Cardano Long Term Price Prediction

Cardano price all-time growth, via Coinbase

The year 2021 saw high volatility for most of the cryptocurrencies. Despite a correction in the markets mid-2021 however, many cryptos have stayed in a bullish uptrend and made new all time highs in the run up to 2022. One of those cryptocurrencies is ADA that runs on the Cardano proof-of-stake blockchain platform.

The bull run of Cardano has seen it overtake Litecoin, Dogecoin and even Ripple to become at one point the third largest cryptocurrency in terms of market capitalization (now 6th). Should you invest in Cardano at the current price today? The price is still in an uptrend and some bullish price predictions for ADA extend into double digits.

In this guide we’ll review several Cardano price predictions over different timeframes to help you make an informed decision.

Cardano Price Prediction by Year

As of November 2021, Cardano is trading at $2.12, ranked #6 in the entire crypto ecosystem on Coinmarketcap.

The current market capitalization of this coin stands at a value of USD 66,477,417,765 with a circulating supply of 33,270,277,749 ADA coins and a maximum supply of 45,000,000,000 ADA coins. The last seven days’ statistics show that Cardano is consolidating near the price of $2.00 (£1.50), possibly forming a support base there.

Cardano Price Prediction 2021 to 2022

The current bull run for Cardano began with its opening in 2021 at $0.21445. Within just six months, it came up to the value of $1.38. From there, it witnessed a slight dip in July, when it was down to the value of $1.05. However, since then, it has not looked back.

In August 2021, the price of Cardano soared to the height of $2.85 and managed to keep up its rising pace for the first half of September. However, it again witnessed some dip and has come down to the value of around $2.

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As per the predictions given in the above table, it is predicted that Cardano will gear up its lost momentum again, and would show an increment of about 80% from its present value ($2), and would close near the value of $3.60.

Its price is predicted to pump again as the figures show that it would be around the value of $5.22 by the middle of the year 2022. The value of Cardano is predicted tothen  close around $5.34 by the end of 2022.

Below is an analysis of the Cardano price predictions for the years 2021 and 2022.

Next Month

Cardano is considered to be environmental-friendly crypto, which brings more confidence in the eyes of its investors and traders as they have seen how crypto-coins can show a massive dip in their value when they are not much environmental-friendly.

Its resilient nature was seen in the crypto crash where its prices did not fluctuate much, thereby prompting conservative crypto enthusiasts to invest in this currency. Along with all these reasons, its price is predicted to go up by the end of this year.

Cardano’s price could rise by as much as 80 percent in the next month, and its value reach around $3.60. There is potential for mass adoption of Cardano.

Cardano Prediction for 2022

ADA price prediction 2022 – 2023

The features of Cardano’s native coin ADA related to scalability, power, and inter-tradability have played an important role in maintaining a steady pace in the rise of its value. According to the views of crypto-experts, this rise will continue in the year 2022.

As mentioned above, the Cardano price forecast shows an increment in the initial months of 2022 as the data highlights that it would be around the value of $4 by the middle of the year 2022. This means that its value would be 160% more than what it is today and 45% more than what it will be by the end of December 2021.

The latter half of 2022 would still show some growth in terms of value increment as the prediction demonstrates that Cardano would be near the value of $5 by the end of next year.

Compared with today’s value, this figure of $5.34 is around 167% more, however, it is only about 2% more if it is compared with the predicted value of Cardano for the mid-year of 2022. Therefore, it would be interesting for crypto enthusiasts to see whether there would be any steep rise in the price of Cardano during the latter half of 2022 or not.

Staking has become increasing popular in 2021 and that trend should continue in 2022 – when investors are incentivised to hold their coins and not sell, in order to earn staking rewards, this reduces the chance of the price dumping. Cardano is a popular coin to stake, making the price more likely to rise over time. It can be staked on several platforms including eToro.

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Cardano Price Prediction 2023 to 2025

With the deployment of a decentralized proof-of-stake platform in its core functioning, Cardano is the frontrunner in the innovation of the crypto sector. Its ability to handle a mammoth of transactions, excellent scalability, and wide application in different sectors like pharmaceutical, education, and other related factors are playing a crucial role in ensuring its growth in the next five years.

This growth is also evident from the price predictions of Cardano between the years: 2023-2025. If you are looking for making your debut in the crypto sector, and would not like to keep humongous money at stake, then investing in Cardano is the best shot for you because this crypto is not only affordable in terms of its price but also expected to multiply its value by 5 times till the end of 2025.

The first half of 2023 could maintain the growth of Cardano’s value as it is expected to increase by 6% from its value near the end of 2022. Though this increment is not predicted to be in a high percentage figure, however, it is good that it would not lose its value at least for this period.

You can invest your money in Cardano now, and then taste the fruits of its value appreciation because its price would be around 3 times of what it is now towards the year-end of 2023. Cardano would continue to maintain its momentum at the beginning of 2024 as data shows that it would increase by the figure of around 15%, and would close towards the value of $7.79.

From the above table, it can be inferred that Cardano would grow at the pace of about 6.24% towards the end of 2024, and would value at the price of $8.17. This means your investment would get multiplied by 4 times in terms of its value in the next three years.

Moving into 2025, a potential Cardano price target could be $9 by the mid 2025. By the end of 2025, Cardano could finish price discovery by hitting the psychological resistance of $10, before a correction.

What will drive the price of Cardano in the next five years?

Given the surge in the price of Cardano and its increasing favorable perception in the eyes of its traders, Investors are always occupied with the question: What will drive the prices of Cardano? So, let us look into some of the factors which will affect the price of this crypto in the upcoming years:

Cardano Adoption

Any cryptocurrency’s success depends upon how many users have adopted it on the digital ecosystem. Cardano is relatively new in an age when compared to other cryptocurrencies like Bitcoin and Ether.

Though Cardano is increasingly getting adopted by crypto enthusiasts it has a long way to go in terms of its market inclusion. It aims to ensure the financial inclusivity of the unbanked and become a dApp platform for its users. With this aim and proof-of-stake in its core, its adoption is expected to increase in the next five years, increasing its value exponentially in the digital currency market.

Competition with other currency

If any product wants to establish itself in the market, it has to beat out its competitors successfully. Such is also the case of Cardano when it comes to the competition in the digital ecosystem. Having said that, there is no exaggeration in the fact that Bitcoin is still the market leader among cryptocurrencies.

Therefore, Cardano has to give stiff competition to Bitcoin if it has to ensure its prominence in this digital market. Further, there exists an interesting correlation between the prices of Bitcoin and Cardano.

Generally, it has been observed that the price of Bitcoin has the triggering effect on the prices of other crypto coins, i.e. if the price of Bitcoin rises, then prices of other coins also rise. Thus, we would see the positive effects on the price of Cardano in the future if Bitcoin performs fairly well in the market.

Cardano Technical analysis

Binance ADA / USDT chart on Tradingview

The price action of Cardano (ADA) is in a bullish uptrend as it is making what traders refer to as higher highs (HH), and higher lows (HL) on a high timeframe (HTF) such as the monthly chart.

The wicks which didn’t break $1 indicate that it has strong. support at that level, i.e. buyers were interested every time ADA/USDT approached $1 and the monthly candle never closed below that level.

If we draw a trend line connecting the lows of each monthly candle, and another connecting the highs, the Cardano price is rising in an upward channel. If price continues to respect this channel, we could predict a target of $4 to be hit sometime between 2022 and 2023. An optimistic Cardano price prediction would see $4 reached in Q1 of 2021, and $5 in Q3 of 2022.

A more conservative prediction for the Cardano price could be that it may need until early` 2023 to break over $4. At the time of writing, there is room for the price chop and trade sideways for another few months and still remain within this bullish upward channel. The price may need to consolidate before further expansion to the upside, as it pumped over 100% in August 2021.

If ADA breaks below our lower trendline and cannot reclaim it, for example retesting it from below and being rejected, it may drop to retest the $1.50, and flip that previous resistance level from early 2021 into new support remember technical analysis (TA) predictions can’t always be relied upon.

Be aware of fundamental analysis (FA), for example, the Cardano price went into a correction when there was some FUD (fear, uncertainty and doubt) in the markets over whether or not it’s smart contracts would work as described.

Keep up to date with what professional traders and investors are saying online on Twitter, Telegram, Reddit and social trading forums like eToro so you can react to news events that might influence the Cardano price.

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Fundamental Analysis of Cardano

Cardano crypto data

There are 5 stages in the formation of Cardano: foundation, decentralization, smart contracts, scaling, and governance. It functions in the proof-of-stake blockchain protocol and has some fundamental principles in designing its blockchain. These principles are: “You cannot predict the future, so build in wiggle room. Complexity is nice on paper, but simplicity usually wins”.

Smart contracts

Another characteristic of the Cardano network is its peer review system. Cardano not only targets the smart contract market but also aims to create a decentralized financial system for the markets of developing nations like Southeast Asia, Africa, etc. While smart contracts can also be made with Bitcoin, if someone wishes to create sophisticated and complex ones, then Cardano is the way to go.

Proof of stake mechanism

Many people aren’t aware that Cardano has a competitive advantage over other Blockchain technology because of its proof of stake mechanism. Ethereum also plans to implement a PoS mechanism, however Cardano has the first mover advantage in this niche.

This makes it debatably superior to Bitcoin and other Blockchain technology if we look into the ‘environmentally friendly’ argument. To give an idea, while Bitcoin uses 130 terawatt/hour, Ethereum uses 50 and finally Cardano uses only 6 Gigawatt/hour. You can also read our Ethereum price prediction guide for more info on ETH.

Price action in 2021 on eToro

eToro also includes a ‘research’ section for verified users with fundamental analysis (FA) of Cardano, which traders use alongside reviewing the chart and doing technical analysis (TA).

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Other features

It is important to know that Cardano has a fixed stock just like other cryptocurrencies. As per Analytics Insights it has a maximum inventory of 45 billion ADA. This makes it highly possible that Cardano may take off if it could prove its use case in the future.

Cardano focuses on increasing its market capitalization with its increasing accessibility, and presents itself as an opportune investing avenue before crypto enthusiasts. Cardano’s main goals include interoperability, scalability, and sustainable development.

It could be said that the cryptocurrency markets are based on speculation, however opting for coins with strong fundamentals goes a long way in offering piece of mind to long term investors. Cardano has 100-150 developers (Ethereum has over 1500) actively working on the project – it one of the biggest players in the Blockchain sector.

Only time will tell how Cardano fares as compared to ETH and other Blockchains, however, if you are bullish in general with crypto and Blockchain, it makes sense to invest in Cardano – as always with investing do your own research (DYOR) as well.

Cardano Price Prediction 2026 to 2030 and Beyond

We have seen how Cardano’s price prediction is expected to reach five times its value in the next 5 years. Let us now analyse what all lies in the box for us in the second half of this decade.

There is not much increment predicted in the first half of 2026 as the prices are expected to rise only by $0.04. However, a steep rise in the price can be observed towards the end of 2026 as Cardano’s price is predicted to get up by $0.82 from its mid-year value.

The positive rise in its price would continue till mid-year of 2027 as its price is expected to drop by $0.90 towards the year-end of 2027, which would be a sign of concern for all the investors.

Nonetheless, Cardano will bounce back with a huge margin as its price is predicted to rise high by $0.68 towards the mid-year of 2028 and by $0.67 towards the year-end of 2028. Almost the same amount of appreciation will be observed in the first half of 2029 for Cardano, however, a slight amount of depreciation is predicted for its value towards the year-end of 2029.

Towards the end of this decade, we can see how Cardano would almost be 6.5 times its present value and would continue to show momentum in the digital currency market. Though the increment in the next half of this decade is not as high as the first half, it is not even so less that it can refrain traders from investing in this currency.

How to Invest in Cardano in the UK?

You must have got a fair amount of idea about how your investment can multiply by 6.5 times in the next 10 years if you start investing in Cardano from now onwards.

If you are planning to buy Cardano, you can do so on the reputable platform eToro, and platforms such as Binance & Coinbase.

Follow these steps to get started in investing with eToro:

Step 1: Visit the eToro website on desktop or mobile by clicking here.

Step 2: Follow the KYC (know-your-customer) requirements by verifying your identity with a government-issued ID

Step 3: Deposit funds into your account to buy ADA

Step 4: Search for Cardano by typing “ADA” in the search box, view the price chart and and click on the trade button next to it

With these four simple steps, you can get started with trading Cardano or holding it for the long-term while earning staking rewards as passive income.

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Cardano Price History

Below is another line chart showing the price history of Cardano from 2018 to late 2021. You can see how the price range of Cardano is capped at $1 for a considerable period (till December 2020). It was only in January 2021 – after three years of what traders term reaccumulation – that the price broke out and expanded 100% above the previous high of $1, retesting and flipping it to support shortly after before seeing further continuation to $3.

ADA price growth via Coinmarketcap

Cardano has been rising in price since January 2021 and has maintained a range between $1.3-$2.8, which is a positive sign for its investors. One reason behind its bullish outlook is its close relationship with Ethereum.

Charles Hoskinson co-founded both cryptocurrencies – Ethereum and Cardano. Though both of have similar use cases, they are based on different blockchain systems. While Ethereum uses a proof-of-work blockchain system, Cardano uses proof-of-stake Ouroboros consensus protocol.

Conclusion

Cardano is set to make a dent in the world of Blockchain. Its first mover advantage in proof of stake methodology and progress in smart contracts should give it a good foothold in the coming years. Given that it has already been making regular news headlines in the investing world – in financial media such as Forbes and CNBC – alongside the big names like Ethereum and Bitcoin, shows its potential to be a promising asset in the long term.

To invest in ADA and read more Cardano price predictions from traders check out eToro exchange, a social trading platform where investors can also share their thoughts on the tokens they buy.

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