Cardano Price Predictions 2024-2033
- Cardano Price Prediction 2024 – up to $0.91
- Cardano Price Prediction 2027 – up to $2.78
- Cardano Price Prediction 2030 – up to $8.12
- Cardano Price Prediction 2033 – up to $25.13
Cardano stands out as a project with remarkable potential beyond its role as a tradable asset. Rooted in scholarly peer-reviewed research, it has cultivated a robust community over time. Here, we delve into the essence of Cardano and offer a projection for the future value of ADA.
How much is ADA worth?
Today’s live Cardano price is $0.5321, with a 24-hour trading volume of $300,642,016. Cardano is down 0.92% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $18,791,797,873. It has a circulating supply of 35,395,191,839 ADA coins and a max. Supply of 45,000,000,000 ADA coins.
Cardano price analysis: ADA drops to $0.5321 as the market’s bearish momentum continues
- Cardano price analysis shows a bearish trend.
- Resistance for ADA price is present at $0.5394.
- Support for Cardano prices is seen at $0.5249.
Cardano price analysis for January 16th, 2024, shows a slight downward trend in current market conditions. The crypto trades at $0.5321 when writing, dropping 0.92% over the last 24 hours. ADA/USD Price has been trading between $0.5249. and $0.5394.. over the past 24 hours, with bearish and bulls unable to break either of these levels. The next few hours may see upward price movement as the bears take a breather, but any rallies are likely to be short-lived as the overall trend remains bearish.
ADA/USD price analysis on a 1-day chart: Price goes down to $0.5321 after a bearish drift
The 1-day Cardano price chart shows a bearish trend in the market, with a price on an overall downward trajectory. The bears have been able to keep the ADA/USD price below $0.5400 for most of the day, and any attempt by bulls to break through this level has been met with strong resistance.
ADA/USD 1-day price chart; TradingView
The Relative Strength Index (RSI) trades near 46.51 levels, indicating the coin faces strong bearish pressure. The Moving Average Convergence Divergence (MACD) also indicates a deep sell-off as the MACD line (blue) is well below the signal line. The 200 SMA also acts as a strong ADA/USD pair resistance level. The 50-SMA and 20-SMA are also well below the price, indicating that the bearish pressure will continue.
Cardano price action on a 4-hour price chart: Bears increase grip on ADA price
The 4-hour ADA/USD chart shows that the bulls have been unable to break past the resistance at $0.5394., preventing a rally in price action. The bears are still firmly in control of the market, and they will continue to be in the near future unless something changes drastically. The previous day’s candle closed in the red, and the current 4-hour candle trades below $0.5400, suggesting that bearish momentum is still strong.
ADA/USD 4-hour price chart; TradingView
The Relative Strength Index (RSI) is trading near 44.51 levels, showing that the coin’s bearish momentum might gain traction. The 20-EMA is currently below the 50-EMA, indicating a bearish price trend. The MACD has continued to move lower and is below the zero line, suggesting that the sell-off could extend soon. The histogram also moves in the negative territory, indicating a strong sell-off.
Cardano price analysis conclusion
Cardano’s technical analysis shows a bearish trend, with ADA/USD trading at $0.5321 as of the time of writing this article. The bearish momentum is still strong, and the bulls cannot break through the resistance at $0.5394. limiting any rallies in price action. However, if the bulls can break past this level, then the ADA/USD price could start to rally.
Cardano Recent news/Opinions
Cardano’s Progress Mirrors Bitcoin’s Organic Growth, ADA Set to Thrive
Cardano, a prominent player in the blockchain arena, is charting a course similar to Bitcoin’s natural progression, according to its founder Charles Hoskinson. In a recent update on December 18, Hoskinson conveyed his enthusiasm about the network’s current development trajectory, likening it to the early days of Bitcoin’s organic growth.
Delving into the specifics, Hoskinson pointed out the rising utilization of Cardano’s network. He highlighted that just a few months ago, critics labelled Cardano as a “ghost chain” due to perceived underuse. However, the scenario has dramatically shifted, with the network now bustling with activity and block usage increasing significantly.
Cardano’s block explorer, Cexplorer, sheds light on this growth. As of December 18, the average block saturation stands at 56.98%, surpassing the monthly average of 44.5%. This uptick is not sudden but part of a consistent increase over the past two years. Back in early 2021, the average block capacity utilization was around 64kb. Fast forward to the present, and this figure has climbed to 88kb, indicating a robust uptick in adoption and developer activity on the platform.
Notably, Cardano’s design includes a flexible approach to managing network capacity. The maximum block capacity is an adjustable parameter, allowing the network to adapt to fluctuating transactional demands seamlessly. This flexibility is a cornerstone of Cardano’s design philosophy, ensuring it remains responsive to the needs of its growing user base and developer community.
Presently, Cardano is navigating through the Basho phase, following the successful implementation of the Goguen era, which saw the activation of smart contracts. The Basho stage is primarily focused on enhancing the network’s performance and scalability, a critical aspect as more decentralized applications (dApps) find a home on the platform. Scalability directly influences transaction speed and fee stability, a domain where Cardano has an edge with its consistent and stable transaction fees, unlike its counterpart Ethereum.
In his communication, Hoskinson underscored the grassroots nature of Cardano’s growth. He emphasized the significant role of community engagement and involvement in shaping the network’s trajectory, a path reminiscent of Bitcoin’s journey. This growth model steers clear of heavy reliance on venture capitalists, crypto media, or influencers, marking a fundamental alignment with Bitcoin’s organic expansion.
As Cardano continues to evolve and refine its infrastructure, the question on many minds is whether ADA, Cardano’s native token, will mirror Bitcoin’s meteoric price rise. With the network’s strategic development and increasing adoption, the future looks promising for ADA’s valuation in the dynamic world of cryptocurrency.
Cardano Price Prediction 2024-2033
Price Predictions By Cryptopolitan
Cardano (ADA) has undergone significant volatility throughout the year, and the recent price uptick has bolstered investor sentiment, with projections for ADA showing a bullish outlook. Against this dynamic financial landscape, we shall delve into an analysis of Cardano’s price trajectory from 2024 through 2033.
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2024 | 0.77 | 0.79 | 0.91 |
| 2025 | 1.12 | 1.15 | 1.34 |
| 2026 | 1.60 | 1.66 | 1.94 |
| 2027 | 2.29 | 2.36 | 2.78 |
| 2028 | 3.20 | 3.30 | 3.97 |
| 2029 | 4.66 | 4.79 | 5.55 |
| 2030 | 6.84 | 7.03 | 8.12 |
| 2031 | 9.73 | 10.01 | 12.15 |
| 2032 | 14.33 | 14.84 | 16.76 |
| 2033 | 21.89 | 22.63 | 25.13 |
Cardano ADA Price Prediction 2024
Our Cardano price prediction for 2024 expects ADA to achieve a maximum price of $0.91. Additionally, we anticipate a minimum and average price of $0.96 and $0.99, respectively.
Cardano Price Prediction 2025
Our Cardano price prediction for 2025 suggests a maximum price of $1.34 and a minimum trading price of $1.12, with an expected average market price of $1.15.
Cardano Price Prediction 2026
According to our Cardano price forecast for 2026, we expect a maximum price of 1.94, a minimum of $1.60, and an average trading price of $1.66.
Cardano Price Prediction 2027
Our experts predict that in 2027, Cardano could reach a maximum price of $2.78, a minimum price of $2.36 and an average price of $2.29.
Cardano Price Prediction 2028
For 2028, ADA is expected to surpass its all time high of $3.10, potentially reaching $3.97, with an average price of $3.30 and a minimum of $3.20.
Cardano Price Prediction 2029
According to our Cardano forecast for 2029, ADA coin is expected to reach a maximum price of $5.55. The minimum and average trading prices are estimated to be $4.66 and $4.79.
Cardano Price Prediction 2030
Our 2030 ADA price forecast indicates a continued bullish trend, with ADA possibly reaching a maximum price of $8.12, an average price of $7.03, and a minimum price of $8.12.
Cardano (ADA) Coin Price Prediction 2031
Per our Cardano price predictions for 2031, Cardano (ADA) could soar above $10, reaching a maximum trading value of $12.15 and an average trading price of $10.01. Additionally, we anticipate a minimum price of $9.73.
Cardano Price Prediction 2032
In 2032, the maximum expected ADA price is $16.76. We expect a minimum price of $14.33 and an average price of $14.84.
Cardano ADA Price Prediction 2033
Our Cardano (ADA) price prediction for 2033 suggests the coin could reach a maximum of $25.13, assuming increased demand. The expected minimum price is around $21.89, with an average market price near $22.63.
ADA Price Prediction by Wallet Investor
The forecast from Wallet Investor indicates a significant decline in the value of ADA over the coming year, with projections suggesting a potential fall to $0.347. This outlook presents a pessimistic view regarding its long-term investment potential.
ADA Price Prediction by Technewsleader
Technewsleader’s predictions suggest ADA could be worth $0.8458 in 2024 and trade within the range of $1.13 to $1.30 in 2025. Their technical analysis also projects a sustained bullish run for the most part, with ADA reaching peak values of $2.97 in 2027, $6.17 in 2029, and $29.98 by 2033.
ADA Price Prediction by Digitalcoinprice
Digitalcoinprice anticipates considerable future price growth for Cardano (ADA) in the years to come. Their projections show ADA reaching $1.25 by the end of 2024, climbing to $2.07 by 2026, and further increasing to $2.61 by 2028. The average price for 2029 is predicted at $3.12. By 2031, ADA could range between $5.55 and $5.92. In 2033, the price might surpass $10, reaching a maximum price of $11.07.
Cardano Price Prediction By Industry Experts
Shah Faisal Shah highlights Cardano’s (ADA) significant price movement from $0.487 to $0.617 following the Bitcoin ETF news. He emphasizes the importance of Cardano breaking and holding above the $0.60 mark to maintain its bullish momentum and potentially rally toward $1. However, he notes a historical struggle for Cardano between the $0.60 and $0.64 range, suggesting that failing to stay above $0.60 could lead to a decline towards $0.56, and possibly down to the $0.50 support level.
Cardano Overview
The status of the market per the F&G Index is shown below:
Cardano Price History
In order to understand the Cardano Price Forecast, it is imperative to look at the Cardano price movements historically.
Before its launch in 2017, ADA coins were already on sale as far back as 2015, and sales continued till January 2017, after which it was launched. Its first rise in price was in January 2018, when it reached a record high of $1.31 due to the cryptocurrency rally.
The price soon dropped to $0.15 by April, and by the end of the year, it was worth $0.04. it was worth only around $0.10 in 2019 and started increasing again in late 2020, finishing the year at $0.19.
The crypto rally at the beginning of 2021 had seen the value of Cardano cryptocurrency increase greatly, reaching an all-time record high of $1.49 by February 27, 2021. But, this was just the start, and ADA prices kept increasing.
Later, in the month of May, a price of $2.46 was reached by ADA, and this was an all-time high. Thereafter, it continued to maintain its price within the range of $1.20 – $2.
On September 2, 2021, the Cardano (ADA) price reached a new ATH or all-time high at $3.10 and has been the best-performing coin in the crypto world along with Solana, Algorand, Luna, and Tezos for the past month, experiencing a bullish trend.
The Cardano price analysis shows negative signs after a brief bullish turnaround. In the meantime, the bulls have lost control of the Cardano market, which could signal new lows for the cryptocurrency. Analysts are optimistic about the fortunes of the market, and ADA could experience a turnaround in 2024 as expected of the entire cryptocurrency market.
More on the Cardano (ADA) Ecosystem
What is Cardano?
Cardano is the habitat for the ADA cryptocurrency, mainly used to send and receive digital funds, making direct transfers fast and possible through cryptography.
More than being a cryptocurrency, it is a technological platform that helps run the financial applications individuals and institutions use worldwide. The platform is being constructed in layers that allow for soft fork upgrades.
Cardano blockchain also runs decentralized applications and services that any third parties do not control. This is the first blockchain project designed by a global team of engineers and can be implemented on mission-critical systems such as aerospace and banking applications.
The Cardano Foundation has also declared the launch of the final version of the Alonzo Testnet, which will feature smart contracts on the platform. The new upgrade is termed Alonzo White, and with this release, investors are attracted to Cardano. Along with this, the coin was also added to the Grayscale Trust, and there are plenty of supporters of Cardano like eToro.
Owing to the public’s increased interest in Cardano and smart contracts, the organization behind the currency, Input Output Hong Kong, has spun up the Alonzo Purple testnet. The onboarding process has already been initiated, and the testnet will be made live once done.
It was created by Charles Hoskinson, ex-Ethereum Co-Founder, and is considered a third-generation blockchain behind the likes of Bitcoin and Ethereum. It was launched back in 2017 to compete with Ethereum.
The coin took over the number three spot after Ethereum after blockchain technology company IOHK developers of Cardano ADA announced the date for the Alonzo hard fork on the Cardano mainnet. Alonzo became live on the Cardano network on September 13, 2021, which might lead to a surge in Cardano prices.
Projects involving Cardano
Cardano has been involved directly or indirectly in several projects since its launch. In April 2019, The company behind the Cardano Blockchain, IOHK, also launched Atala, which is an enterprise blockchain framework designed for the Ethiopian government and other African countries. Later on, in September of the same year, Cardano entered into a partnership with the athletic wear company, New Balance, enabling the company to use the blockchain to detect fake footwear.
In 2020, IOHK launched Project Atlas and Project Catalyst. Project Atlas aimed to improve users’ experience on the Cardano platform through service integration and more accessibility to its tools and products. On the other hand, Project Catalyst sought to accelerate community innovation and develop on-chain governance.
Recently, Cardano has partnered with Nervos token and the integration of Marlowe on the Cardano blockchain can come in handy for trading ETFs.
Cardano accelerating in NFT space
Cardano-based NFTs are quite popular nowadays because of the surge in Ethereum gas fees. The rising congestion and gas fees make the Cardano ecosystem most suited for NFT tokens. Recently, we have seen a lot of partnerships between Cardano and NFT artists.
DJ Paul Oakenfold, a Grammy winner EDM artist, has teamed up with Cardano to launch his next album as NFTs. The digital asset album will be based on the Cardano blockchain and is named “Zombie Lobster.”
The plan is to focus on new NFT projects on Cardano; therefore, Starship Universe, an NFT project, deserves special mention. This project is being managed by Alon Shulman, who has partnered with Cardano to release thousands of NFT tokens under this new project.
Cardano Compatible Wallets
There are available wallets to store your Cardano crypto assets; to do that, you need to have at least one of the following wallets;
- Binance
- Coinbase
- Gemini
- Kraken
- Trezor
- Coinsmart
- Ledger Nano
- Cex.io
Conclusion
Over and over again, the cryptosphere has proven to be quite subject to speculations and market sentiment (whether positive or negative) – as made evident by BTC’s recovery back up to $42k, and ETH at $2.2k. Cardano is currently in a bullish phase, and the current Cardano price predictions are largely positive. Depending on the developments in the crypto market, we could see significant growth in market capitalization and price in 2024. You may buy Cardano ADA tokens at top-tier crypto markets like Binance, Huobi global, and Bitfinex.
You must keep in mind that cryptocurrency markets are highly volatile and experience price fluctuations. Hence, before making a Cardano investment, always do your own research. Look at the latest Cardano crypto news, market trends, fundamental analysis, and market capitalization – including expert opinions – before making any decision.