap standings. It has a market cap of $16.66 billion. In terms of its trading volume, data from CoinMarketCap showed that it was $324.55 million in the last 24 hours. This was a notable decrease.

Furthermore, the maximum supply of Cardano is 45 billion tokens. Those in circulation were 35.64 billion. The ADA token is available on Binance, Coinbase, Kraken, Bybit, and many more.

Cardano (ADA) Price Analysis

XRP’s price is something that has piqued the interest of many traders. While the token has been underperforming lately, that does not mean it will continue to go down. Hence, Coin Edition looks at the token’s potential in this article segment.

Cardano (ADA) Price Analysis – Bollinger Bands

Our analysis of the Bollinger Bands (BB) showed mild volatility around ADA. As such, there is a high chance that the price of the token will keep moving sideways. 

Furthermore, the 4-hour ADA/USD chart showed that the upper band had hit $0.46, indicating that the cryptocurrency was overbought. With this position, the value of ADA might fall back to the $0.44 support.  In a highly bearish situation, the token could hit $0.42.

Cardano (ADA) Price Analysis – Relative Strength Index (RSI)

Even though ADA remained under $0.50, the Relative Strength Index (RSI) remained in a good buying zone. At press time, the RSI reading was 59.48, suggesting that bears had not been able to take over the momentum of the token.

Should this continue, the price of ADA might move to $0.50. However, if the momentum stalls, a decline to $0.44 might be possible.

Cardano (ADA) Price Analysis – Moving Average Convergence Divergence

For the Moving Average Convergence Divergence ( MACD), the chart below indicated that the reading was positive. Positive readings of the MACD indicate bullish momentum. Hence, it might not be out of place to note that ADA has a higher chance of trending upward than its possibility to decline.

Traders also need to watch out for the 12 EMA (blue) and 26 EMA (orange). Currently, the shorter EMA was above the longer one, reinforcing the bullish thesis. However, if the crossover changes, ADA might fall to a bearish momentum.

Cardano (ADA) Price Prediction 2024

For its 2024, prediction, Coin Edition looked at the weekly timeframe. On the chart, the Supertrend flashed a buy signal at $0.38, suggesting that, if a capitulation happens, that could be a good buying point.

Furthermore, the Money Flow Index (MFI) reading was in a good spot. This indicates that there could be solid capital to move ADA’s price higher before the year ends. As long as the token gets solid buying pressure, its value will increase. Therefore, the 2024 price prediction for ADA would be $0.93.

Cardano (ADA) Price Prediction – Resistance and Support Levels

In terms of the resistance and support zones, Coin Edition went back to the 4-hour chart. One area where ADA had solid support was at $0.42. This region also served as a solid point of interest, indicating that bulls might do all they can to defend.

However, a crucial resistance area was at $0.46 which ADA seemed to be battling with. A break past this point might send the token toward $0.50. But at the region, another resistance appeared at $0.51 which could be vital to the token’s upward run or otherwise.

Cardano (ADA) Price Prediction 2025

By 2025, the price of Cardano could hit $1. The reason for this prediction is that the token was around the same point it was in 2020 before it went on a nonstop rally. Should history repeat itself, the price could reach $1.36 by December 2025.

Cardano (ADA) Price Prediction 2026

The price of ADA is expected to continue its bullish run in 2026. From our projections, the community of the project might have doubled or increased by at least 50%. Should this be the case, ADA might change hands at $2.01.

Cardano (ADA) Price Prediction 2027

In 2027, ADA might attempt to surpass its current ATH. However, this might be rejected and could lead the token to a lower low. In this case, the price of the token might drop to $0.93.

Cardano (ADA) Price Prediction 2028

The performance ADA might have in 2027 could be similar to its projected price action in 2028. Should this be the case, the price of the token could drop to $0.87.

Cardano (ADA) Price Prediction 2029

Cardano’s price might bounce off the lows in 2029. With this forecast, the market cap, and trading volume might also reach impeccable figures. Thus, the price prediction for 2029 could be $2.36.

Cardano (ADA) Price Prediction 2030

The price of ADA might continue to jump in 2023. By this year, the crypto market must have experienced a surge in adoption, and this would help altcoin prices rise. Hence, ADA might change hands at $3.72.

Cardano (ADA) Price Prediction 2040

ADA might experience rising interest in 2040. As such, most of its supply might be accumulated, prompting a price increase. Thus, the value of the token might reach $4.90 in 2040

Cardano (ADA) Price Prediction 2050

The price of ADA might not double-digits in 2050. However, it is expected that the value might trade at $5.38 on average. At maximum, the price of the token might rise to $6.04.

Conclusion

In conclusion, Cardano might remain one of the top 10 cryptocurrencies in years to come. However, this might depend largely on its market cap. As per its price, not much might happen as it seemed to lack the required demand to push for a significant upward move this year.

But in the coming years, ADA’s price might be one to keep an eye on as the project’s developmental efforts might start to reflect on the token’s value.

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